International Auditing and Assurance Standards Planning an Audit of Financial Statements ¢â‚¬¢ ISA 315

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  • International Auditing and Assurance Standards Board

    Handbook of International Quality Control, Auditing, Review, Other Assurance,

    and Related Services Pronouncements

    2016–2017 Edition Volume I

    ®

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  • CONTENTS PART I

    HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER

    ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS

    PART I

    CONTENTS Page

    Changes of Substance from the 2015 Edition of the Handbook and Recent Developments ......................................................................................... 1–4

    The International Federation of Accountants’ Role ....................................... 5

    Structure of Pronouncements Issued by the International Auditing and Assurance Standards Board .................................................................... 6

    Preface to the International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements ................................. 7–11

    Glossary of Terms .......................................................................................... 12–42

    INTERNATIONAL STANDARDS ON QUALITY CONTROL

    ISQC 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statements and Other Assurance and Related Services Engagements .... 43–78

    AUDITS OF HISTORICAL FINANCIAL INFORMATION

    200–299 GENERAL PRINCIPLES AND RESPONSIBILITIES

    ISA 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing .... 79–108

    ISA 210, Agreeing the Terms of Audit Engagements ................................... 109–133

    ISA 220, Quality Control for an Audit of Financial Statements .................... 134–152

    ISA 230, Audit Documentation ..................................................................... 153–165

    ISA 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements .......................................................................... 166–209

    ISA 250, Consideration of Laws and Regulations in an Audit of Financial Statements ............................................................................... 210–224

    ISA 260 (Revised), Communication with Those Charged with Governance.. 225–254

    ISA 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management .......................................... 255–266

  • HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS

    PART I

    CONTENTS PART I

    IN TE

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    300–499 RISK ASSESSMENT AND RESPONSE TO ASSESSED RISKS

    ISA 300, Planning an Audit of Financial Statements ..................................... 267–279

    ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment ... 280–337

    ISA 320, Materiality in Planning and Performing an Audit ........................... 338–346

    ISA 330, The Auditor’s Responses to Assessed Risks .................................. 347–369

    ISA 402, Audit Considerations Relating to an Entity Using a Service Organization ........................................................................................... 370–393

    ISA 450, Evaluation of Misstatements Identified during the Audit ............... 394–408

    500–599 AUDIT EVIDENCE

    ISA 500, Audit Evidence ............................................................................... 409–425

    ISA 501, Audit Evidence—Specific Considerations for Selected Items ....... 426–436

    ISA 505, External Confirmations ................................................................... 437–448

    ISA 510, Initial Audit Engagements—Opening Balances ............................. 449–462

    ISA 520, Analytical Procedures ..................................................................... 463–470

    ISA 530, Audit Sampling ............................................................................... 471–488

    ISA 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures ..................................... 489–533

    ISA 550, Related Parties ................................................................................ 534–561

    ISA 560, Subsequent Events .......................................................................... 562–574

    ISA 570 (Revised), Going Concern ............................................................... 575–604

    ISA 580, Written Representations ................................................................. 605–621

    600–699 USING THE WORK OF OTHERS

    ISA 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) ........................................ 622–672

    ISA 610 (Revised 2013), Using the Work of Internal Auditors ..................... 673–696

    ISA 620, Using the Work of an Auditor’s Expert .......................................... 697–717

    700–799 AUDIT CONCLUSIONS AND REPORTING

    ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements ............................................................................................... 718–773

    ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report ..................................................................................................... 774‒797

  • HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW, OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS

    PART I

    CONTENTS PART I

    ISA 705 (Revised), Modifications to the Opinion in the Independent Auditor’s Report ...................................................................................................... 798–829

    ISA 706 (Revised), Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report .................................... 830–847

    ISA 710, Comparative Information—Corresponding Figures and Comparative Financial Statements ......................................................... 848–868

    ISA 720, The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements ........................... 869–920