ISA 530 (Audit Sampling) & ISA 550 (Related Parties)| Nov 2024
4 Hours, 25 Nov 2024, 10:00 AM-2:00 PM
ISA 530 (Audit Sampling)
- To design and select appropriate samples
- perform audit procedures on them
- Evaluate the results to provide sufficient and appropriate audit evidence for drawing conclusions about the financial statements.
ISA 550 (Related Parties):
- To obtain evidence regarding related party relationships and transactions
- Assess the risks of material misstatements
- Ensure proper disclosure of these transactions in the financial statements.