Australian National Audit Office Auditing Standards 2024 (Cth)

Australian National Audit Office Auditing Standards 2024

I, Grant Hehir, Auditor-General, make the following instrument.

Dated 9 January 2024

Grant Hehir Auditor-General

Name

1. This instrument is the Australian National Audit Office Auditing Standards 2024.

Commencement

2. This instrument commences as follows:

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/ Details The whole of this instrument Date of registration

Authority

3. As required by section 24 of the Auditor-General Act 1997 (the Act), I hereby set auditing standards that are to be complied with by persons performing any of the following functions: (a) an audit or review referred to in Division 1 (Annual financial statement audits), Division 1A (Annual performance statement audits), Division 2 (Performance audits) or Division 2A (Assurance reviews) of Part 4 of the Act;

(b) an audit under Division 2 of Part 7 of the Act (Audit of the Australian National Audit Office); and

(c) an audit under section 49 of the Public Governance, Performance and Accountability Act 2013 (audit of the annual consolidated financial statements of the Australian Government).

Definitions

4. In this instrument: ethics means the performance principle relating to the extent to which the proposed use of public resources is consistent with the core beliefs and values of society. Where a person behaves in an ethical manner it could be expected that a person in a similar situation would undertake a similar course of action. For the approval of proposed commitments of relevant money, an ethical use of resources involves managing conflicts of interests, and approving the commitment based on the facts without being influenced by personal bias. Ethical considerations must be balanced with whether the use will also be efficient, effective and economical.