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…Continue reading(ESRA) APB Ethical Standard for Reporting Accountants

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,…Continue readingES APB ETHICAL STANDARD PROVISIONS AVAILABLE FOR SMALL ENTITIES (REVISED)

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…Continue readingES-5 APB ETHICAL STANDARD 5 (REVISED) NON-AUDIT SERVICES PROVIDED TO AUDITED ENTITIES

 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…Continue readingES-4 APB ETHICAL STANDARD 4 (REVISED) FEES, REMUNERATION AND EVALUATION POLICIES, LITIGATION, GIFTS AND HOSPITALITY

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…Continue readingES-3 APB ETHICAL STANDARD 3 (REVISED) LONG ASSOCIATION WITH THE AUDIT ENGAGEMENT

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…Continue readingES-2 APB ETHICAL STANDARD 2 (REVISED) FINANCIAL, BUSINESS, EMPLOYMENT AND PERSONAL RELATIONSHIPS

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…Continue readingES-1 APB ETHICAL STANDARD 1 (REVISED) INTEGRITY, OBJECTIVITY AND INDEPENDENCE

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…Continue readingINTERNATIONAL STANDARDS IN AUDITING (ISA)

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…Continue readingWRITTEN PRESENTATION ISA 580

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…Continue readingUNDERSTANDING THE ENTITY AND ITS ENVIRONMENT AND ASSESSING THE RISKS OF MATERIAL MISSTATEMENT