Upload File

auditing and assurance standards

13
Auditing and Assurance Standards By: Roshan Samuel III B’Com “B”

Upload: augustin-amaldas

Post on 14-Jan-2015

12.108 views

Category:

Business


2 download

Report

DESCRIPTION

Auditing And Assurance Standards

TRANSCRIPT

Page 1: Auditing And Assurance Standards

Auditing and Assurance Standards

By:Roshan SamuelIII B’Com “B”

Page 2: Auditing And Assurance Standards

AAS 19 – Subsequent Events

The purpose of the AAS is to establish standards on the auditor’s responsibility regarding subsequent events.

The AAS – 19 states that:

“The auditor should consider the effect of subsequent events on the financial statements and on the Auditor’s Report.”

Page 3: Auditing And Assurance Standards

Subsequent Events

It refers to significant events occurring

between the Balance Sheet date and the date

of the Auditor’s Report.

Page 4: Auditing And Assurance Standards

Auditor’s Procedures

Reviewing management procedures

Reading minutes of meetings of shareholders, BOD held

after BS date

Reading entities latest available interim financial

statements

Inquiring or extending previous written or oral inquiries

with company lawyers

Inquiring with management of any subsequent events.

Page 5: Auditing And Assurance Standards

Conclusion

When auditor is aware of subsequent events

which materially affect the financial

statements, he should consider whether the

effect has been accounted for in the

financial statements.

Page 6: Auditing And Assurance Standards

Effective For

All audits commencing on or after 1st

April 2000

Page 7: Auditing And Assurance Standards

AAS 34 - Audit Evidence - Additional

Considerations for Specific Items

The purpose of this AAS is to establish standards on the auditor's responsibilities, procedures and provide additional guidance to that contained in AAS 5, "Audit Evidence", with respect to certain specific financial statement amounts and other disclosures.

Page 8: Auditing And Assurance Standards

Components of AAS – 34

Part A: Attendance at Physical Inventory Counting

Part B: Inquiry Regarding Litigation and Claim

Part C: Valuation and Disclosure of Long-term

Investments

Part D: Segment Information

Page 9: Auditing And Assurance Standards

Part A: Attendance at Physical Inventory

Counting Auditor must obtain sufficient appropriate audit

evidence during his attendance at physical inventory

counting

Existence and condition

Where its impracticable, consider alternative procedures

to provide sufficient appropriate audit evidence

Page 10: Auditing And Assurance Standards

Part B: Inquiry Regarding Litigation

And Claims "Litigation" is a lawsuit or legal action including all proceedings

therein.

"Claims" is a right to payment or right to an equitable remedy for

breach of performance

Material effect on the financial statements

Communicate with the entity's lawyers and such other professionals

to whom the entity engages for litigation and claims

Page 11: Auditing And Assurance Standards

Part C: Valuation And Disclosure Of Long Term Investments

AS 13

Valuation and disclosure

Ownership and existence

Page 12: Auditing And Assurance Standards

Part D: Segment Information

Information to be disclosed in respect of reportable

segments as given in Accounting Standard (AS)17,

Segment Reporting

When it is material to the financial statements, he

should obtain sufficient appropriate audit evidence

regarding its disclosure

Page 13: Auditing And Assurance Standards

Effective For

This AAS becomes operative for all audits

related to accounting periods beginning on or

after 1st April, 2005.


Auditing and Assurance Standards Board (AUASB) - Auditing Standard ASA 700 … · 2012-08-09 · Assurance Standards Board (AUASB). This compilation is not a separate Auditing Standard

International Auditing and Assurance Standards Boardapu.com.ua/attachments/article/290/Audit_2015_1_all.pdf · handbook of international quality control, auditing, review, other assurance,

C 1 Auditing Standards, Statements and Guidance Notes … · Auditing Standards, Statements and Guidance Notes ... and Other Assurance and Related Services ... 23 SA 540 Auditing

INTERNATIONAL AUDITING AN D ASSURANCE STANDARDS …

AUDITING AND ASSURANCE STANDARDS BOARD · 2016-09-01 · Auditing and Assurance Standards Board (AASB) The AASB is an independent standard-setting body designated by, and operating

International Auditing and Assurance Comments are requested by February … · 2018-05-19 · Comments are requested by February 28, 2006 International Auditing and Assurance Standards

INTERNATIONAL AUDITING AND ASSURANCE STANDARDS · PDF filePrepared by: IAASB Staff Page 1 of 21 . Minutes of the 77th Meeting of the . INTERNATIONAL AUDITING AND ASSURANCE STANDARDS

