The assurance standard covering performance audits, ASAE 3500 Performance Engagements, remains on the AUASB’s work plan for revision to incorporate the changes to the umbrella standard ASAE 3000.
However, due to key staffing changes and the workload related to implementation of enhanced auditor reporting and other standards, they have not met the anticipated release of March 2016.
Practitioners should continue to incorporate the provisions of revised ASAE 3000 into their performance audit (and other assurance engagement) work.