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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 250 Consideration of Laws & Regulations in Audit of Financial Statements

November 25, 2023 351 Views 0 comment Print

Explore the auditors role in ensuring compliance with laws and regulations in financial audits. Learn about responsibilities, procedures, and reporting for effective risk management

Draft SA 240 Auditor’s Responsibilities Relating to Fraud in Audit of Financial Statements

November 24, 2023 2952 Views 0 comment Print

Explore the auditors responsibilities in detecting and addressing fraud in financial statements. Understand fraud risk factors, prevention, detection, and audit procedures

Exposure Draft SA 230 Audit Documentation

November 24, 2023 1794 Views 0 comment Print

Explore the essential aspects of audit documentation, its nature, purposes, and compliance requirements. Learn best practices for effective preparation, retention, and assembly

Exposure Draft of SA 300: Planning an Audit of Financial Statements

November 24, 2023 2247 Views 0 comment Print

Explore the significance of Standard on Auditing 300 in planning and executing financial statement audits. Learn the requirements, strategies, and considerations

Draft Standard on Auditing 210 Agreeing the Terms of Audit Engagements

November 24, 2023 1107 Views 0 comment Print

Explore the importance of agreeing audit engagement terms, preconditions, responsibilities, and legal considerations. Learn from the comprehensive analysis

Draft: SA 200 – Independent Auditor’s Objectives and Audit Conduct

November 24, 2023 741 Views 0 comment Print

Explore the overall objectives of the independent auditor and the essential elements of conducting audits in accordance with auditing standards. Learn the ethical requirements and key considerations for a comprehensive financial statement audit

Draft Standard on Auditing 220 Quality Control for Audit of Financial Statements

November 24, 2023 1311 Views 0 comment Print

Explore the Standard on Auditing (SA) focusing on auditor responsibilities and quality control procedures for financial statement audits. Learn about leadership, ethics, and engagement performance

Social Audit Standard and Scope of SAS Framework

July 21, 2023 1089 Views 1 comment Print

Social Audit Framework developed by ICAI provides a social auditor guidance for conducting a social audit. The social audit framework is applicable from the date of its hosting on ICAI website. Social Audit Framework does not cover any elements of a financial audit or review, which may be covered by relevant auditing/review standards.

Draft SRS 4400 (Revised), Agreed-Upon Procedures Engagements

July 15, 2023 2151 Views 0 comment Print

Draft SRS 4400 (Revised), Agreed-Upon Procedures Engagements pplies to the performance of agreed-upon procedures engagements on financial or non- financial subject matters. (Ref: Para. A1–A2)

Draft SA 540 (Revised), Auditing Accounting Estimates & Related Disclosures

July 15, 2023 3453 Views 0 comment Print

Draft SA 540 (Revised), Auditing Accounting Estimates and Related Disclosures deals with the auditor’s responsibilities relating to accounting estimates and related disclosures in an audit of financial statements.

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