Auditing

ISA 600 (Revised) DEALS with special considerations that APPLY to group audits in particular those that involve component auditors. ISA 600 (Revised) – Introduction 1. Scope of this ISA ISA 600 deals with special considerations that apply to ‘group audits’. 2. Effective Date This ISA is EFFECTIVE for audits of … Read More

ISA 810 (Revised) DEALS with the auditor’s responsibilities RELATING to an engagement to report on ‘Summary Financial Statements’ derived from Financial Statements audited in accordance with ISAs by that same auditor. ISA 810 (Revised) – Introduction 1. Scope of this ISA It deals with the auditor’s responsibilities relating to an … 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. ISA 805 (Revised) – Introduction 1. Scope of this ISA It does NOT apply to the report … Read More

ISA 800 (Revised) DEALS with special considerations in the APPLICATION of (ISAs 100-700) to an audit of financial statements prepared in accordance with a ‘Special Purpose Framework’. ISA 800 (Revised) – Introduction 1. Scope of this ISA It is written in the context of a COMPLETE set of financial statements … Read More

ISA 720 (Revised) DEALS with the auditor’s responsibilities relating to other information, Whether financial or non-financial information (other than ‘Financial Statements‘ and the ‘Auditor’s Report‘ thereon) INCLUDED in an entity’s annual report. ISA 720 (Revised) – Introduction 1. Scope of this ISA It deals with the auditor’s responsibilities relating to … Read More

ISA 710 DEALS with the auditor’s responsibilities RELATING to comparative information in an ‘audit‘ of Financial Statements. ISA 710 – Introduction 1. Scope of this ISA It STATES that when the financial statements of the prior period have been audited by a predecessor auditor or were not audited, the requirements … Read More

ISA 706 (Revised) DEALS with additional communication in the auditor’s report when the auditor CONSIDERS it necessary to include (a) Emphasis of Matter Paragraph, AND (b) Other Matter Paragraph. ISA 706 (Revised) – Introduction 1. Scope of this ISA It deals with additional communication responsibilities in the auditor’s report. 2. … Read More

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 (Revised), the auditor concludes that a MODIFICATION to the auditor’s opinion on the Financial Statements is necessary. ISA 705 (Revised) – Introduction 1. Scope of … Read More

ISA 701 DEALS with the auditor’s responsibility to COMMUNICATE key audit matters in the auditor’s report. ISA 701 – Introduction 1. Scope of this ISA It applies to audits of ‘Complete Sets of General Purpose Financial Statements’ of LISTED entities and circumstances when the auditor otherwise decides to communicate key … Read More

ISA 700 (Revised) DEALS with the auditor’s responsibility to FORM an opinion on the financial statements. ISA 700 (Revised) – Introduction 1. Scope of this ISA It deals with the form and content of the auditor’s report issued as a result of an ‘audit’ of Financial Statements. 2. Effective Date … Read More