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Standard on Auditing (SA)

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SA 580 & SA 505: Complete Guide to Audit Evidence & Auditor Responsibilities

CA, CS, CMA : The standards explain how written representations and external confirmations help auditors obtain reliable evidence and support au...

May 31, 2026 660 Views 0 comment Print

Materiality in Auditing: Meaning, Benchmarks & Practical Use

CA, CS, CMA : This explains what materiality means in an audit and why it matters for financial decision-making. The key takeaway is that materi...

January 6, 2026 3573 Views 2 comments Print

Decoding Related Party Risks under SA-550: an Auditor’s Perspective

CA, CS, CMA : This case explains why related party transactions require heightened audit scrutiny under SA-550. The key takeaway is that influen...

December 20, 2025 2166 Views 0 comment Print

Understanding an Audit

CA, CS, CMA : Auditing is a regulated process culminating in an opinion on whether financial statements are True and Fair. It requires professio...

October 24, 2025 1026 Views 0 comment Print

Auditing Fundamentals: Internal, Statutory & Operational Checks

CA, CS, CMA : Explore auditing essentials covering internal and statutory audits, detailed checks for cash, bank, purchases, sales, inventory, a...

May 29, 2025 1380 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 1623 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 4161 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 1419 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 5010 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 2337 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 10557 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 3372 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 4839 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 36156 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 5172 Views 0 comment Print


Exposure Draft Standard on Auditing 505 External Confirmations

November 25, 2023 3216 Views 0 comment Print

Explore the nuances of SA 505 External Confirmations for robust audit evidence. Understand procedures, reliability factors, and implications. Stay audit-ready

Draft SA 501 Audit Evidence -Specific Considerations for Selected Items

November 25, 2023 8268 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 909 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 2757 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 8502 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 2031 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 3795 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 2190 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 1716 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 3801 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

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