Updated Guidance for Performance Audits in the Public Sector – AASB
Date recorded:
At its meeting on October 7-8, 2019, the AASB discussed the key issues raised by stakeholders on the Exposure Draft, “Assurance and Related Services Guideline (AuG) 50, Conducting a Performance Audit in the Public Sector in Accordance with CSAE 3001.” Key issues discussed included:
- the definition of legislative auditor;
- addressing concerns related to internal control; and
- how to present an assurance conclusion in a performance audit.
The AASB will continue to discuss these issues at a future meeting.
Review the executive summary on the AASB's Web site.