(1) The Office of the Auditing and Assurance Standards Board is established.
(2) The Office of the AUASB consists of:
(a) the Chair of the AUASB; and
(b) the other members of the AUASB; and
(c) the staff of the Office of the AUASB.
Note: The Office of the AUASB does not have a legal identity separate from the Commonwealth.