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Exposure Draft Standard on Auditing 500 Audit Evidence
Introduction Scope of this SA 1. This Standard on Auditing (SA) explains what constitutes audit evidence in an audit of financial statements, and deals with the auditor’s responsibility to design and...
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Draft SA 450 Evaluation of Misstatements Identified during Audit
Exposure Draft of SA 450: Evaluation of Misstatements Identified during the Audit Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the auditor’s responsibility to evaluate th...
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Draft SA 402 Audit Considerations Relating to an Entity Using a Service Organisation
Exposure Draft of SA 402: Audit Considerations Relating to an Entity Using a Service Organisation Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the user auditor’s responsi...
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Exposure Draft of SA 330: Auditor’s Responses to Assessed Risks
Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the auditor’s responsibility to design and implement responses to the risks of material misstatement identified and assessed...
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Exposure Draft of SA 320: Materiality in Planning & Performing an Audit
Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the auditor’s responsibility to apply the concept of materiality in planning and performing an audit of financial SA 4501, ex...
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Draft of SA 315, Identifying & Assessing Risks of Material Misstatement through Understanding the Entity and Its Environment
Exposure Draft of SA 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment Introduction Scope of this SA 1. This Standard on Auditing (...
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Draft SA 299 Joint Audit of Financial Statements
Exposure Draft of SA 299 (Revised), Joint Audit of Financial Statements Introduction Scope of this SA 1. The practice of appointing more than one auditor to conduct the audit of large entities has bee...
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Draft SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance & Management
Exposure Draft of SA 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the...
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Draft SA 260 Revised Communication with Those Charged with Governance
Exposure Draft of SA 260(Revised): Communication with Those Charged with Governance Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the auditor’s responsibility to communica...
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Draft SA 250 Consideration of Laws & Regulations in Audit of Financial Statements
Exposure Draft of SA 250, Consideration of Laws and Regulations in an Audit of Financial Statements Introduction Scope of this SA 1. This Standard on Auditing (SA) deals with the auditor’s responsibil...
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The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
“Auditor’s Role in Detecting and Addressing Fraud: SA Guide” “Explore the auditor’s responsibilities in detecting and addressing fraud in financial statements. Understand fraud risk factors, preventio...
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Audit Documentation
“Effective Audit Documentation: Compliance and Best Practices” “Explore the essential aspects of audit documentation, its nature, purposes, and compliance requirements. Learn best practices for effect...
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Planning an Audit of Financial Statements
“Effective Audit Planning: A Comprehensive Guide to Auditor Responsibilities and Strategy” “Explore the essential aspects of audit planning with this guide. Learn about auditor responsibilities, effec...
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Agreeing the Terms of Audit Engagements
“Agreeing Audit Engagement Terms: A Comprehensive Guide” “Explore the importance of agreeing audit engagement terms, preconditions, responsibilities, and legal considerations. Learn from the comprehen...
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Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
“Understanding the Independent Auditor’s Objectives and Audit Conduct” “Explore the overall objectives of the independent auditor and the essential elements of conducting audits in accordance with aud...
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Quality Control for an Audit of Financial Statements
“Auditor Responsibilities and Quality Control in Financial Audits: A Comprehensive Guide” “Explore the Standard on Auditing (SA) focusing on auditor responsibilities and quality control procedures for...
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Exposure Draft of Standards on Auditing for Limited Liability Partnerships
Introduction: On November 22, 2023, the Institute of Chartered Accountants of India (ICAI) unveiled the Exposure Draft of Standards on Auditing for Limited Liability Partnerships (LLPs). This developm...
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MEF 2023-24 Application Window Open for 3 Days
Introduction: The Professional Development Committee of The Institute of Chartered Accountants of India has made a significant announcement on 17th November 2023. Acknowledging the challenges faced by...
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ICSI Guidelines: LLP Registration for CS Training in GIFT City
Introduction: The Institute of Company Secretaries of India (ICSI) is dedicated to achieving professional excellence. As a statutory body under an Act of Parliament, it operates under the jurisdiction...
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Exposure Draft of Lack of Exchangeability – Amendments to Ind AS 21
On the 1st of November, 2023, the Accounting Standards Board (ASB) of The Institute of Chartered Accountants of India (ICAI) released an Exposure Draft concerning amendments to Ind AS 21, titled “Lack...