Friday, July 10, 2015

New Standards on Auditing (SA’s) issued by AASB under the Clarity Project


SA
Title of Standard on Auditing
Applicability date
SQC 1

Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements
1 April,2009
200
(Revised)

Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing
1 April,2010
210
(Revised)
Agreeing the Terms of Audit Engagements.
1 April,2010
220
(Revised)
Quality Control for an Audit of Financial Statements
1 April,2010
230
(Revised)
Audit Documentation
1 April,2009
240
(Revised)
The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
1 April,2009
250
(Revised)
The Auditor’s Responsibilities Relating to Laws and Regulation in an Audit of Financial Statements
1 April,2009
260
(Revised)
Communication with Those Charged with
Governance
1 April,2009
265

Communicating Deficiencies in Internal
Control to Those Charged with Governance and Management
1 April,2010
300 (Revised)
Planning an Audit of Financial
Statements
1 April,2008
315

Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
1 April,2008
320
(Revised)
Materiality in Planning and Performing an Audit
1 April,2010
330
The Auditor’s Responses to Assessed
Risks
1 April,2008
402
(Revised)
Audit Considerations Relating to an Entity Using a Service Organisation
1 April,2010
450
Evaluation of Misstatements Identified during the Audit
1 April,2010
500
(Revised)
Audit Evidence
1 April,2009
501
(Revised)
Audit Evidence - Specific Considerations for Selected Items.
1 April,2010
505
(Revised)
External Confirmations
1 April,2010
510
(Revised)
Initial Audit Engagements—Opening
Balances
1 April,2010
520
(Revised)
Analytical Procedures
1 April,2010
530
(Revised)
Audit Sampling
1 April,2009
540
(Revised)
Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
1 April,2009
550
(Revised)
Related Parties
1 April,2010
560
(Revised)
Subsequent Events
1 April,2009
570
(Revised)
Going Concern
1 April,2009
580
(Revised)
Written Representations
 1 April, 2009
600
Special Considerations ― Audits of Group Financial Statements (Including the Work of Component Auditors)
Under the consideration of  the Board
610
(Revised)
Using the Work of Internal Auditors
1 April,2010
620
(Revised)
Using the Work of an Auditor’s Expert

1 April,2010
700
(Revised)
Forming an Opinion and Reporting on Financial Statements
1 April,2011
705
Modifications to the Opinion in the Independent Auditor’s Report
1 April,2011
706

Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
1 April,2011
710
(Revised)
Comparative Information – Corresponding Figures and Comparative Financial Statements

1 April,2011
720
Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements
1 April,2010
800
Special Considerations-Audits of Financial Statements Prepared in Accordance with Special Purpose Framework
1 April,2011
805

Special Considerations-Audits of Single Purpose Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
1 April,2011
810
Engagements to Report on Summary Financial Statements
1 April,2011
Follow Us on

No comments:

Post a Comment