IAASB approves eight redrafted auditing standards

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16 Dec 2008

The International Auditing and Assurance Standards Board (IAASB) has published seven clarified International Standards on Auditing (ISAs) and one clarified International Standard on Quality Control (ISQC), as follows:

  • International Standard on Quality Control (ISQC) 1 (Redrafted) Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance and Related Services Engagements
  • ISA 220 (Redrafted) Quality Control for an Audit of Financial Statements
  • ISA 500 (Redrafted) Audit Evidence
  • ISA 501 (Redrafted) Audit Evidence-Specific Considerations for Selected Items
  • ISA 505 (Revised and Redrafted) External Confirmations
  • ISA 520 (Redrafted) Analytical Procedures
  • ISA 620 (Redrafted) Using the Work of an Auditor's Expert
  • ISA 710 (Redrafted) Comparative Information-Corresponding Figures and Comparative Financial Statements

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