IAASB approves eight redrafted auditing standards
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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