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Standard on Auditing (SA)

Latest Articles


Basics of Audit: Frauds and Errors (SA 240)

CA, CS, CMA : SA 240 addresses misstatements in financial statements arising from fraud or error. Fraud involves intentional acts of deception b...

January 13, 2025 1446 Views 0 comment Print

Relying upon work of Internal Auditor: Standard on Auditing (SA) Revised 610

CA, CS, CMA : Understand the guidelines for statutory auditors using internal audit work under SA 610, covering responsibilities, coordination, ...

November 18, 2024 915 Views 0 comment Print

Audit Documentation: SA 230

CA, CS, CMA : Ensure your audit documentation aligns with SA 230 principles, laws, and overall audit objectives. Learn the essentials of proper ...

July 18, 2024 2130 Views 0 comment Print

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 2907 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 10014 Views 0 comment Print


Latest News


ICAI raises Concerns on SA 600 Revision Process

CA, CS, CMA : ICAI raises concerns about SA 600 vs. ISA 600 revision process, urges pause for stakeholder review to ensure public interest and p...

September 20, 2024 882 Views 0 comment Print

Proposed Revision of SA 600 for Public Comments: Group Audits

CA, CS, CMA : CCI introduces General Regulations 2024, revising the 2009 rules. Key changes address stakeholder concerns on applications, submis...

September 18, 2024 2463 Views 0 comment Print

Exposure Draft: Standard on Auditing for Less Complex Entities (SA for LCE)

CA, CS, CMA : ICAIs Auditing and Assurance Standards Board releases an Exposure Draft for audits of less complex entities. Comments invited unti...

July 28, 2024 648 Views 0 comment Print

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 2664 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 1176 Views 0 comment Print


Latest Notifications


NFRA Penalizes CA for failure to meet requirements of Standards on Auditing

Company Law : NFRA penalizes CA Santosh Deshmukh ₹5L & 1-year debarment for audit lapses in Sanwaria Consumer Ltd's FY 2017-18 audit. Key audi...

September 9, 2024 9402 Views 0 comment Print

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 2760 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 4209 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 35289 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 4710 Views 0 comment Print


Overview of Standards on Auditing

February 23, 2024 2937 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 2664 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 1176 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 1851 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 5547 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 2688 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 3447 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.”

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

November 25, 2023 2433 Views 0 comment Print

Explore the nuances of Auditing Standard 720 (Revised) and the auditors responsibilities regarding other information in an entity’s annual report. Learn the scope, objectives, and practical application. Stay informed to uphold credibility.

Draft SA 710 Comparative Information -Corresponding Figures & Comparative Financial Statements

November 25, 2023 1668 Views 0 comment Print

Explore the scope, objectives, and audit procedures of SA 710 for Comparative Financial Statements. Learn about reporting requirements and key considerations in auditing

Draft SA 706: Emphasis of Matter & Other Matter Paragraphs in Auditor’s Report

November 25, 2023 3168 Views 0 comment Print

Explore the scope and requirements of Standard on Auditing 706, covering Emphasis of Matter Paragraphs in the auditor’s report. Learn about the effective date and key considerations

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