Day: April 3, 2021

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibility to issue an appropriate report in circumstances when, in forming an opinion in accordance with proposed ISA 700 (Revised),[1] the auditor concludes that a Read More …

Introduction The purpose of this International Standard on Auditing (ISA) is to establish standards and provide guidance additional to that contained in ISA 500, “Audit Evidence” with respect to certain specific financial statement account balances and other disclosures. Application of Read More …

Introduction This Framework defines and describes the elements and objectives of an assurance engagement, and identifies engagements to which International Standards on Auditing (ISAs), International Standards on Review Engagements (ISREs) and International Standards on Assurance Engagements (ISAEs) apply. It provides Read More …

Introduction The purpose of this International Standard on Assurance Engagements (ISAE) is to establish basic principles and essential procedures for, and to provide guidance to, professional accountants in public practice (for purposes of this ISAE referred to as “practitioners”) for Read More …

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibilities in agreeing the terms of the audit engagement with management and, where appropriate, those charged with governance. This includes establishing that certain preconditions for Read More …

Accounts payable Chartered Institute of Internal Auditors Accounts payable refers to money that an organisation owes to its creditors (ie outside individuals and other businesses) for goods and services provided. They are generally short-term obligations to pay a debt and Read More …