Day: April 3, 2021

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibility to request written representations, and the auditor’s actions when relevant parties do not provide the requested written representations, or when the auditor concludes that Read More …

Introduction The purpose of this International Standard on Auditing (ISA) is to establish standards and to provide guidance on obtaining an understanding of the entity and its environment, including its internal control, and on assessing the risks of material misstatement Read More …

Introduction Scope of this ISA This International Standard on Auditing (ISA) 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 Read More …

INTRODUCTION   Professional standards and guidelines are essential for the credibility, quality and professionalism of public-sector auditing. The International Standards of Supreme Audit Institutions (ISSAIs) developed by the International Organisation of Supreme Audit Institutions (INTOSAI) aim to promote independent and Read More …

EXPLORING ISSUES TO DETERMINE A WAY FORWARD                     I.      Background The term non-assurance services is used throughout the Code when referring to engagements that do not meet the definition of an assurance engagement. An assurance engagement is an engagement Read More …

INTRODUCTION INTOSAI’s fundamental auditing principles recognise that due to the differing approaches and structures of Supreme Audit Institutions (SAIs), not all auditing standards apply to all aspects of their work[1]. Furthermore, on the basis of the terms of the audit Read More …

Introduction The purpose of this International Standard on Review Engagements (ISRE) is to establish standards and provide guidance on the practitioner’s professional responsibilities when a practitioner, who is not the auditor of an entity, undertakes an engagement to review financial Read More …

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibility to form an opinion on the financial statements. It also deals with the form and content of the auditor’s report issued as a result Read More …

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibilities relating to the work of an individual or organization in a field of expertise other than accounting or auditing, when that work is used Read More …

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibility to identify and assess the risks of material misstatement in the financial statements, through understanding the entity and its environment, including the entity’s internal Read More …