International Auditing and Assurance Standards Board...Titlul original: Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements,

Fraud - Erasmus University Thesis Repository · Web viewSo did the International Auditing and Assurance Standards Board (IAASB) in their International Standards on Auditing (ISA)

Auditing and Assurance...Auditing and Assurance Standards Board Annual Report 2010–11 Page ix C ONTACT DETAILS Executive Director Auditing and Assurance Standards Board Street Address:

AUDITING AND ASSURANCE STANDARDS … Draft No. 117 1 AUDITING AND ASSURANCE STANDARDS COUNCIL September 28, 2010 Proposed Philippine Standard on Auditing 315 (Revised) IDENTIFYING

Auditing Mark-up Copy - Auditing & Assurance€œPreface to the International Standards on Quality Control, Auditing, Assurance and Related ... Principles Governing an Audit of Financial

International Auditing and Assurance Standards Board · This handbook contains the complete set of International Auditing and Assurance Standards Board (IAASB) standards on quality

Principles of Auditing & Other Assurance Services, 21e … · 2019-06-22 · Principles of Auditing & Other Assurance Services, 21e (Whittington) Chapter 2 Professional Standards

International Auditing and Assurance Standards …International Auditing and Assurance Standards Board® Handbook of International Quality Control, Auditing, Review, Other Assurance,

INTERNATIONAL AUDITING AND ASSURANCE STANDARDS …...The International Auditing and Assurance Standards Board (IAASB) is a global independent ... operating arrangements is ongoing

Auditing and Assurance Standards Council - CPA Diary and Assurance Standards ... Auditing, Assurance and Related Services,” which sets out the ... “Objective and General Principles

International Auditing and Assurance Standards Board · Pronouncements Issued by the International Auditing and Assurance Standards Board This handbook contains the complete set of

OFFICE OF THE AUDITING AND ASSURANCE STANDARDS BOARD

12. Standards on Auditing - YMECymec.in/wp-content/uploads/2016/08/Standards-on-Quality-control...Standards on Auditing ... Standards on Assurance Engagements ... General Principles

INTERNATIONAL AUDITING AND ASSURANCE STANDARDS …

INTERNATIONAL AUDITING AND ASSURANCE STANDARDS …...Sep 08, 2020  · INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD (IAASB) CONSULTATIVE ADVISORY GROUP (CAG) Held on March

International Auditing and Assurance Standards Board

The International Auditing and Assurance Standards Board … · 2012. 12. 13. · The International Auditing and Assurance Standards Board (IAASB) seeks comments from all stakeholders

Full file at ://fratstock.eu/sample/Solutions-Manual-Auditing-Assurance... · For auditors in other countries, the IFAC International Auditing and Assurance Standards Board issues

International Auditing and Assurance Standards Board · handbook of international quality control, auditing, review, other assurance, andrelated services pronouncements part i . contents

Auditing and Assurance Services, 15e, Global Edition (Arens ......Auditing and Assurance Services, 15e, Global Edition (Arens) Chapter 2 The Audit Standards’ Setting Process Learning

Auditing Complex Financial Instruments - mia.org.my · Auditing Complex Financial Instruments International Auditing and Assurance Standards Board Consultation Paper October 2009

Auditing and Assurance Services 7th Edition Louwers Test ... · Auditing & Assurance Services, 7e (Louwers) Chapter 2 Professional Standards 1) Control risk is A) the probability

International Auditing and Assurance Standards Board 2019.pdf · 2019-04-03 · HANDBooK oF INTERNATIoNAL QUALITY CoNTRoL, AUDITING, REVIEW, oTHER ASSURANCE, AND RELATED SERVICES

AUDITING AND ASSURANCE STANDARDS BOARD · 2015-10-02 · 2 AASB Annual Report 2013 and 2014 Auditing and Assurance Standards Board (AASB) The AASB is a functionally independent standard-

Auditing & Assurance Standards ² Importance of Standards ......Auditing Standard Setters AASB - Auditing and Assurance Standards Board of ICAI (In July, 2002 , the Auditing Practices

ACCT5908 Auditing and Assurance Services S12012...Auditing and Assurance Services to analyse a real company from the auditor’s perspective and within the framework of auditing standards

Auditing and Assurance Services, 15e, Global Edition ...€¦ · Auditing and Assurance Services, 15e, Global Edition (Arens) Chapter 2 The Audit Standards’ Setting Process Learning

International Auditing and Assurance Standards Board · International Standards on Auditing, International Standards on Assurance Engagements, ... ISA 240, The Auditor’s Responsibilities