ICAI Implementation Guide to Standard on Auditing (SA) 580 – Written Representations

ICAI has issued an Implementation Guide to Standard on Auditing (SA) 580 – Written Representations.

The Implementation Guide provide practical guidance on implementation of the Standard on Auditing (SA) 580 “Written Representations”. The Standard is effective for audits of financial statements for periods beginning on or after April 1, 2009.

Written representations are audit evidence that the auditor requires in connection with the audit of the entity’s financial statements

The Standard deals with the auditor’s responsibility to obtain written representations from management to support other audit evidence and to respond to written representations.

The Implementation Guide contains Introduction and Overview, Implementation Guidance, Illustrative Checklist and Appendices. Chapter 2 of the Implementation Guide contains detailed guidance on various aspects of SA 580 in a Question-Answer format. The Implementation Guide will enable auditors to comply with requirements of SA 580 effectively.

Download ICAI Implementation Guide to SA 580 Click Here >>

• Temporarily blocking public access to Telegram App not disproportionate – Delhi High Court
• High Court explains the meaning of term ‘enterprise’ appearing in section 80IA
• Addition deleted as assessee was only a carrier of cash not owner who came up to own it
• Lokayukta Police not exempt from disclosure of information under RTI Act 2005 – SC
• Payment of imprest whether a transfer within the meaning of section 269ST