Page 30 - DCOM204_AUDITING_THEORY

Auditing Theory

Notes 04. 220 Quality Control for Audits of 17 Quality Control for Audit Work
Historical Financial Information
05. 230 Audit Documentation 03 (Documentation
The Board has already undertaken
the revision of AAS 3).
06. 240 The Auditor’s Responsibility to 04 The Auditor’s Responsibility to
Consider Fraud and Error in an Audit Consider Fraud and Error in an
of Financial Statements Audit of Financial Statements
07. 250 Consideration of Laws and 21 Consideration of Laws and
Regulations in an Audit of Financial Regulations in an Audit of
Statements Financial Statements
08. 260 Communications of Audit Matters 27 Communications of Audit
with those Charged with Governance Matters with those Charged
with Governance
09. 300 Planning an Audit of Financial 08 Audit Planning
Statements
310 Knowledge of the Business 20 Knowledge of the Business
(Withdrawn pursuant to issuance of ISA
315 and 330)
10. 315 Understanding the Entity and its The Exposure Draft of the proposed
Environment and Assessing the Risks AAS is under reconsideration of
of Material Misstatement the Board
11. 320 Audit Materiality 13 Audit Materiality
12. 330 The Auditor’s Procedures in Response The Exposure Draft of the
proposed AAS is under
to Assessed Risks
reconsideration of the Board
400 Risk Assessments and Internal 06 Risk Assessments and Internal
Control Control
(Withdrawn pursuant to issuance of ISA
315 and 330)
401 Auditing in a Computer Information 29 Auditing in a Computer
Systems Environment Information Systems
(Withdrawn pursuant to issuance of ISA Environment.
315 and 330)
13. 402 Audit Considerations Relating to 24 Audit Considerations Relating
Entities using Service Organizations to Entities using Service
Organisations
14. 500 Audit Evidence 05 Audit Evidence
15. 501 Audit Evidence – Additional 34 Audit Evidence – Additional
Considerations for Specific Items Considerations for Specific
Items
16. 505 External Confirmations 30 External Confirmations
17. 510 Initial Engagements – Opening 22 Initial Engagements – Opening
Balances Balances

18. 520 Analytical Procedures 14 Analytical Procedures
19. 530 Audit Sampling and other Means of 15 Audit Sampling
Testing
20. 540 Audit of Accounting Estimates 18 Audit of Accounting Estimates
21. 545 Auditing Fair Value Measurements The Board has constituted a study
and Disclosures group for the project..
Contd...

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