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 one or More service organizations. ISA 402 – Audit Considerations Relating to an Entity Using a Service Organization | Complete Guide International Standard on Auditing … Read More
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 330 – The Auditor’s Responses to Assessed Risks | Complete Guide International Standards on Auditing Standard: ISA 330 Issued by: IAASB Applies to: All Audits … 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 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 701 DEALS with the auditor’s responsibility to COMMUNICATE ‘Key Audit Matter(s)’ in the auditor’s report. ISA 701 – Introduction 1. Scope of this ISA It applies to Audits of ‘Complete Set(s) of General Purpose Financial Statements’ of LISTED entitie(s) 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
ISA 620 (Revised) DEALS with the auditor’s responsibilities RELATING to the work of an individual or organization in a field of expertise OTHER than accounting or auditing, when that work is used to assist the ‘Auditor’ in obtaining sufficient appropriate audit evidence. ISA 620 (Revised) – Introduction 1. Scope of … Read More