Audit Guidance Statements (AGSs)


AGSs are issued to promote best practices and provide practical assistance to professional accountants in public practice.

Professional accountants in public practice should consider the applicability of AGSs to their engagements. A professional accountant in public practice who has not applied the guidance included in a relevant AGS should be prepared to explain how:

  • the requirements in the SSAs; or
  • the basic principles and essential audit procedures in other auditing standards, addressed by the AGS, have been compiled with.
AGSDescription Last Update Date
 PrefaceDownloadMay 2006
1Sample Independent Auditor’s ReportsDownloadJun 2022
1 Sample Independent Auditor’s Reports (superseded)DownloadMar 2022
1 Sample Independent Auditor’s Reports (superseded) DownloadJun 2021
2Verification of Debtor Balances – Confirmation by Direct Communication (Withdrawn on 6 October 2015)  
3Microfilm Records and their Audit Implications  (Withdrawn on 15 March 2010)  
4Existence and Valuation of Inventories in the Context of the Historical Cost SystemDownloadDec 2018
5Audits of Entities in Specific Industries, Professions or Vocations1DownloadNov 2015
6Bank Reports for Audit Purposes DownloadMay 2006
7Value for Money Auditing In a Statutory Board  (Withdrawn on 4 June 2015)  
8Reports on the Internal Control Procedures of Service Organisations (Withdrawn on 25 February 2015)
9Opinion on Receipts, Expenditure, Investment of Moneys and the Acquisition and Disposal of Assets by Statutory BoardsDownloadNov 2019
10Joint AuditsDownloadNov 2015
11Comfort Letters and Due Diligence MeetingsDownloadJun 2022
11Comfort Letters and Due Diligence MeetingsDownloadDec 2018
12Group Audits - Inaccessibility of Component Auditors’ Work Papers and Other ConsiderationsDownloadFeb 2020
13Data Analytics in a Financial Statements AuditDownloadAug 2021
  1. AGS 5 (Revised) is applicable with effect from 10 May 2014.

  2. Members should refer to SSAE 3402, Assurance Reports on Controls at a Service Organisation when issuing reports covering periods ending on or after 15 June 2012.