The Risk-Based Audit: Overview
The auditor’s overall objectives, as stated in ISA 200.11, can be summarised as follows: Reasonable Assurance Reasonable assurance is a high but not absolute level of assurance. It is obtained when the auditor has obtained sufficient appropriate audit evidence to reduce audit risk (that is, the risk that the auditor expresses an inappropriate opinion when […]
The Audit Process
The audit approach outlined in Guide to Using International Standards on Auditing in the Audits of Small- and Medium-Sized Entities (the Guide) has been divided into: This is illustrated in Exhibit 2.2-1 in the Guide. Notes: 1. Refer to ISA 230 for a complete list of documentation required. 2. Planning (ISA 300) is a continual […]
The International Standards on Auditing (ISAs)
Structure of the ISAs | 国际审计准则的结构 The ISAs have a standard structure, as outlined below. Introduction An explanation of the purpose and scope of the ISA, including how the ISA relates to other ISAs, the subject matter of the ISA, specific expectations on the auditor and others, and the context in which the ISA is […]
