ASA 530 Audit sampling – Effective date 1 July 2006 ISA 530 Audit Sampling Requirements ASA 530 requires auditor to; consider the purpose of the audit procedure and the characteristics of the population from which the sample will be drawn; determine a sample size sufficient to reduce sampling risk to an acceptably low level; select […]
Author: Azmat Ullah, ACA
ISA 530 Audit sampling – Effective date 15 December 2009 ISA 530 Audit Sampling Requirements ISA 530 requires auditor to; consider the purpose of the audit procedure and the characteristics of the population from which the sample will be drawn; determine a sample size sufficient to reduce sampling risk to an acceptably low level; select […]
ASA 520 Summary Analytical procedures ASA 520 definitions Analytical procedures – definition Means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by […]
ISA 520 Summary Analytical procedures ISA 520 definitions Analytical procedures – definition Means evaluations of financial information through analysis of plausible relationships among both financial and non-financial data. Analytical procedures also encompass such investigation as is necessary of identified fluctuations or relationships that are inconsistent with other relevant information or that differ from expected values by […]
ASA 500 Summary Audit Evidence ASA 500 definitions Accounting records – definition The records of initial accounting entries and supporting records, such as checks and records of electronic fund transfers; invoices; contracts; the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and records […]