AUDITING AND ASSURANCE STANDARDS

International Standards on Auditing (ISA) are professional standards for the performance of financial audit of financial information. These standards are issued by International Federation of Accountants (IFAC) through the International Auditing and Assurance Standards Board (IAASB).

100-999 Standards on Auditing (SAs)

100-199 Introductory Matters

200-299 General Principles and Responsibilities

• SA 200 (AAS 1), “Basic Principles Governing an Audit”
• SA 200A (AAS 2), “Objective and Scope of the Audit of Financial Statements”
• SA 210 (AAS 26), “Terms of Audit Engagement”
• SA 220 (AAS 17), “Quality Control for Audit Work”
• SA 230 (AAS 3), “Documentation”
• SA 240 (AAS 4), “The Auditor’s Responsibility to Consider Fraud and Error in an Audit of Financial Statements”
• SA 250 (AAS 21), “Consideration of Laws and Regulations in an Audit of Financial Statements”
• SA 260 (AAS 27), “Communications of Audit Matters with Those Charged with Governance”
• SA 299 (AAS 12), “Responsibility of Joint Auditors”

300-499 Risk Assessment and Response to Assessed Risks

• SA 300 (AAS 8), “Audit Planning”
• SA 310 (AAS 20), “Knowledge of the Business”
• SA 315 under the Clarity Project, “Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment”
• SA 320 (AAS 13), “Audit Materiality”
• SA 330 under the Clarity Project, “The Auditor’s Responses to Assessed Risks”
• SA 400 (AAS 6), “Risk Assessments and Internal Control”
• SA 401 (AAS 29), “Audit in a Computer Information Systems Environment”
• SA 402 (AAS 24), “Audit Considerations Relating to Entities Using Service Organizations”

500-599  Audit Evidence

• SA 500 (AAS 5), “Audit Evidence”
• SA 501 (AAS 34), “Audit Evidence – Additional Considerations for Specific Items”
• SA 505 (AAS 30), “External Confirmations”
• SA 510 (AAS 22), “Initial Engagements – Opening Balances”
• SA 520 (AAS 14), “Analytical Procedures”
• SA 530 (AAS 15), “Audit Sampling”
• SA 540 (AAS 18), “Auditing of Accounting Estimates”
• SA 550 (AAS 23), “Related Parties”
• SA 560 (AAS 19), “Subsequent Events”
• SA 570 (AAS 16), “Going Concern”
• SA 580 (AAS 11), “Representations by Management”

600-699 Using Work of Others

• SA 600 (AAS 10), “Using the Work of Another Auditor”
• SA 610 (AAS 7), “Relying Upon the Work of an Internal Auditor”
• SA 620 (AAS 9), “Using the Work of an Expert”

700-799 Audit Conclusions and Reporting

• SA 700 (AAS 28), “The Auditor’s Report on Financial Statements”
• SA 710 (AAS 25), “Comparatives”

800-899 Specialized Areas

2000-2699 Standards on Review Engagements (SREs)

• SRE 2400 (AAS 33), “Engagements to Review Financial Statements”

3000-3699 Standards on Assurance Engagements (SAEs)

3000-3399 Applicable to All Assurance Engagements

3400-3699 Subject Specific Standards

• SAE 3400 (AAS 35), “The Examination of Prospective Financial Information”

Related Services

4000-4699 Standards on Related Services (SRSs)

• SRS 4400 (AAS 32), “Engagements to Perform Agreed-upon Procedures Regarding Financial Information”
• SRS 4410 (AAS 31), “Engagements to Compile Financial Information”