Tag: Standard on Auditing
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 …
ICAI issues Audit Working Paper Templates The Auditing and Assurance Standards Board (AASB) of ICAI has issued a publication titled as “Audit Working Paper Templates”. This publication contains several templates for various type of audit working papers which are normally prepared by the auditors while conducting audit in …
ICAI issues Checklist on Standards on Auditing (SA) ICAI has issued a Checklist on Standards on Auditing. Till date ICAI has issued 38 Standards on Auditing. The “Checklist on Standards on Auditing” brought out by the Auditing and Assurance Standards Board of the ICAI covers all the 38 …
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 …
ICAI revised 2022 edition of Implementation Guide and FAQ to SA 230- Audit Documentation The Auditing and Assurance Standards Board of ICAI has issued revised 2022 edition of Implementation Guide to Standard on Auditing (SA) 230 Audit Documentation. brought out the revised edition of the Implementation Guide to …
ICAI Implementation Guide to Standard on Auditing (SA) 610 (Revised) Using the Work of Internal Auditors Under the provisions of the Companies Act 2013, it is mandatory for auditors of companies to comply with the Standards on Auditing (SAs) issued by the Institutes of Chartered Accountants of India …
ICAI has issued Revised Standard on Auditing SA-299 on Joint Audit of Financial Statements The practice of appointing more than one auditor to conduct the audit of large entities has been in vogue for a longtime which is sometimes voluntarily or sometimes due to the requirements of laws or …
Implementation Guide to Standard on Auditing (SA) 701-Communicating Key Audit Matters in the Independent Auditor’s Report The Auditing and Assurance Standards Board of The Institute of Chartered Accountants of India (ICAI) has brought out an Implementation Guide to Standard on Auditing (SA) 701-Communicating Key Audit Matters in the …
Revised Standard on Auditing SA-720. The Auditor’s Responsibilities Relating to Other Information ICAI has issued revised Standard on Auditing SA-720. The Standard on Auditing (SA) 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 …
