The objective of this project was to revise ISA 300, Planning, in light of the Audit Risk Standards and recent trends in firms' audit methodologies.
Scope
The project dealt with the audit procedures and activities performed to properly plan the audit and supervise engagement team members to ensure that the audit is performed in an effective manner.
The objective of the project was to revise ISA 700, The Auditor's Report on Financial Statements.
Scope
The project revised ISA 240 to align extant ISA 240 with the audit risk model and to adopt the basic principles and essential procedures contained in the US SAS 99, Consideration of Fraud in a Financial Statement Audit.
The objective of this project was to establish standards and provide guidance for auditors that review interim financial information issued by their audit clients.
Scope
ISRE 2400, Review of Interim Financial Information Performed by the Independent Auditor of the Entity applies when:
The objective of this project was to revise ISA 240, The Auditor's Responsibility to Consider Fraud and Error in an Audit of Financial Statements.
Scope
The project revised ISA 240 to align extant ISA 240 with the audit risk model and to adopt the basic principles and essential procedures contained in the US SAS 99, Consideration of Fraud in a Financial Statement Audit.
The objective of this project was to redraft the close off version of ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures (Other Than Those Involving Fair Value Measurements and Disclosures), in accordance with the clarity drafting conventions agreed by the IAASB to be applied to all ISAs, and to revise it to include auditing considerations relating to fair value accounting estimates and disclosures.
The objective of the project was to redraft the close off documents of ISA 320 (Revised), Materiality in Planning and Performing an Audit, and ISA 450 (Revised), Evaluation of Misstatements Identified during the Audit, in accordance with the clarity drafting conventions agreed by the IAASB to be applied to all ISAs.
