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International Standards on Auditing


International Standards on Auditing

International Standards on Auditing (ISA) are professional standards for the performance of financial audit of financial information. These standards are issued by International Federation of Accountants (IFAC) through the International Auditing and Assurance Standards Board (IAASB). According to Olung M (CAO - L) ISA guides the auditor to add value to the assignment hence building confidence of investors.


  • List of the Standards (ISAs) 1
    • Respective responsibilities 1.1
    • Audit planning 1.2
    • Internal Control 1.3
    • Audit evidence 1.4
    • Using work of other experts 1.5
    • Audit conclusions and Audit report 1.6
    • Specialized areas 1.7
  • Use of the ISAs 2
  • See also 3
  • External links 4
  • Notes and references 5

List of the Standards (ISAs)

Respective responsibilities

Audit planning

Internal Control

Audit evidence

Using work of other experts

Audit conclusions and Audit report

Specialized areas

Use of the ISAs

The Audit Directive of 17 May 2006 is important in order to ensure a high quality for all statutory audits required by Community law requiring all statutory audits be carried out on the basis of all international auditing standards. The Directive has given implementing powers to the European Commission, in order to adopt "en bloc" the ISAs in accordance with the Council Decision of 28 June 1999, also known as the "Comitology Decision".

See also

  • Internal audit standards
    • Self-regulation initiative by the Institute of Internal Auditors: the International Standards for the Professional Practice of Internal Auditing, the ÍIA's Definition of Internal Auditing, and the IIA's Code of ethics

External links

  • IFAC Represents 2 500 000 accountants in 120 countries
  • List of the Standards (ISAs) List of the Standards (ISAs)
  • Institution for public sector audit standards

Notes and references

  1. ^
  2. ^ The INTOSAI Financial Audit Guidelines are based on the International Standards on Auditing (ISA) issued by the IAASB


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