ICAI issues revised SA 800 (Revised), SA 805 (Revised), SA 810 (Revised)
Standards on Auditing prescribe the detailed auditing framework for conducting audits of financial statements of various entities. These Standards contain various audit requirements and related application guidance to explain these requirements. Auditors need to comply with all the relevant requirements of all the applicable Standards on Auditing in their audit engagements.
The Institute of Chartered Accountants of India (ICAI) has issued the following revised Standards on Auditing (SAs):
| 1. | SA 800(Revised), “Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks” | Click here to download >> |
| SA 805(Revised), “Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement” | Click here to download >> | |
| SA 810(Revised), “Engagements to Report on Summary Financial Statements” | Click here to downloas >> |
These revised Standards will be applicable to audits/engagements for financial years beginning on or after 1st April 2024 i.e., these Standards will be applicable to audits/engagements for the financial year 2024-25 and onwards.
The extant SA 800, SA 805, SA 810 will continue to apply till audits/engagements for the financial year 2023-24. Extant SA 800, SA 805, SA 810 are available on ICAI’s website at the following link:
https://www.icai.org/Resources.html?mod=7
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