Australian auditing standards (ASAs) issued by the Australian Auditing and Assurance Standards Board (AUASB) contain:
A)the effective date of the standard.
B)references to the enforcement provisions of the Corporations Act 2001.
C)the penalties for non-compliance with the standard.
D)specific audit procedures to meet the requirements of the standard.

Question

Quizplus · Accepted Answer

Australian auditing standards (ASAs) include the effective date of the standard, which indicates when the standard is to be applied.

Australian Auditing Standards (ASAs) Issued by the Australian Auditing and Assurance