accounting standrad

[S2] AUDIT & ASSURANCE

PART - AWEIGHTAGE 10%

1. Audit framework and regulation

• Audit and other assurance engagements

• Statutory audit and regulation

• Legal consideration relating to appointment and removal of auditor

PART - BWEIGHTAGE 55%

2. Planning and risk assessment General Principles and Responsibilities

• ISA 200, Overall objectives of the Independent Auditor and the conduct of an Audit in accordance with International Auditing Standards

• ISA 210, Agreeing the terms of Audit Engagements

• ISA 220, Quality Control for an Audit of Financial Statements

• ISA 230, Audit Documentation

• ISA 240, The Auditor’s responsibilities relating to fraud in an audit of financial statements

• ISA250, Consideration of laws and regulations in an audit of financial statements

• ISA 260, Communication with those charged with governance

• ISA 265, Communicating deficiencies in internal control to those charged with governance and management

3. Risk Assessment and Response to Assessed Risk

• ISA 300, Planning an audit of financial statements

• ISA 315, Identifying and assessing the risks of material misstatement through understanding the entity and its environment

• ISA 320, Materiality in planning and performing an audit

• ISA 330, The auditor’s response to assessed risks

• ISA 402, Audit considerations relating to an entity u