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Conforming amendments to the AGSs have been made arising from SSA 600 (Revised) Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors), which is effective for periods beginning on or after 15 December 2023 (i.e. auditor’s reports for financial year ended on or after 15 December 2024).
The conforming amendments are made to:
- reflect enhanced requirements for group audits under the auditor’s responsibilities section of illustrative auditor’s reports across the AGSs
- update group audit requirements under AGS 12 Group Audits - Inaccessibility of Component Auditors’ Work Papers and Other Considerations
The following AGSs have been updated:
- AGS 1, Sample Independent Auditor’s Reports
- AGS 5, Audits of Entities in Specific Industries, Professions or Vocations
- AGS 9, Opinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory Boards
- AGS 10, Joint Audits
- AGS 12, Group Audits - Inaccessibility of Component Auditors’ Work Papers and Other Considerations
Click here for the updated AGSs and here for a summary of the conforming amendments.