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Audit Documentation Audit documentation – definition The record of audit procedures performed, relevant audit evidence obtained, and conclusions the auditor reached (terms such as “working papers” or “work papers” are also sometimes used). ISA 230 Scope ISA 230 deals with the auditor’s responsibility to prepare audit documentation for an audit of financial statements. Effective Date […]
Quality Control for an Audit of Financials ISA 220 Scope ISA 220 deals with the specific responsibilities of the auditor regarding quality control procedures for an audit of financial statements. It also addresses, where applicable, the responsibilities of the engagement quality control reviewer. This ISA is to be read in conjunction with relevant ethical requirements. […]
Agreeing the Terms of Audit Engagements ISA 210 Definitions Preconditions for an audit – definition The use by management of an acceptable financial reporting framework in the preparation of the financial statements and the agreement of management and, where appropriate, those charged with governance to the premise on which an audit is conducted. ISA 210 […]
Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing ISA 200 Scope “Para 1-09” ISA 200 deals with the independent auditor’s overall responsibilities when conducting an audit of financial statements in accordance with ISAs. Explains the scope, authority and structure of the ISAs. ISAs are written […]
Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements Scope of ISQC 1 Firm’s responsibilities for its system of quality control for audits and reviews of financial statements, and other assurance and related services engagements. Authority of this ISQC “Para 5-1” Applies to all firms […]