International Standards on Auditing
ISA 260 (Revised) DEALS with the auditor’s responsibility to COMMUNICATE with those charged with governance in an ‘audit‘ of Financial Statements. ISA 260 (Revised) – Introduction 1. Scope of this ISA It does NOT establish requirements regarding the auditor’s communication with an entity’s management or owners unless they are also … Read More
ISA 250 DEALS with the auditor’s responsibility to CONSIDER laws and regulations in an ‘audit‘ of Financial Statements. ISA 250 – Introduction 1. Scope of this ISA It does NOT apply to other assurance engagements in which the auditor is specifically engaged to test and report separately on compliance with … Read More
ISA 240 (Redrafted) DEALS with the auditor’s responsibilities relating to FRAUD in an ‘audit‘ of Financial Statements. ISA 240 (Redrafted) – Introduction 1. Scope of this ISA ISA 240 EXPANDS on how ISA 315 and ISA 210 are to be applied in relation to risks of material misstatement due to … Read More
ISA 230 DEALS with the auditor’s responsibility to PREPARE audit documentation for an ‘audit‘ of Financial Statements. ISA 230 – Introduction 1. Scope of this ISA The specific documentation requirements of other ISAs do NOT limit the application of this ISA. Law or regulation may establish additional documentation requirements. 2. … Read More
ISA 220 (Revised) DEALS with the SPECIFIC responsibilities of the auditor regarding ‘Quality Management‘ for an audit of Financial Statements. ISA 220 (Revised) – Introduction 1. Scope of this ISA It also addresses where applicable the responsibilities of the ‘Engagement Quality Control Reviewer‘. This ISA is to be read in … Read More
ISA 210 DEALS with the auditor’s responsibilities in AGREEING the terms of the audit engagement with management and where appropriate those charged with governance. ISA 210 – Introduction 1. Scope of this ISA It deals with ESTABLISHING certain preconditions for an audit, responsibility for which rests with management and where … Read More
ISA 200 DEALS with the Independent Auditor’s overall responsibilities when conducting an ‘audit‘ of Financial Statements in accordance with ISAs. ISA 200 – Introduction 1. Scope of this ISA It sets out the OVERALL objectives of the Independent Auditor, and explains the Nature and Scope of an audit designed to … Read More