AUASB Repeal of Superseded Auditing Standards 2020 (Cth)

AUASB Repeal of Superseded Auditing Standards 2020

I, Professor Roger Simnett AO, Chair of the Auditing and Assurance Standards Boards, make the following legislative instrument.

Dated 11 November 2020

Professor Roger Simnett AO Chair – AUASB

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Repeal of redundant instruments Schedule 1—Repeal of redundant instruments

Part 1—Preliminary

1 Name This instrument is the AUASB Repeal of Superseded Auditing Standards 2020.

2 Commencement This instrument commences on the day after it is registered.

3 Authority This instrument is made pursuant to section 227B of the Australian Securities and Investments Commission Act 2001 and section 336 of the Corporations Act 2001.

4 Repeal of superseded instruments (1) Each instrument that is specified in Column 1 of the table in Schedule 1 is repealed. (2) Despite the repeal, each instrument in Column 1 continues to apply in relation to any period ending before the period in relation to which the corresponding instrument in Column 2 started to apply under subsection 336(3) of the Corporations Act 2001, as if the repeal had not occurred.

Schedule 1—Repeal of redundant instruments

Item Column 1 Note Column 2 Note Instrument name and series number (if any) FRL Identifier Instrument name and series number (if any) FRL Identifier 1. ASA 100 - Preamble to AUASB Standards - April 2006 F2006L01321 ASA 101 - Preamble to Australian Auditing Standards - October 2009 F2009L04062 2. ASA 102 - Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements - October 2009 F2009L04059 Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (reissued March 2018) F2018L00434 3. Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (reissued March 2018) F2018L00434 Auditing Standard ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements (reissued December 2019) F2019L01673 4. ASA 200 - Objective and General Principles Governing an Audit of a Financial Report - April 2006 F2006L01360 ASA 200 - F2009L04064 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Australian Auditing Standards - October 2009 5. ASA 210 - Terms of Audit Engagements - April 2006 F2006L01364 ASA 210 - Agreeing the Terms of Audit Engagements - October 2009 F2009L04078