Thursday, January 27, 2022

Audit Engagement Letter (ISA-210)

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  The auditor's goal is to accept or continue an audit engagement only after the basis on which it will be performed has been agreed upo...
Monday, September 20, 2021

ISA (UK) 200: Objectives of the Auditor

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ISA (UK) 200 deals with the independent auditor’s overall responsibilities when conducting an audit of financial statements in line with Int...
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Thursday, August 19, 2021

ISA (UK) 220: Quality Control for an Audit of Financial Statements

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  The auditor is responsible for the quality control of the audit of financial statements. This responsibility is not solely outlined throug...
Tuesday, August 17, 2021

ISA (UK) 210: Agreeing the terms of an Audit Engagement

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Before an auditor accepts an audit engagement, he is responsible for agreeing on certain engagement terms with the management, and where req...
Wednesday, August 11, 2021

Auditing and Assurance Standards in UK

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Auditing standards are professional standards or requirements for the performance of an audit of financial statements. They include objectiv...
Friday, August 6, 2021

Comparison: Old vs Revised ISA (UK) 220

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While the revised standard mandates application of the revised guidelines for the financial statement audits commencing on or after 15th Dec...
Wednesday, August 4, 2021

Quality Management for an Audit of Financial Statements

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The ISA (UK) 220 (revised July 2021) on Quality Management for Audit of Financial Statements will be applicable for the audits of financial ...