Treasury & financeAgencyExists today
Auditing and Assurance Standards Board
AUASB · Office of the Auditing and Assurance Standards Board
1 July 2004 – present
Independent standard-setter that makes the auditing and assurance standards used by Australian auditors; its staff make up the Office of the AUASB.
How it came into existence
Made a Commonwealth statutory body on 1 July 2004 under the Australian Securities and Investments Commission Act 2001 by the CLERP 9 reforms, replacing a board of the same name run by the accounting profession's Australian Accounting Research Foundation.
Legislation: Australian Securities and Investments Commission Act 2001 Part 12
Changes during its life
- 1 July 2006Its auditing standards gained legal force as legislative instruments under the Corporations Act 2001.
Main functions
- Making auditing standards under the Corporations Act
- Developing assurance standards and guidance
- Contributing to international auditing standards
Where it sits
In the portfolio of Department of the Treasury.
- Type of body
- Non-corporate Commonwealth entity
- Portfolio
- Treasury
- Accountable authority
- Chair of the Auditing and Assurance Standards Board – Public Governance, Performance and Accountability Rule 2014 schedule 1 item 16(b)
- ABN
- 80 959 780 601
Lineage
Loading lineage…
Sources
Primary sources
- List of Commonwealth entities and companies under the PGPA Act, 1 July 2026 (Department of Finance) (as Office of the Auditing and Assurance Standards Board (AUASB))
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 11 December 2014 to the latest release (30 June 2026))