ISA Archives - AUDITHOW

ISA 220: Quality Control for an Audit of Financial Statements

International Standard on Auditing (ISA) 220, Quality Control for an Audit of Financial Statements, is an important standard issued by the International Auditing and Assurance Standards Board (IAASB). This standard guides the auditor in implementing and maintaining a quality control system for auditing financial statements. The objective of ISA 220 is to establish requirements and […]

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A Technical Guide to International Standards on Auditing for Less Complex Entities (ISAs for LCEs)

Audit and Assurance, ISA

The International Standards on Auditing (ISAs) provide a framework of principles and guidance for conducting audits in a consistent and effective manner. While the ISAs were designed to be applied to all types of audits, they can be challenging to apply to audits of Less Complex Entities (LCEs). This is because LCEs are typically smaller

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Nature and Purposes of Audit Documentation under ISA 230

Audit and Assurance, ISA

Audit documentation is an important aspect of the audit process and supports the auditor’s conclusions and decisions. The International Standard on Auditing (ISA) 230, Audit Documentation, guides the nature and purposes of audit documentation. Nature of Audit Documentation Audit documentation is a record of the audit work performed and the evidence obtained during an audit.

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International Standard On Auditing (ISA) 315 (Revised 2019) – Identifying And Assessing The Risks Of Material Misstatement

ISA

The International Standard on Auditing (ISA) 315, revised in 2019, outlines the requirements for auditors to identify and assess the risks of material misstatement in a financial statement audit. This standard is an important part of the auditing process as it helps auditors to focus their efforts on the areas of the financial statements that

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