ISA 510 ( Initial Audit engagement – Opening balances ) & ISA 520 ( Analytical Procedures ) & ISA 530 ( Audit Sampling )
4 Hours, 24 Jun 2024, 10:00 AM-2:00 PM
ISA: 520 --- Introduction Scope of this ISA 1 Effective Date 2 Objectives .
3 Definition 4 Requirements Substantive Analytical Procedures 5 Analytical Procedures that Assist When Forming an Overall Conclusion 6 Investigating Results of Analytical Procedures 7 Application and Other Explanatory
Material Definition of Analytical Procedures A1–A3 Substantive
Analytical Procedures A4–A16 Analytical Procedures that Assist When Forming an Overall Conclusion A17–A19 Investigating Results of Analytical Procedures A20–A21
ISA 530 --- Introduction Scope of this ISA 1−2 Effective Date 3 Objective 4 Definitions 5 Requirements Sample Design, Size and Selection of Items for Testing 6−8 Performing Audit Procedures 9−11
Nature and Cause of Deviations and Misstatements 12−13 Projecting Misstatements 14
Evaluating Results of Audit Sampling 15 Application and
Other Explanatory Material Definitions A1−A3 Sample Design, Size and Selection of Items for Testing A4−A13 Performing Audit Procedures A14−A16
Nature and Cause of Deviations and Misstatements A17 Projecting Misstatements A18−A20 Evaluating Results of Audit Sampling A21−A23 Appendix 1:
Stratification and Value-Weighted Selection Appendix 2: Examples of Factors
Influencing Sample Size for Tests of Controls Appendix 3: Examples of Factors
Influencing Sample Size for Tests of Details Appendix 4: Sample Selection
Methods
ISA 510 -- Introduction Scope of this ISA 1 Effective Date 2 Objective 3 Definitions 4 Requirements Audit Procedures 5−9 Audit Conclusions and Reporting 10−13
Application and Other Explanatory Material Audit Procedures A1−A7 Audit Conclusions and Reporting A8−A9
Appendix: Illustrations of Auditors’ Reports with Modified Opinions