IFRS 3 – Business Combinations
The ‘OBJECTIVE’ of IFRS 3 is to Improve the relevance, reliability and comparability of the information that a reporting entity provides in its ‘Financial Statements’ … Read More
IFRS 2: Share-based Payment
The ‘OBJECTIVE’ of IFRS 2 is to Specify the ‘financial reporting’ by an entity when it undertakes a share‑based payment transaction. In particular, it requires … Read More
IFRS 1: First-time Adoption of International Financial Reporting Standards
The ‘OBJECTIVE’ of IFRS 1 is to Ensure that an Entity’s first IFRS financial statements, and its Interim financial reports for part of the period … Read More
ISA 805 (Revised) – Special Considerations: Audits of Single Financial Statements and Specific Elements, Accounts Or Items of a Financial Statement
ISA 805 (Revised) DEALS with Special Considerations in the APPLICATION of ISAs 100-700 to an audit of a ‘Single Financial Statement’ or of a ‘Specific … Read More
ISA 505 – External Confirmations
ISA 505 (Revised) DEALS with the auditor’s use of external confirmation procedures to OBTAIN audit evidence in accordance with the Requirements of ISA 330 and … Read More
ISA 260 (Revised) – Communication With Those Charged With Governance
ISA 260 (Revised) DEALS with the auditor’s responsibility to COMMUNICATE with those charged with governance in an ‘Audit‘ of Financial Statements. ISA 260 – Communication … Read More
ISA 402 – Audit Considerations Relating to an Entity Using a Service Organization
ISA 402 (Revised and Redrafted) DEALS with the user auditor’s responsibility to obtain SUFFICIENT appropriate audit evidence when a ‘User Entity’ uses the services of … Read More
ISA 330 – The Auditor’s Responses to Assessed Risks
ISA 330 DEALS with the auditor’s responsibility to DESIGN and IMPLEMENT responses to the risks of Material Misstatement identified and assessed by the ‘Auditor‘. ISA … Read More
ISA 510 – Initial Audit Engagements: Opening Balances
ISA 510 DEALS with the Auditor’s responsibilities RELATING to Opening Balances in an ‘Initial Audit Engagement’. ISA 510 – Initial Audit Engagements and Opening Balances: … Read More
ISA 705 (Revised) – Modifications to the Opinion In the Independent Auditor’s Report
ISA 705 (Revised) DEALS with the auditor’s responsibility to ISSUE an appropriate report in circumstances when in forming an opinion in accordance with ISA 700 … Read More