Escolar Documentos
Profissional Documentos
Cultura Documentos
INTRODUCTORY TABLE:
STANDARDS ON AUDIT (SA) [In comparison with Auditing and assurance standards
(AAS)]:
Auditing and
Standards on
assurance Particulars
Audit (SA)
standards (AAS)
100 – 199 Introductory matters
200 – 299 General principles and responsibilities
200 1 Basic principles governing an audit
200A 2 Objectives and scope of auditing financial statements
210 26 Terms of audit engagement
220 17 Quality control of audit work
230 3 Audit documentation
The auditor’s responsibility to consider fraud and
240 4
error on the audit of financial statements
Consideration of laws and regulations in an audit of
250 21
financial statements
Communication of audit matters of those charged
260 27
with governance
Communicating deficiencies in internal control to
265
those charged with governance and management
299 12 Responsibility of joint auditors
1
For “R.N.Bishnoi & Associates”.
Auditing and
Standards on
assurance Particulars
Audit (SA)
standards (AAS)
300 – 499 Risk assessment and response to assessed risks
300 8 Planning an audit of financial statements
Indentifying and assessing the risk of material
315 misstatement through understanding the entity and
its environment
320 13 Audit materiality
2
For “R.N.Bishnoi & Associates”.
Auditing and
Standards on
assurance Particulars
Audit (SA)
standards (AAS)
The examination of prospective financial
3400 35
information
4000 – 4699 Standards on related services
4410 31 Engagements to compile financial information
Engagements to perform agreed upon procedures
4400 32
regarding financial information
Particulars Observation
SA 200 : Basic principles governing an audit
Independence
Confidentiality
Work performed by
others
Documentation
Planning
Audit evidence
Accounting system
Internal control
Audit conclusions
SA 200A : Objectives and scope of auditing financial statements
Nature of evidence
Internal control
Test checking
Judgment
SA 500 : Audit evidence
Sufficiency
Appropriateness
Type of evidence
Reliability of the
evidence
Procedures in obtaining
Both compliance and substantive procedures have been adopted
the audit evidence
Method of obtaining the Inspection, observation, inquiry, conformation, computation and
audit evidence analytical review
Inspection for
Observation for
3
For “R.N.Bishnoi & Associates”.
Inquiry for
Conformation for
Computation for
Analytical review for
SA 320 : Audit materiality
Misstatements
Effect of misstatements
on Balance sheet
SA 300 : Audit planning
Terms of engagement, statutory responsibilities, statutory and legal
Coverage
requirements, materiality, internal control, etc
THE BASIC RESPONSIBILITIES OF THE MANAGEMENT ARE ABSOLUTE AND CANNOT BE REDUCED
BY ANY AUDIT.
4
For “R.N.Bishnoi & Associates”.