Compliance Engagements Standard Revised

The New Zealand Auditing and Assurance Standards Board (NZAuASB) has revised Standard on Assurance Engagements (SAE) 3100 Compliance Engagements. 

SAE 3100 (Revised) applies to assurance practitioners undertaking assurance engagements to report on an entity’s compliance with requirements established in legislation or regulations, agreements, contracts or similar, or which are internally imposed by the entity. The revised standard:

  • applies to reasonable and limited assurance engagements, as well as attestation and direct engagements;
  • provides a clearer objective, more detailed requirements on how to scope, conduct and report on a compliance engagement as well as application material to assist the practitioner apply the requirements;
  • incorporates revisions made to ISAE (NZ) 3000 (Revised), the overarching assurance standard applicable to assurance engagements other than audits or reviews of historical financial information;
  • provides example engagement letters, representation letters and assurance reports for compliance engagements covering a variety of circumstances.

The Standard has been revised as a joint project with the Australian Auditing and Assurance Standards Board (AUASB) to assist practitioners when conducting compliance engagements. 

SAE 3100 (Revised) is a domestic standard and there is no international equivalent standard.

The Revised Standard is effective for assurance engagements commencing on or after 1 January 2018, with early adoption permitted. It will supersede the extant SAE 3100 once it is effective.

View the revised standard