Auditing
Standards are very important for CA. Try is made to give a small summary of
Name and Its Description of Auditing Standards. Now they will become most
important as Companies Act, 2013 has also give due consideration to Auditing
Standards.
A list of Auditing Standard has been given herein
under. Hope it will help you in your exams for summarizing it.
SA NO
|
|
Description
|
|
|
|
General
principles and responsibilities
|
||
200
|
R
|
Overall objectives of Independent Auditor and the
conduct of an Audit in Accordance with Standards on Auditing
|
210
|
R
|
Agreeing Terms of Audit Engagement
|
220
|
R
|
Quality Control for Audit of Financial Statement
|
230
|
R
|
Audit Documentation
|
240
|
R
|
Auditors’ Responsibility relating to Fraud of
Financial Statement
|
250
|
R
|
Auditors’ Responsibility relating to Law &
Regulation in an Audit of Financial Statement
|
260
|
R
|
Communication with Those Charged With Governance
|
265
|
|
Cmmunicating Deficiences in Internal Audit to
Those Charged With Governance & Management
|
299
|
|
Responsibilities of Joint Auditors
|
|
|
|
Risk Assessment and Response to
Assessed Risk
|
||
300
|
R
|
Planning of Audit of Financial Statement
|
315
|
|
Identifying and Assessing the Risk of Material
Misstatement through Understanding the Entity and its Environment
|
320
|
R
|
Materiality in Planning and Performing Audit
|
330
|
|
Auditors’ Response to Assessed Risk
|
402
|
R
|
Audit Consideration relating to Entity Using
Service Organisation
|
450
|
|
Evaluation of Misstatement Identified During
Audit
|
|
|
|
AUDIT EVIDENCES
|
||
500
|
R
|
AUDIT EVIDENCE
|
501
|
R
|
AUDIT EVIDENCE – SPECIFIC CONSIDERATION FOR
SELECTED ITEMS
|
505
|
R
|
EXTERNAL CONFIRMATION
|
510
|
R
|
INITIAL ENGAGEMENT – OPENING BALANCE
|
520
|
R
|
ANALYTICAL PROCEDURE
|
530
|
R
|
AUDIT SAMPLING
|
540
|
R
|
AUDITING ACCOUNTING ESTIMATES INCLUDING FAIR
VALUE ACCOUNTING ESTIMATES AND RELATED DISCLOSURES
|
550
|
R
|
RELATED PARTIES
|
560
|
R
|
SUBSEQUENT EVENTS
|
570
|
R
|
GOING CONCERN
|
580
|
R
|
WRITTEN REPRESENTATION
|
|
|
|
|
||
600
|
R
|
USING
|
610
|
R
|
USING
|
620
|
R
|
USING
|
|
|
|
AUDIT CONCLUSION AND REPORTING
|
||
700
|
R
|
FORMING AN OPINION AND REPORTING ON FINANCIAL
STATEMENT
|
705
|
|
MODIFICAITON TO OPINION IN INDEPENDENT AUDITORS’
REPORT
|
706
|
|
EMPHASIS OF MATTER PARAGRAPHS AND OTHER MATTER
PARAGRAPH IN INDEPE
|
710
|
R
|
COMPARATIVE INFORMATION – CORROSPONDING AND
COMPARATIVE FINANCIAL STATEMENTS
|
720
|
|
THE AUDITORS’ RESPONSIBILITY IN REALTION TO OTHER
INFORMATION IN DOCUMENTS CONTAINING AUDITED FINANCIAL STATEMENTS
|
|
|
|
SPECIALISED AREAS
|
||
800
|
|
SPECIAL CONSIDERATION – AUDIT OF FINANCIAL
STATEMENT PREPARED IN ACCORDANCE WITH SPECIAL PURPOSE FRAMEWORK
|
805
|
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SPECIAL CONSIDERATION – AUDIT OF SINGLE PURPOSE
FINANCIAL STATEMENTS AND SPECIFIC ELEMENTS, ACCOUNTS OR ITEMS OF A FINANCIAL
STATEMENT
|
810
|
|
ENGAGEMENTS TO REPORT ON SUMMARY FINANCIAL
STATEMENT
|
Now how to remember this Standards
on Auditing. The following is one way to
remember it.
Series
|
Remarks
|
2
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Related to General Principles
|
3 &4
|
Related to RISK
|
5
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Related to Evidences
|
6
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Related to Use the Work of Other
|
7
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Related to Conclusion & Reporting
|
8
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Related to Special Area
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