International Auditing and Assurance Standards Board

International Auditing and

Assurance Standards Board

?

Handbook of International

Quality Control, Auditing,

Review, Other Assurance,

and Related Services

Pronouncements

2016¨C2017 Edition

Volume I

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HANDBOOK OF INTERNATIONAL

QUALITY CONTROL, AUDITING, REVIEW, OTHER

ASSURANCE, AND RELATED SERVICES

PRONOUNCEMENTS

PART I

CONTENTS

Page

Changes of Substance from the 2015 Edition of the Handbook and Recent

Developments .........................................................................................

1¨C4

The International Federation of Accountants¡¯ Role .......................................

5

Structure of Pronouncements Issued by the International Auditing and

Assurance Standards Board ....................................................................

6

Preface to the International Quality Control, Auditing, Review, Other

Assurance, and Related Services Pronouncements .................................

7¨C11

Glossary of Terms ..........................................................................................

12¨C42

INTERNATIONAL STANDARDS ON QUALITY CONTROL

ISQC 1, Quality Control for Firms that Perform Audits and Reviews of Financial

Statements and Other Assurance and Related Services Engagements .... 43¨C78

AUDITS OF HISTORICAL FINANCIAL INFORMATION

200¨C299 GENERAL PRINCIPLES AND RESPONSIBILITIES

ISA 200, Overall Objectives of the Independent Auditor and the Conduct

of an Audit in Accordance with International Standards on Auditing .... 79¨C108

ISA 210, Agreeing the Terms of Audit Engagements ................................... 109¨C133

ISA 220, Quality Control for an Audit of Financial Statements .................... 134¨C152

ISA 230, Audit Documentation ..................................................................... 153¨C165

ISA 240, The Auditor¡¯s Responsibilities Relating to Fraud in an Audit

of Financial Statements .......................................................................... 166¨C209

ISA 250, Consideration of Laws and Regulations in an Audit of

Financial Statements ............................................................................... 210¨C224

ISA 260 (Revised), Communication with Those Charged with Governance.. 225¨C254

ISA 265, Communicating Deficiencies in Internal Control to Those

Charged with Governance and Management .......................................... 255¨C266

CONTENTS PART I

HANDBOOK OF INTERNATIONAL QUALITY CONTROL, AUDITING, REVIEW,

OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS

PART I

300¨C499 RISK ASSESSMENT AND RESPONSE TO ASSESSED RISKS

ISA 315 (Revised), Identifying and Assessing the Risks of Material

Misstatement through Understanding the Entity and Its Environment ... 280¨C337

ISA 320, Materiality in Planning and Performing an Audit ........................... 338¨C346

ISA 330, The Auditor¡¯s Responses to Assessed Risks .................................. 347¨C369

ISA 402, Audit Considerations Relating to an Entity Using a Service

Organization ........................................................................................... 370¨C393

ISA 450, Evaluation of Misstatements Identified during the Audit ............... 394¨C408

500¨C599 AUDIT EVIDENCE

ISA 500, Audit Evidence ............................................................................... 409¨C425

ISA 501, Audit Evidence¡ªSpecific Considerations for Selected Items ....... 426¨C436

ISA 505, External Confirmations ................................................................... 437¨C448

ISA 510, Initial Audit Engagements¡ªOpening Balances ............................. 449¨C462

ISA 520, Analytical Procedures ..................................................................... 463¨C470

ISA 530, Audit Sampling ............................................................................... 471¨C488

ISA 540, Auditing Accounting Estimates, Including Fair Value

Accounting Estimates, and Related Disclosures ..................................... 489¨C533

ISA 550, Related Parties ................................................................................ 534¨C561

ISA 560, Subsequent Events .......................................................................... 562¨C574

ISA 570 (Revised), Going Concern ............................................................... 575¨C604

ISA 580, Written Representations ................................................................. 605¨C621

600¨C699 USING THE WORK OF OTHERS

ISA 600, Special Considerations¡ªAudits of Group Financial Statements

(Including the Work of Component Auditors) ........................................ 622¨C672

ISA 610 (Revised 2013), Using the Work of Internal Auditors ..................... 673¨C696

ISA 620, Using the Work of an Auditor¡¯s Expert .......................................... 697¨C717

700¨C799 AUDIT CONCLUSIONS AND REPORTING

ISA 700 (Revised), Forming an Opinion and Reporting on Financial

Statements ............................................................................................... 718¨C773

ISA 701, Communicating Key Audit Matters in the Independent Auditor¡¯s

Report ..................................................................................................... 774?797

CONTENTS PART I

INTERNATIONAL STANDARDS ON AUDITING AND QUALITY CONTROL CONTENTS PART I

ISA 300, Planning an Audit of Financial Statements ..................................... 267¨C279

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