Friday, March 18, 2022

ISA (UK) 330: The Auditor’s Responses To Assessed Risks

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  The auditor's goal is to collect enough suitable audit evidence to support the evaluated risks of material misstatement, as well as to...
Thursday, March 10, 2022

ISA (UK) 315: Identifying and Assessing the Risks of Material Misstatement Through Understanding of the Entity and Its Environment

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  The auditor's goal is to detect and analyze the risks of material misstatement, whether due to fraud or error, at the financial statem...
Thursday, March 3, 2022

ISA (UK) 265: COMMUNICATING DEFICIENCIES IN INTERNAL CONTROL TO THOSE CHARGED WITH GOVERNANCE AND MANAGEMENT

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  The auditor's goal is to report to those charged with governance and management any flaws in internal control that the auditor discove...
1 comment:
Friday, February 25, 2022

ISA (UK) 240: The auditor's responsibilities relating to fraud in an audit of financial statements

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  Financial statement misstatements can result from either fraud or human error. The difference between fraud and error is whether the under...
2 comments:
Thursday, February 17, 2022

ISA (UK) 250: Consideration of Laws and Regulations in an Audit of Financial Statements

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The impact of laws and regulations on financial statements varies greatly. The legal and regulatory framework is made up of the rules and re...
Thursday, February 10, 2022

ISA (UK) – 260: COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE

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According to ISA (UK) 260, auditors must convey audit concerns of governance interest to persons charged with governance. It is critical tha...
Thursday, February 3, 2022

How to make a plan for conducting an audit engagement (ISA-300)

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  Establishing the overall audit strategy for the engagement and producing an audit plan are both part of the planning process for an audit....