The records of initial accounting entries and supporting records, such as checks and records of electronic fund transfers; invoices; contracts; the general and subsidiary ledgers, journal entries and other adjustments to the financial statements that are not reflected in journal entries; and records such as work sheets and spreadsheets supporting cost allocations, computations, reconciliation and disclosures. Show Appropriateness (of audit evidence) – definitionThe measure of the quality of audit evidence; that is, its relevance and its reliability in providing support for the conclusions on which the auditor’s opinion is based. Audit evidence – definitionInformation used by the auditor in arriving at the conclusions on which the auditor’s opinion is Audit evidence includes both information contained in the accounting records underlying the financial statements and other information. Management’s expert – definitionAn individual or organization possessing expertise in a field other than accounting or auditing, whose work in that field is used by the entity to assist the entity in preparing the financial statements. Sufficiency (of audit evidence) – definitionThe measure of the quantity of audit The quantity of the audit evidence needed is affected by the auditor’s assessment of the risks of material misstatement and also by the quality of such audit evidence. ISA 500 ScopeISA 500 explains what constitutes audit evidence in an audit of financial statements, and deals with the auditor’s responsibility to design and perform audit procedures to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the auditor’s opinion. ISA 500 Effective date 15 December 2009ISA 500 ObjectiveThe objective of the auditor is to design and perform audit procedures in such a way as to enable the auditor to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the auditor’s opinion. ISA 500 Requirements
Inconsistency in audit evidence, or Doubts over Reliability of information
All available Translations: Croatian Lithuanian Lithuanian Polish In Progress Translations: Danish | Greek | Latvian | Spanish Don't see your language? Request permission to translate This revised ISA deals with the auditor’s responsibility to form an opinion on the financial statements as well as the form and content of the auditor’s report issued as a result of an audit of financial statements. This ISA applies to an audit of a complete set of general purpose financial statements. ISA 700 (Revised) is effective for audits of financial statements for periods ending on or after December 15, 2016.
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International Standards of Auditing.","The Financial Audit will be conducted in accordance with International Standards of Auditing (ISA).","The audit will be carried out in accordance with the International Standards of Auditing issued by the International Federation of Accountants.","The audit will be carried out in accordance with the International Standards of Auditing (ISA) issued by the International Federation of Accountants (IFAC).","I applied the International Standards of Auditing (ISAs), INTOSAI and AFROSAI-E standards of 1992 in the conduct of the audits.","The External Auditor has completed the audit in accordance with the International Standards of Auditing, and has provided an unqualified audit opinion.This document is submitted to the Board in accordance with General Regulation XIV.6 (b) and Financial Regulations 13.1 and 14.8, which provide for the submission to the Board of the audited financial statements of WFP and an associated report of the External Auditor.","As outlined in our Audit Strategy Memorandum, our audit has been conducted in accordance with International Standards of Auditing (UK and Ireland) which means we focus on audit risks that we have assessed as resulting in a higher risk of material misstatement.","Our responsibility is to express an opinion on the statement based on our audit.We conducted our audit in accordance with International Standards of Auditing.","The audits should be carried out in accordance with International Standards of Auditing (ISA) and International Financial Reporting Standard (IFRS).","The audit will be performed in accordance with International Financial Reporting Standards (“IFRS”) and International Standards of Auditing (“ISA”)."],"id":"international-standards-of-auditing","title":"International Standards of Auditing"},"groups":[{"size":10,"samples":[{"uri":"https://www.worldathletics.org/download/download?filename=69eecf88-5575-4975-b471-784ef9b59851.pdf&urlslug=B3.1%20-%20Governance%20Rules%20(amended%20on%2029%20July%202020)","label":"www.worldathletics.org","score":8},{"uri":"https://worldathletics.org/download/download?filename=5f7d1661-a8d0-49d1-aa20-129f0644b9b1.pdf&urlslug=B3.1%20-%20Governance%20Rules","label":"worldathletics.org","score":8},{"uri":"https://worldathletics.org/download/download?filename=9be84add-b4d5-41f7-8958-13d72eefe61e.pdf&urlslug=B3.1%20-%20Governance%20Rules%20(amended%20on%2013%20July%202022)","label":"worldathletics.org","score":8}],"snippetLinks":[{"key":"professional-standards","type":"clause","offset":[10,32]},{"key":"the-performance","type":"clause","offset":[37,52]},{"key":"financial-audit","type":"clause","offset":[56,71]},{"key":"financial-information","type":"clause","offset":[75,96]},{"key":"issued-by","type":"clause","offset":[97,106]},{"key":"international-federation-of-accountants","type":"definition","offset":[107,146]},{"key":"the-international","type":"clause","offset":[155,172]},{"key":"standards-board","type":"clause","offset":[196,211]}],"snippet":"means the professional standards for the performance of financial audit of financial information issued by International Federation of Accountants through the International Auditing and Assurance Standards Board.","hash":"bdfb29f79b9b6a7a64331bb5c4a6ead5","id":1},{"size":2,"samples":[{"uri":"http://documents1.worldbank.org/curated/en/979541468336302901/FA01Conformed1.doc","label":"Financing Agreement","score":21},{"uri":"http://documents1.worldbank.org/curated/ar/979541468336302901/pdf/FA01Conformed1.pdf","label":"Financing Agreement","score":12}],"snippetLinks":[{"key":"set","type":"clause","offset":[10,13]},{"key":"established","type":"clause","offset":[53,64]},{"key":"international-federation-of-accountants","type":"definition","offset":[72,111]}],"snippet":"means the set of international standards of auditing established by the International Federation of Accountants.","hash":"192c50230f05fe30917b94f79b3c6855","id":2},{"size":2,"samples":[{"uri":"https://cdn.centralbankbahamas.com/download/051776400.pdf","label":"cdn.centralbankbahamas.com","score":6},{"uri":"https://bfsb-bahamas.com/wp-content/uploads/2020/07/Central-Bank-of-The-Bahamas-Bill-2020.pdf","label":"bfsb-bahamas.com","score":6}],"snippetLinks":[{"key":"most-recent","type":"definition","offset":[11,22]},{"key":"auditing-standards","type":"clause","offset":[37,55]},{"key":"issued-by","type":"clause","offset":[87,96]},{"key":"international-federation-of-accountants","type":"definition","offset":[101,140]}],"snippet":"means, the most recent international auditing standards, and any other pronouncements, issued by the International Federation of Accountants;","hash":"0519c67771020faaf1f243cb07ec4e74","id":3}],"nextCurs":""}} id=pagination-first-page> |