Jhanzayb (ACA)
ISA 402 – Audit Considerations Relating to an Entity Using a Service Organization 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. Last Updated – May, 2026 International Standard on Auditing ISA 402 – … Read More
IFRS 15 – Revenue from Contracts with Customers promulgated by the International Accounting Standards Board (IASB) provides guidance on accounting for ‘Revenue from Contracts with Customers’. It was adopted in 2014 and became effective in January 2018. Last Updated – May, 2026 IFRS Standard · Revenue Recognition IFRS 15 – … Read More
ISA 210 – Agreeing the Terms of Audit Engagements deals with the auditor’s responsibilities in agreeing the terms of the audit engagement with management and where appropriate those charged with governance. Last Updated – May, 2026 International Standard on Auditing ISA 210 Agreeing the Terms of Audit Engagements A practitioner’s … Read More
ISA 450 – Evaluation of Misstatements Identified during the Audit deals with the auditor’s responsibility to evaluate the effect of identified misstatements on the ‘audit’ and of uncorrected misstatements on the financial statements. Last Updated – April, 2026 Entrepreneurial Hub Home Audit ISA 450 International Standard on Auditing ISA 450 … Read More
IAS 23 – Borrowing Costs requires that borrowing costs directly attributable to the acquisition, construction or production of a ‘qualifying asset’ (one that necessarily takes a substantial period of time to get ready for its intended use or sale) are included in the cost of the asset. Other borrowing costs … Read More
ISA 230 – Audit Documentation deals with the auditor’s responsibility to prepare audit documentation for an ‘audit‘ of financial statements. Last Updated – April, 2026 IAASB · International Standard on Auditing ISA 230 – Audit Documentation A complete reference guide to the auditor’s responsibilities for preparing, assembling, and retaining audit … Read More
ISA 505 – External Confirmations deals with the auditor’s use of external confirmation procedures to obtain audit evidence in accordance with the requirements of ISA 330 (The Auditor’s Responses to Assessed Risks) and ISA 500 (Audit Evidence). Last Updated – April, 2026 Home Audit ISA 505 International Standard on Auditing … Read More
ISA 800 (Revised) – Special Considerations (Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks) 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’. Last Updated – April, 2026 ENTREPRENEURIAL HUB International Standard … Read More
ISA 570 (Revised 2024) – Going Concern deals with the auditor’s responsibilities in the ‘audit‘ of financial statements relating to going concern and the implications for the auditor’s report. Last Updated – April, 2026 IAASB International Standard on Auditing ISA 570 – Going Concern Updated 2024 Revision 📅 Effective: December … Read More
ISA 510 – Initial Audit Engagements (Opening Balances) deals with the auditor’s responsibilities relating to opening balances in an ‘initial audit engagement’. Last Updated – April, 2026 Home › Audit › ISA 510 International Standard on Auditing ISA 510 – Initial Audit Engagements: Opening Balances A comprehensive, authoritative reference for … Read More