This page is intended to provide easy to understand summaries of International Auditing Standards termed as (ISA ~ International Standard of auditing). All standards issued by International Auditing and Assurance Standards Board (IAASB) are property of IAASB. This page is solely intended for education purposes. ” Kindly refer our terms and conditions for further details.
The International Auditing and Assurance Standards Board®(IAASB®) is an independent standard-setting body that serves the public interest by setting high-quality international standards for auditing, assurance, and other related standards, and by facilitating the convergence of international and national auditing and assurance standards. In doing so, the IAASB enhances the quality and consistency of practice throughout the world and strengthens public confidence in the global auditing and assurance profession.
| Standards (ISAs) | Summary | Original standards |
| International Standard on Quality Control (ISQC) 1, Quality Controls for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements | ISQC 1 Summary | ISQC 1 |
| ISA 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing | ISA 200 Summary | ISA 200 |
| ISA 210, Agreeing the Terms of Audit Engagements | ISA 210 Summary | ISA 210 |
| ISA 220, Quality Control for an Audit of Financial Statements | ISA 220 Summary | ISA 220 |
| ISA 230, Audit Documentation | ISA 230 Summary | ISA 230 |
| ISA 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements | ISA 240 Summary | ISA 240 |
| ISA 250, Consideration of Laws and Regulations in an Audit of Financial Statements | ISA 250 Summary | ISA 250 |
| ISA 260, Communication with Those Charged with Governance | ISA 260 Summary | ISA 260 |
| ISA 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management | ISA 265 Summary | ISA 265 |
| ISA 300, Planning an Audit of Financial Statements | ISA 300 Summary | ISA 300 |
| ISA 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment | ISA 315 Summary | ISA 315 |
| ISA 320, Materiality in Planning and Performing an Audit | ISA 320 Summary | ISA 320 |
| ISA 330, The Auditor’s Responses to Assessed Risks | ISA 330 Summary | ISA 330 |
| ISA 402, Audit Considerations Relating to an Entity Using a Service Organization | ISA 402 Summary | ISA 402 |
| ISA 450, Evaluation of Misstatements Identified during the Audit | ISA 450 Summary | ISA 450 |
| ISA 500, Audit Evidence | ISA 500 Summary | ISA 500 |
| ISA 501, Audit Evidence-Specific Considerations for Selected Items | ISA 501 Summary | ISA 501 |
| ISA 505, External Confirmations | ISA 505 Summary | ISA 505 |
| ISA 510, Initial Audit Engagements-Opening Balances | ISA 510 Summary | ISA 510 |
| ISA 520, Analytical Procedures | ISA 520 Summary | ISA 520 |
| ISA 530, Audit Sampling | ISA 530 Summary | ISA 530 |
| ISA 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures | ISA 540 Summary | ISA 540 |
| ISA 550, Related Parties | ISA 550 Summary | ISA 550 |
| ISA 560, Subsequent Events | ISA 560 Summary | ISA 560 |
| ISA 570, Going Concern | ISA 570 Summary | ISA 570 |
| ISA 580, Written Representations | ISA 580 Summary | ISA 580 |
| ISA 600, Special Considerations-Audits of Group Financial Statements (Including the Work of Component Auditors) | ISA 600 Summary | ISA 600 |
| ISA 610, Using the Work of Internal Auditors | ISA 610 Summary | ISA 610 |
| ISA 620, Using the Work of an Auditor’s Expert | ISA 620 Summary | ISA 620 |
| ISA 700, Forming an Opinion and Reporting on Financial Statements | ISA 700 Summary | ISA 700 |
| ISA 705, Modifications to the Opinion in the Independent Auditor’s Report | ISA 705 Summary | ISA 705 |
| ISA 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report | ISA 706 Summary | ISA 706 |
| ISA 710, Comparative Information-Corresponding Figures and Comparative Financial Statements | ISA 710 Summary | ISA 710 |
| ISA 720, The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements | ISA 720 Summary | ISA 720 |
| ISA 800, Special Considerations-Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks | ISA 800 Summary | ISA 800 |
| ISA 805, Special Considerations-Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement | ISA 805 Summary | ISA 805 |
| ISA 810, Engagements to Report on Summary Financial Statements | ISA 810 Summary | ISA 810 |