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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 1359 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


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

November 25, 2023 1893 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 1104 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 2085 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

Draft SA 705 Modifications to Opinion in Independent Auditor’s Report

November 25, 2023 1008 Views 0 comment Print

Explore the types of modified opinions, circumstances requiring modifications, and the impact on the auditor’s report as per Standard on Auditing 705

Draft SA 701 Communicating Key Audit Matters in Independent Auditor’s Report

November 25, 2023 933 Views 0 comment Print

Explore the significance of Auditing Standard 701 and the communication of key audit matters in the auditor’s report. Learn its objectives, requirements, and implications for financial statement audits

Draft SA 700: Forming Opinion and Reporting on Financial Statements

November 25, 2023 1794 Views 0 comment Print

Explore the key aspects of SA 700 (Revised) for auditors, covering forming opinions on financial statements, reporting requirements, and global consistency. Learn the effective date and objectives

Exposure Draft of Standard on Auditing 620 Using Work of Auditor’s Expert

November 25, 2023 408 Views 0 comment Print

Explore the auditor’s responsibilities using an expert’s work in fields beyond accounting. Learn the requirements, objectives, and effective date of SA 620

Exposure Draft of Standard on Auditing 610 Using Work of Internal Auditors

November 25, 2023 384 Views 0 comment Print

Explore the scope and responsibilities of Standard on Auditing 610, covering the use of internal audit functions by external auditors. Learn the relationship with SA 315 and key considerations

Exposure Draft of Standard on Auditing 600 Using Work of Another Auditor

November 25, 2023 591 Views 0 comment Print

Explore Standard on Auditing 600, addressing the use of another auditor’s work. Learn the procedures, co-ordination, and reporting considerations for effective audit collaboration

Exposure Draft of Standard on Auditing 580 Written Representations

November 25, 2023 579 Views 0 comment Print

Explore the significance of Written Representations in audits with a detailed analysis of Standard on Auditing 580. Learn its scope, objectives, and implications

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