international standard on auditing

Key points from ISA 200 (Overall objective of independent auditor and the conduct of an audit in accordance with ISAs

Key points from ISA 200 (Overall objective of the independent auditor and the conduct of an audit in accordance with ISAs).

After reading ISA 200 here are key points I have taken from it:

This international standard on Auditing (ISA) deals with an independent auditor’s overall responsibilities when conducting an audit of financial statements in accordance with ISAs

ISA 200 explains the scope, authority, and structure of ISAs.

ISAs are written in the context of an audit of financial statements by … Read the rest

Objectives of a limited assurance engagement.

The objective of a limited assurance engagement is a reduction in assurance engagement risk to a level that is
acceptable in the circumstances of the engagement, but where that risk is greater than for a reasonable
Assurance engagement, as the basis for a negative form of expression of the practitioner’s conclusion.

In a limited assurance engagement, the practitioner:
gathers sufficient … Read the rest