Australian National Audit Office (ANAO) Auditing Standards (25/06/2009) (Cth)

AUSTRALIAN NATIONAL AUDIT OFFICE (ANAO) AUDITING STANDARDS

As required by section 24 of the Auditor-General Act 1997 (the Act), I hereby set auditing standards (“Australian National Audit Office Auditing Standards”) that are to be complied with by persons performing any of the following functions:

1.  an audit referred to in Division 1 (“Statements audit”) or Division 2 (“Performance audit”) of Part 4 of the Act;

2. an audit under Division 2 of Part 7 of the Act (Audit of the Australian National Audit Office);

3.  an audit under section 56 of the Financial Management and Accountability Act 1997 (audit of the Finance Minister’s annual financial statements).

The ANAO Auditing Standards comprise the standards referred to below, to the extent that they are not inconsistent with requirements of the Act or other relevant legislation:

• standards made by the Australian Auditing and Assurance Standards Board (AUASB) pursuant to section 227B(1)(a) of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001, that are current from time to time;

• the following standards formulated by the AUASB pursuant to section 227B(1)(b) of the Australian Securities and Investments Commission Act 2001:

oASRE 2400 Review of a Financial Report Performed by an Assurance Practitioner Who is Not the Auditor of the Entity;

oASRE 2405 Review of Historical Financial Information Other than a Financial Report;

oASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information;

oASAE 3100 Compliance Engagements;

oASAE 3500 Performance Engagements; and

·    the following standards issued by the Australian Accounting Research Foundation on behalf of CPA Australia and The Institute of Chartered Accountants in Australia:

o   AUS 804 The Audit of Prospective Financial Information;

o   AUS 810 Special Purpose Reports on the Effectiveness of Control Procedures; and

o   AUS 904 Engagements to Perform Agreed-upon Procedures.

These ANAO Auditing Standards revoke the ANAO Auditing Standards notified in the Commonwealth of Australia Gazette GN40 of 11 October 2006.

Ian McPhee

Auditor-General

25  June 2009