International Standards on Auditing Quiz

International Standards on Auditing (ISA)

• ISA 315 covers the auditor's responses to assessed risks.

Evaluating Misstatements

• ISA 450 provides guidance on evaluating misstatements identified during the audit.

Fraud in Financial Statements

• ISA 240 deals with the responsibilities relating to fraud in an audit of financial statements.

Communicating Internal Control Deficiencies

• ISA 265 provides guidance on communicating deficiencies in internal control to those charged with governance and management.

Planning an Audit

• ISA 300 focuses on the planning of an audit of financial statements.

Audit Evidence

• ISA 501 provides specific considerations for selected items of audit evidence.

Other Information in Audited Financial Statements

• ISA 720 deals with the auditor's responsibilities relating to other information in documents containing audited financial statements.

Using the Work of Internal Auditors

• ISA 610 provides guidance on the use of the work of internal auditors.

Engagements to Report on Summary Financial Statements

• ISA 810 focuses on engagements to report on summary financial statements.

Related Parties

• ISA 550 deals with related parties.

Auditing Accounting Estimates

• ISA 540 provides guidance on auditing accounting estimates, including fair value accounting estimates, and related disclosures.

Modifications to the Auditor's Opinion

• ISA 705 deals with modifications to the opinion in the independent auditor's report.

Using the Work of an Auditor's Expert

• ISA 620 provides guidance on using the work of an auditor's expert.

Audits of Group Financial Statements

• ISA 600 focuses on audits of group financial statements, including the work of component auditors.

Forming an Opinion and Reporting

• ISA 700 provides guidance on forming an opinion and reporting on financial statements.

Special Considerations for Audits

• ISA 800 and ISA 805 deal with special considerations for audits of financial statements.