Jhanzayb (ACA)

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 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 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

ISA 610 (Revised) DEALS with the external auditor’s responsibilities if USING the work of internal auditors. ISA 610 (Revised) – Introduction 1. Scope of this ISA As per ISA 610, the responsibilities INCLUDE (a) Using the work of the internal audit function in obtaining Audit Evidence and (b) Using internal … Read More

ISA 580 (Revised and Redrafted) DEALS with the auditor’s responsibility to OBTAIN Written Representations from Management and where appropriate, those charged with governance in an ‘Audit‘ of Financial Statements. ISA 580 (Revised and Redrafted) – Introduction 1. Scope of this ISA It deals with the Auditor’s Responsibility to obtain ‘Written … Read More

ISA 570 (Revised) DEALS with the auditor’s responsibilities in the ‘Audit‘ of Financial Statements RELATING to going concern and the Implications for the auditor’s report. ISA 570 (Revised) – Introduction 1. Scope of this ISA It deals with the Auditor’s responsibilities in the audit of financial statements Relating to going … Read More

ISA 560 (Redrafted) DEALS with the auditor’s responsibilities RELATING to subsequent events in an ‘Audit‘ of Financial Statements. ISA 560 (Redrafted) – Introduction 1. Scope of this ISA It does NOT deal with Matters relating to the auditor’s responsibilities for ‘Other Information’ obtained after the date of the auditor’s report … Read More