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Standard on Auditing (SA)

Latest Articles


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 810 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 549 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 3210 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 1656 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 2340 Views 0 comment Print


Latest News


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 411 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 1758 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 891 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 981 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 2877 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 2595 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 4077 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 34818 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 4656 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 16155 Views 0 comment Print


Draft SA 501 Audit Evidence -Specific Considerations for Selected Items

November 25, 2023 2244 Views 0 comment Print

Explore the nuances of SA 501 Audit Evidence, covering inventory assessment, litigation and claims analysis, and segment information disclosure. Learn effective audit procedures and requirements for a thorough financial statement audit

Exposure Draft Standard on Auditing 500 Audit Evidence

November 25, 2023 255 Views 0 comment Print

Dive into the details of Standard on Auditing 500 (SA 500) – Audit Evidence. Learn its scope, objectives, definitions, and requirements. Enhance your auditing knowledge

Draft SA 450 Evaluation of Misstatements Identified during Audit

November 25, 2023 975 Views 0 comment Print

Understand Standard on Auditing (SA) 450, focusing on misstatement evaluation, communication, and correction. Learn the impact on financial statements and governance.

Draft SA 402 Audit Considerations Relating to an Entity Using a Service Organisation

November 25, 2023 3072 Views 0 comment Print

Explore SA 402 s role in user auditors obtaining audit evidence when entities use service organisations. Learn risk assessment, tests of controls, and reporting

Exposure Draft of SA 330: Auditor’s Responses to Assessed Risks

November 25, 2023 675 Views 0 comment Print

Explore SA 330, revealing the auditors role in designing responses to material misstatement risks. Learn about audit procedures, controls, and evidence evaluation

Exposure Draft of SA 320: Materiality in Planning & Performing an Audit

November 25, 2023 1443 Views 0 comment Print

Explore the significance of materiality in auditing with SA 320. Understand its application in risk assessment, performance, and revision during audit progress

Draft of SA 315, Identifying & Assessing Risks of Material Misstatement through Understanding the Entity and Its Environment

November 25, 2023 768 Views 0 comment Print

Explore Standard on Auditing 315 Identifying Risks of Material Misstatement. Learn effective risk assessment procedures, internal control evaluation, and more

Draft SA 299 Joint Audit of Financial Statements

November 25, 2023 456 Views 0 comment Print

Explore the principles, planning strategies, and reporting guidelines for effective joint audits of financial statements. Understand the responsibilities and coordination among joint auditors

Draft SA 265 Communicating Deficiencies in Internal Control to Those Charged with Governance & Management

November 25, 2023 942 Views 0 comment Print

Explore SA 265, guiding auditors on communication of internal control deficiencies. Learn about the requirements, objectives, and application for effective audit practices

Draft SA 260 Revised Communication with Those Charged with Governance

November 25, 2023 798 Views 0 comment Print

Explore the essential Standard on Auditing (SA) that outlines the auditor’s responsibilities in financial statement audits, emphasizing effective communication with governance. Learn about planned audit scope, significant findings, and the importance of two-way communication. Stay informed on key audit communication requirements

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