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

ISA 501 – Audit Evidence (Specific Considerations for Selected Items) deals with specific considerations by the auditor in obtaining sufficient appropriate audit evidence in accordance with ISA 330, ISA 500 and other relevant ISAs with respect to certain aspects of ‘Inventory‘, ‘Litigation and Claims‘ involving the entity and ‘Segment Information‘ … Read More

ISA 530 – Audit Sampling applies when the auditor has decided to use “audit sampling” in performing audit procedures. Last Updated – April, 2026 Home › Audit › ISA 530 International Standard on Auditing ISA 530Audit Sampling A practitioner-level guide covering sample design, size determination, selection methods, projecting misstatements, and … Read More

ISA 705 (Revised) – Modifications to the Opinion in the Independent Auditor’s Report 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 … Read More

ISA 700 (Revised) – Forming an Opinion and Reporting on Financial Statements deals with the auditor’s responsibility to ‘form an opinion’ on the financial statements. Last Updated – April, 2026 International Standards on Auditing  ·  IAASB ISA 700Forming an Opinion & Reportingon Financial Statements A definitive guide to the International … Read More

ISA 320 (Revised) – Materiality in Planning and Performing an Audit deals with the auditor’s responsibility to apply the concept of materiality in planning and performing an ‘audit‘ of financial statements. For complete understanding of the planning phase, here’s the detailed guidance on ISA 300 – Planning an Audit of … Read More