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Standard on Auditing (SA)

Latest Articles


Understanding SA 320 – MATERIALITY

CA, CS, CMA : SA 320 states that misstatements, including omissions, are considered to be material if they, individually or in the aggregate cou...

June 29, 2024 447 Views 0 comment Print

SA 706 (Revised): Emphasis of Matter & Other Matter Paragraphs in Auditor’s Report

CA, CS, CMA : Learn about SA 706 (Revised) and its guidelines on Emphasis of Matter and Other Matter paragraphs in auditor reports, enhancing cl...

June 22, 2024 2757 Views 0 comment Print

Going Concern – Standards on Auditing (SA) 570

CA, CS, CMA : Explore the significance of SA 570 in financial audits, focusing on the going concern basis, auditor responsibilities, risk assess...

March 5, 2024 1356 Views 0 comment Print

Overview of Standards on Auditing

CA, CS, CMA : Explore the importance, structure, and compliance of Standards on Auditing (SAs) to ensure the highest quality and integrity in fi...

February 23, 2024 2271 Views 0 comment Print

Auditing Accounting Estimates : ISA 540 (Revised) Implementation Tools

CA, CS, CMA : Explore 10 crucial steps for auditing accounting estimates as per ISA 540 (Revised). Understand risks, controls, and evaluation pr...

January 28, 2024 1512 Views 0 comment Print


Latest News


ICAI Issues Revised Auditing Standards: SA 800, SA 805, SA 810 (2024)

CA, CS, CMA : Stay updated with the latest revisions in auditing standards by ICAI. Download SA 800, SA 805, SA 810 for audits starting April 20...

February 8, 2024 1671 Views 0 comment Print

ICAI’s revised SA-810-Engagements to Report on Summary Financial Statements

CA, CS, CMA : Auditors must have understanding of standards for reporting on ICAI's revised summary financial statements. Get informed on new re...

February 8, 2024 819 Views 0 comment Print

ICAI’s Revised SA 805: Audits of Single Financial Statements & Specific Elements

CA, CS, CMA : ICAI’s revised SA 805-Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts o...

February 8, 2024 855 Views 0 comment Print

ICAI’s Revised SA 800: Audits of Financial Statements under Special Purpose Frameworks

CA, CS, CMA : Revised SA-800 from ICAI: Learn about special considerations for audits of financial statements prepared with special purpose fram...

February 8, 2024 2553 Views 0 comment Print

Draft SA 720: Auditor’s Responsibilities Relating to Other Information

CA, CS, CMA : Explore the nuances of Auditing Standard 720 (Revised) and the auditors responsibilities regarding other information in an entityâ...

November 25, 2023 1893 Views 0 comment Print


Latest Notifications


NFRA penalises & debarred CA for Audit failures in violation of law & SA

Company Law : NFRA imposes penalty of Two Lakhs on CA Hemant Khator Swami who was  Engagement Partner for the statutory audit of Women Next Lou...

April 28, 2023 2583 Views 0 comment Print

NFRA penalises and debarred CA for Audit failures

Company Law : NFRA imposes penalty of Two Lakhs on CA Narayan Prasad Swami who was  Engagement Partner for the statutory audit of Women Next Lo...

April 28, 2023 4044 Views 0 comment Print

NFRA imposes 1 Crore Penalty on CA Firm & 5 Lakh on Partner

Company Law : NFRA’s investigations inter alia revealed that the TDL’s Auditors for the FY 2018-19, had failed to meet the relevant ...

April 26, 2023 34755 Views 1 comment Print

NFRA penalises Statutory Auditor of Brach of DHFL for accepting legally invalid appointment

Company Law : NFRA’s investigations revealed that the appointment of none of the 33 branch auditors was approved at the Annual General Mee...

April 13, 2023 4647 Views 0 comment Print

CA penalised for not complying with principles & procedures laid down in SAs

Company Law : Auditor not complied with the principles and procedures laid down in the SAs, had not maintained proper audit documentation and di...

March 31, 2023 16107 Views 0 comment Print


Latest Posts in Standard on Auditing (SA)

Understanding SA 320 – MATERIALITY

June 29, 2024 447 Views 0 comment Print

SA 320 states that misstatements, including omissions, are considered to be material if they, individually or in the aggregate could reasonably be expected to influence the economic decisions of the users taken on the basis of the financial statements. The objective of the individual auditor is to obtain a reasonable assurance about whether the financial […]

SA 706 (Revised): Emphasis of Matter & Other Matter Paragraphs in Auditor’s Report

June 22, 2024 2757 Views 0 comment Print

Learn about SA 706 (Revised) and its guidelines on Emphasis of Matter and Other Matter paragraphs in auditor reports, enhancing clarity and transparency in auditing.

Going Concern – Standards on Auditing (SA) 570

March 5, 2024 1356 Views 0 comment Print

Explore the significance of SA 570 in financial audits, focusing on the going concern basis, auditor responsibilities, risk assessment, and COVID-19 impact. Learn about reporting requirements and potential impacts on the auditors report.

Overview of Standards on Auditing

February 23, 2024 2271 Views 0 comment Print

Explore the importance, structure, and compliance of Standards on Auditing (SAs) to ensure the highest quality and integrity in financial audits.

ICAI Issues Revised Auditing Standards: SA 800, SA 805, SA 810 (2024)

February 8, 2024 1671 Views 0 comment Print

Stay updated with the latest revisions in auditing standards by ICAI. Download SA 800, SA 805, SA 810 for audits starting April 2024 onwards.

ICAI’s revised SA-810-Engagements to Report on Summary Financial Statements

February 8, 2024 819 Views 0 comment Print

Auditors must have understanding of standards for reporting on ICAI’s revised summary financial statements. Get informed on new responsibilities and objectives of auditor under SA-810.

ICAI’s Revised SA 805: Audits of Single Financial Statements & Specific Elements

February 8, 2024 855 Views 0 comment Print

ICAI’s revised SA 805-Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Introduction Scope of this SA 1. The Standards on Auditing (SAs) in the 100-700 series apply to an audit of financial statements and are to be adapted as necessary in the circumstances when applied […]

ICAI’s Revised SA 800: Audits of Financial Statements under Special Purpose Frameworks

February 8, 2024 2553 Views 0 comment Print

Revised SA-800 from ICAI: Learn about special considerations for audits of financial statements prepared with special purpose frameworks.

Auditing Accounting Estimates : ISA 540 (Revised) Implementation Tools

January 28, 2024 1512 Views 0 comment Print

Explore 10 crucial steps for auditing accounting estimates as per ISA 540 (Revised). Understand risks, controls, and evaluation process in this comprehensive guide.

Professional Skepticism in Auditing: Third Eye of Auditor

December 1, 2023 2457 Views 2 comments Print

Explore the significance of professional skepticism in auditing, its application, and the need for effective documentation. Understand its role in enhancing audit quality.”

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