Month: April 2021

INTRODUCTION   1.1 APB Ethical Standards for Auditors require an auditor to be independent from the entity that it is appointed to audit.  There is a substantial degree of similarity between an audit opinion and the nature of assurance provided… Read More

INTRODUCTION   The APB issues Ethical Standards which set out the standards that auditors are required to comply with in order to discharge their responsibilities in respect of their integrity, objectivity and independence. The Ethical Standards 1 to 5 address… Read More

INTRODUCTION   APB Ethical Standard 1 requires the audit engagement partner to identify and assess the circumstances which could adversely affect the auditor’s objectivity (‘threats’), including any perceived loss of independence, and to apply procedures (‘safeguards’) which will either: eliminate… Read More

 INTRODUCTION   APB Ethical Standard 1 requires the audit engagement partner to identify and assess the circumstances which could adversely affect the auditor’s objectivity (‘threats’), including any perceived loss of independence, and to apply procedures (‘safeguards’) which will either: eliminate… Read More

INTRODUCTION   APB Ethical Standard 1 requires the audit engagement partner to identify and assess the circumstances which could adversely affect the auditor’s objectivity (‘threats’), including any perceived loss of independence, and to apply procedures (‘safeguards’) which will either: eliminate… Read More

APB Ethical Standard 1 requires the audit engagement partner to identify and assess the circumstances which could adversely affect the auditor’s objectivity (‘threats’), including any perceived loss of independence, and to apply procedures (‘safeguards’) which will either: eliminate the threat;… Read More

INTRODUCTION   The financial statements of an entity may have a number of different users. For example, they may be used by suppliers and customers, joint venture partners, bankers and other suppliers of finance, taxation and regulatory authorities, employees, trades… Read More

COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE FORMING AN OPINION AND REPORTING ON FINANCIAL STATEMENTS ACCOUNTS PAYABLE AGREEING THE TERMS OF AUDIT ENGAGEMENTS ASSURANCE ENGAGEMENTS OTHER THAN AUDITS OR REVIEWS OF HISTORICAL FINANCIAL INFORMATION INTERNATIONAL FRAMEWORK FOR ASSURANCE ENGAGEMENTS AUDIT EVIDENCE—ADDITIONAL… Read More

Introduction Scope of this ISA This International Standard on Auditing (ISA) deals with the auditor’s responsibility to request written representations, and the auditor’s actions when relevant parties do not provide the requested written representations, or when the auditor concludes that… Read More

Introduction The purpose of this International Standard on Auditing (ISA) is to establish standards and to provide guidance on obtaining an understanding of the entity and its environment, including its internal control, and on assessing the risks of material misstatement… Read More