The Objective of IFRS 14 is to specify the financial reporting requirements for ‘Regulatory Deferral Account Balances‘ that arise when an entity provides goods or services to customers at a price or rate that is subject to rate regulation. IASB International Financial Reporting Standard IFRS Standard 14 Contents Overview Scope … Read More
ISA 700 (Revised) DEALS with the auditor’s responsibility to FORM an opinion on the Financial Statements. International Standards on Auditing · IAASB Standard: ISA 700 (Revised) Issued by: IAASB Effective: 2016 onwards Updated: March 2026 Contents What Is ISA 700? Objective & Scope Key Requirements Types of Audit Opinion Audit … Read More
IFRS 13: IFRS Standard · IASB Effective Since 1 Jan 2013 Issued By IASB Updated March 2025 Overview Objective Fair Value Hierarchy Key Principles Measurement Process Disclosures Scope FAQ What is IFRS 13? IFRS 13 Fair Value Measurement is an International Financial Reporting Standard issued by the International Accounting Standards … Read More
ISA 600 (Revised) DEALS with Special Considerations that APPLY to group audits in particular those that involve ‘Component Auditors‘. International Standard on Auditing 600 ISA Standard Issued by IAASB Standard Type ISA Coverage Group Audits Applies to All Group Financial Statements Contents Overview Quick Facts Key Definitions Scope Key Parties … Read More
The Objective of IFRS 12 is to require an entity to ‘Disclose‘ information thatenables users of its financial statements to evaluate: IASB International Financial Reporting Standard Effective: Jan 2013 Issued by IASB Contents 01Overview & Background 02Objective of IFRS 12 03Scope & Exclusions 04Key Definitions 05Disclosures – Subsidiaries 06Joint Arrangements … Read More
ISA 500 (Revised) EXPLAINS what constitutes Audit Evidence in an ‘Audit‘ of Financial Statements and DEALS with the auditor’s responsibility to DESIGN and PERFORM audit procedures to obtain sufficient appropriate audit evidence. International Standards on Auditing IAASB Standard Issued by: IAASB Effective: Global Adoption Topic: Audit Evidence Replaces: ISA 500 … Read More
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 Element’, ‘Account’ or ‘Item’ of a Financial Statement. International Standards on Auditing 📋 IAASB Standard 🔄 Revised & Effective 2010 📌 Global Application ✦ … Read More
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 ISA 500. International Standard on Auditing Standard ISA 505 Issued By IAASB / IFAC Topic External Confirmations Applies To Financial Statement Audits Table of Contents … Read More
The objective of IFRS 11 is to establish principles for ‘Financial Reporting’ byentities that have an interest in arrangements that are controlled jointly(i.e. Joint Arrangements). International Financial Reporting Standards Effective from 1 January 2013 Replaces IAS 31 Last Updated Feb 2025 Overview Scope Types Classification Accounting Disclosures vs IAS 31 … Read More
ISA 260 (Revised) DEALS with the auditor’s responsibility to COMMUNICATE with those charged with governance in an ‘Audit‘ of Financial Statements. International Standard on Auditing Issued By IAASB (IFAC) Revised 2016 (Revised) Applies To All Audits of Financial Statements Related Standards ISA 265, ISA 700, ISA 705 Contents Overview Objectives … Read More