Aliases
AUASB
Office of the Auditing and Assurance Standards Board
Office of the Auditing and Assurance Standards Board (AUASB)
Portfolio
Governance Characteristics
Type of Body
Lead Body
No
Institutional sector classification
Employment instruments
Establishing instruments
Annual Report Requirements
Additional annual report requirement in establishing legislation
Yes
Other requirements and references to ‘annual report’ under the enabling legislation
Corporate Plan Requirements
Section 35 of the PGPA Act applies
Yes
Section 35(3) of the PGPA Act applies
Yes
Current Budget Characteristics
Outcome #1: The formulation and making of auditing and assurance standards that are used by auditors of Australian entity financial reports or for other auditing and assurance engagements.
| # | Program | Body | Contribution |
|---|---|---|---|
| 1.1 | Office of the Auditing and Assurance Standards Board Program 1.1 | Office of the Auditing and Assurance Standards Board (AUASB) | The key strategies to achieve Outcome 1 are: Developing, issuing and maintaining in the public interest, Australian auditing and assurance standards and guidance that aid in reducing the cost of capital and enable Australian entities to compete effectively domestically and internationally through enhancing audit and assurance consistency and qualityContributing to the development of a single set of auditing and assurance standards and guidance for world-wide use |