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Interpretation and application of international standards on auditing
Auditing throughout the world has undergone a substantial amount of change in recent years. The well-publicised corporate disasters that rocked the profession over the last few years have largely contributed to these changes. In many countries domestic standards were replaced with International Standards on Auditing (ISAs) in an attempt to ensure that auditors throughout the world were applying the same level of standards throughout an audit assignment and, thus, ensuring that audit quality remained consistent on a country by country basis.
Standards, whether they are International Financial Reporting Standards (IFRS) or ISAs, frequently change in an attempt to improve and clarify their application throughout the audit and accounting profession. This publication aims to assist auditors in the interpretation and application of auditing standards as it is often the case that many ISAs can be extremely complex and difficult to apply in real life situations. Throughout the profession, audit firms are often criticised for failing to apply auditing standards sufficiently enough to enable an efficient audit to take place. In today’s modern profession the correct application of auditing standards is pivotal – not only to demonstrate to professional regulators that auditing standards have been applied throughout an audit assignment – but also to ensure the audit client receives a service that is both beneficial and cost effective to them, and undertaken in accordance with a prescribed framework.
This publication looks at the full ISAs. Most jurisdictions have adopted ISAs but have tailored them to their specific requirements, for example the UK has adopted ISAs but they are termed ISA (UK and Ireland). This publication has been written following the IAASB `Clarity Project’ which is discussed in Chapter 2. The final versions of the Clarified standards were issued in October 2009. The new standards, on which this publication is based, come into effect for audits for periods commencing on or after 15 December 2009, thus, in many cases, auditors will not be affected by this deadline until audits of December 2010 year ends.
Notwithstanding that the Clarified standards may not affect some auditors until December 2010 year ends, it is imperative that auditors are in the process of considering how they will be ready to implement the Clarified standards and this publication aims to assist accountants and auditors in understanding the requirements of each Clarified standard together with the Ethical standards by which professional accountants are bound.
Packed with illustrations, this publication illustrates the practicalities in applying the Clarified ISAs, providing a summary of the main technical content of the IFRS/IAS and providing illustrative financial statements and auditors’ reports.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 657. 45 COL i | PSB lt.1 - B. Wajib | 1 |
| Penerbit | New York John Wiley & Sons., 2011 |
|---|---|
| Edisi | - |
| Subjek | Auditing Financial statements |
| ISBN/ISSN | 9780470979709 |
| Klasifikasi | 657. 45 |
| Deskripsi Fisik | xv, 648 p. : ill. ; 30 cm |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
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