ISA 200 – Overall Objective of the Independent Auditor, and the Conduct of an Audit in Accordance with International Standards on Auditing
4 Hours, 19 Feb 2024, 10:00 AM-2:00 PM
INTERNATIONAL
STANDARD ON AUDITING 200
OBJECTIVE AND GENERAL PRINCIPLES GOVERNING
AN AUDIT OF FINANCIAL STATEMENTS
The purpose of this International Standard on Auditing
(ISA) is to establish standards and provide guidance on the objective and
general principles governing an audit of financial statements.
It also describes management’s responsibility for the
preparation and presentation of the financial statements and for identifying
the financial reporting framework to be used in preparing the financial
statements.
There are several key elements to ISA 200:
Objectives that clearly state the overall objectives
of the auditor;
Definitions that clarify key terms relevant
to auditing generally; and
Requirements that set out the conduct of an
audit.
