SA 505: External Confirmations : The Standard deals with the auditor’s use of external confirmation procedures to obtain audit evidence in accordance with the requirements of SA 330. It also […]
Audit - 88. page
SA 510: Initial Audit Engagements – Opening Balances
SA 510: Initial Audit Engagements – Opening Balances The Standard establishes the principles regarding audit of opening balances in case of initial engagements, i.e., when the financial statements are audited […]
SA 500: Audit Evidence
SA 500: Audit Evidence This Standard is quite detailed in terms of audit evidence in an audit of financial statements, and deals with the auditor’s responsibility to design and perform […]
SA 501: Audit Evidence – Specific Considerations for Selected Items
SA 501: Audit Evidence – Specific Considerations for Selected Items The Standard deals with specific considerations by the auditor in obtaining sufficient appropriate audit evidence in accordance with SA 330, […]
SA 402: Materiality in Planning and Performing an Audit
SA 402: Materiality in Planning and Performing an Audit This Standard deals with the user auditor’s responsibility to obtain sufficient appropriate audit evidence when a user entity uses the services […]
SA 450: Evaluation of Misstatements Identified During the Audit This Standard on auditing deals with the auditor’s responsibility to evaluate the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements. This standard defines the terms “Misstatement” and “Uncorrected misstatements” and also deals with the aspects like accumulation of identified misstatements, consideration of identified misstatements as the audit progresses, communication and correction of misstatements, evaluating the effect of uncorrected misstatements, written representation and documentation.
SA 450: Evaluation of Misstatements Identified During the Audit This Standard on auditing deals with the auditor’s responsibility to evaluate the effect of identified misstatements on the audit and of […]
SA 300 (Revised): Planning an Audit of Financial Statements
SA 300 (Revised): Planning an Audit of Financial Statements This Standard deals with the auditor’s responsibility to plan an audit of financial statements. Planning an audit involves establishing the overall […]
SA 315: Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment-
SA 315: Identifying and Assessing the Risks of Material Misstatement Through Understanding the Entity and Its Environment- The Standard deals with the auditor’s responsibility to obtain an understanding of the […]
SA 320: Materiality in Planning and Performing an Audit
SA 320: Materiality in Planning and Performing an Audit This Standard deals with the auditor’s responsibility to apply the concept of materiality in planning and performing an audit of financial […]
SA 330: the Auditor’s Responses to Assessed Risks
SA 330: the Auditor’s Responses to Assessed Risks : This Standard on Auditing deals with the auditor’s responsibility to design and implement responses to the risks of material misstatement identified […]