LeAccountant
ISA 330 standard is the property of IAASB and this summary is only for educational purposes. For some sections where summary may not give exact meaning, extracts of the standard are posted here. ISA 330 Definitions Definition on substantive procedure This standard defines substantive procedure as audit procedure that is designed to detect material misstatement […]
The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements ISA 240 – Fraud definition An intentional act by one or more individuals among management, those charged with governance, employees, or third parties, involving the use of deception to obtain an unjust or illegal advantage. ISA 240 – Fraud risk factors definition Events […]
Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment This standard is the property of IAASB and this summary is only for educational purposes. For some sections where summary may not give exact meaning, extracts of the standard are posted here. ISA 315 definitions ISA 315 Assertions definition Assertions […]
ISA 570 Going Concern – Effective date 15 December 2009 ISA 570 Going concern Requirements ISA 570 Scope ISA 570 deals with the auditor’s responsibilities in the audit of financial statements relating to management’s use of the going concern assumption in the preparation of the financial statements. ISA 570 Objective Under ISA 570 objective of auditor are: To […]
ISA 560 Subsequent events – Effective date 15 December 2009 ISA 560 Subsequent events Requirements ISA 560 Scope ISA 560 deals with the auditor’s responsibilities relating to subsequent events in an audit of financial statements. ISA 560 Objective Under ISA 560 objective of auditor are: To obtain sufficient appropriate audit evidence about whether events occurring between the date […]