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 The following list contains the details of the Standards on Auditing (SAs). For the purposes of November, 2009 examinations the students are advised to refer to the  Standards on Auditing (SAs).

The details of the Standards on Auditing (SAs) with  full text are being hosted for the guidance of the students.


S.No.               Standards on Auditing and Number

1.             Basic Principles Governing an Audit (SA 200)*

2.             Objectives and Scope of the Audit of Financial Statements (SA 200A)*

3.             Terms of Audit Engagement (SA 210)

4.             Quality Control for Audit Work (SA 220)

5.             Audit Documentation (230)   (Revised)              

6.             The Auditor’s Responsibility to Consider Fraud and Error in an Audit of Financial Statements (SA 240) (Revised)              

7.             Consideration of Laws and Regulations in an Audit of Financial Statements (SA 250) (Revised)

8.             Communication of Audit Matters with Those Charged with Governance (SA 260) (Revised)

9.             Responsibility of Joint Auditors (SA 299)

10.          Planning an Audit of Financial Statements (300)

11.          Identifying and Assessing the Risk of Material Misstatement Through Understanding the Entity and its Environment (SA 315) (Newly issued)**

12.          Audit Materiality (SA  320) (Revised)

13.          The Auditor’s Responses to Assessed Risks (SA 330) (Newly issued)**

14.          Audit Considerations Relating to Entities Using Service Organisations (SA 402) (Revised)

15.         Evaluation of Misstatements Identified during the Audit (SA 450) (Newly issued)

16.          Audit Evidence (SA 500)

17           Audit Evidence - Additional Considerations for Specific Items (SA 501)

18.          External Confirmations (SA 505)

19.          Initial Engagements – Opening Balances (SA 510) (Revised)

20.          Analytical Procedures (SA 520)

21.          Audit Sampling (SA 530) (Revised)

22.          Auditing of Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures (SA 540) (Revised)

23.          Related Parties (SA 550) (Revised)

24.          Subsequent Events (SA 560) (Revised)

25.          Going Concern (SA 570) (Revised)

26.          Written Representations (SA 580) (Revised)

27.          Using the Work of Another Auditor (SA 600)

28.          Relying Upon the Work of an Internal Auditor (SA 610) (Revised)

29.          Using the Work of an Expert (SA 620)

30.          The Auditor's Report on Financial Statements (SA 700)

31.          Comparatives (SA 710)

32.          Engagements to Compile Financial Information (SRS 4410)

33.          Engagements to Perform Agreed- upon Procedures Regarding Financial Information (SRS 4400)

34.          Engagements to Review Financial Statements (SRE 2400)

35.          The Examination of Prospective Financial Information (SRE 3400)



Presently, SA 200, “Basic Principles Governing an Audit” and SA 200A, “Objective and Scope of an Audit of Financial Statements” correspond to International Standard on Auditing (ISA) 200  (Revised and Redrafted).  Both the SAs are currently being revised in the light of the ISA 200 (Revised and Redrafted).  Post revision, the principles covered by SA 200 (erstwhile AAS 1) and SA 200A  (erstwhile AAS 2) will be merged into one Standard, i.e. SA 200.)

**  SA 315 & SA 330 – become effective in April, 2008. For November 2009 Final (Old) Examination  34 standards on Auditing as given in the Annexure – I. The  Standard on Auditing (SA) 400, “Risk Assessments and Internal Control”, SA 310, “Knowledge of the Business”, and SA 401, “Auditing in a Computer Information Systems Environment”, issued in June 2002, April 2000 and January 2003, respectively, would  stand withdrawn.



Newly issued SA 450 “Evaluation of Misstatements Identified during the Audit” 

effective for all audits relating to accounting periods beginning on or after April 1, 2010.

It is not applicable for the November 2009 examination.


Standards on Auditing


Last Updated on 8th September, 2009

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