Description
The Australian Prudential Regulation Authority (APRA) has published updates on prudential standard SPS 310, following consultation, Q1/22 (please see EventID #13969).
Updates are minor and include the following:
- APRA has considered feedback regarding timing, the commencement will be delayed.
- No changes to audit requirements for the 2022 financial year.
- SPS 310 will be further refined in later in 2022, and the new requirements will apply to audits in 2023
- APRA is considering all the other feedback received and will provide further updates