The Auditor-General Act 2009 requires us to set and table in parliament standards by which we perform our audits.
These standards, known as the Auditor-General Auditing Standards, require the adoption of standards issued by the Australian Auditing and Assurance Standards Board (AUASB) to the extent they are consistent with the requirements of the Auditor-General Act 2009.
The standards issued by the AUASB set out the basic principles and essential procedures to be applied in order to ensure that audits are planned and performed in a manner that will support the opinion or conclusion expressed by the auditor and comply with relevant ethical requirements.