International Standards on Auditing

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International Standards on Auditing (ISA) are professional standards for the performance of financial audit of financial information. These standards are issued by International Federation of Accountants (IFAC) through the International Auditing and Assurance Standards Board (IAASB).

List of the Standards (ISAs)[edit]

Respective responsibilities[edit]

Audit planning[edit]

Internal Control[edit]

Audit evidence[edit]

Using work of other experts[edit]

Audit conclusions and Audit report[edit]

Specialized areas[edit]

Use of the ISAs[edit]

The Audit Directive of 17 May 2006 is important in order to ensure a high quality for all statutory audits required by Community law requiring all statutory audits be carried out on the basis of all international auditing standards. The Directive has given implementing powers to the European Commission, in order to adopt "en bloc" the ISAs in accordance with the Council Decision of 28 June 1999, also known as the "Comitology Decision".

See also[edit]

External links[edit]

Notes and references[edit]

  1. ^ http://www.un.org/auditors/board/modusop.shtml#soa
  2. ^ The INTOSAI Financial Audit Guidelines are based on the International Standards on Auditing (ISA) issued by the IAASB http://www.afrosai-e.org.za/HOME/Menu/TechnicalAdvancement/INTOSAIauditingstandards/tabid/82/Default.aspx