Auditing and Assurance Handbook 2012: Incorporating all the Standards as at 1 December 2011

The Institute of Chartered Accountants in Australia’s Auditing and Assurance Handbook 2012 incorporates all of the new and revised Australian Auditing Standards in Clarity format, Guidance Statements and Professional and Ethical Standards as issued at 1 December 2011.

New to the 2012 edition are:

• The paper Understanding Financial Statement Audits: A Guide for Financial updated and revised to reflect contemporary AustralianAgreed-Upon Procedures Statement Users auditing practice.
• The Standard on Related Services ASRS 4400 Agreed-Upon Procedures Engagements to Report Factual Findings.
• A number of revised Guidance Statements, covering issues such as auditing the revenue of not-for-profit entities and auditing superannuation funds, updated for the Clarity Standards.
• APESB Standards, APES 310 Dealing with Client Monies and APES 325 Risk Management for Firms

Where necessary, Standards have also been updated for the minor amendments included in the AUASB’s amending Standards.

For material issued after 1 December 2011, please refer to .www.auasb.gov.au and www.apesb.org.au, which are regularly updated throughout the year.

The companion volume to this handbook, the Institute of Chartered Accountants in Australia’s Financial Reporting Handbook 2012, brings together all of the Australian Accounting Standards and Interpretations as issued at 1 December 2011.