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Questions and Answers
Which International Standard on Auditing covers the auditor's responses to assessed risks?
Which International Standard on Auditing covers the auditor's responses to assessed risks?
In which International Standard on Auditing can one find guidance on evaluating misstatements identified during the audit?
In which International Standard on Auditing can one find guidance on evaluating misstatements identified during the audit?
Which International Standard on Auditing deals with the responsibilities relating to fraud in an audit of financial statements?
Which International Standard on Auditing deals with the responsibilities relating to fraud in an audit of financial statements?
Under which International Standard on Auditing can one find guidance on communicating deficiencies in internal control to those charged with governance and management?
Under which International Standard on Auditing can one find guidance on communicating deficiencies in internal control to those charged with governance and management?
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Which International Standard on Auditing focuses on the planning of an audit of financial statements?
Which International Standard on Auditing focuses on the planning of an audit of financial statements?
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In which International Standard on Auditing can one find specific considerations for selected items of audit evidence?
In which International Standard on Auditing can one find specific considerations for selected items of audit evidence?
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Which ISA deals with the auditor's responsibilities relating to other information in documents containing audited financial statements?
Which ISA deals with the auditor's responsibilities relating to other information in documents containing audited financial statements?
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Which ISA provides guidance on the use of the work of internal auditors?
Which ISA provides guidance on the use of the work of internal auditors?
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Which ISA focuses on engagements to report on summary financial statements?
Which ISA focuses on engagements to report on summary financial statements?
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Which ISA deals with related parties?
Which ISA deals with related parties?
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Which ISA provides guidance on auditing accounting estimates, including fair value accounting estimates, and related disclosures?
Which ISA provides guidance on auditing accounting estimates, including fair value accounting estimates, and related disclosures?
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Which ISA deals with modifications to the opinion in the independent auditor's report?
Which ISA deals with modifications to the opinion in the independent auditor's report?
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Which ISA provides guidance on using the work of an auditor expert?
Which ISA provides guidance on using the work of an auditor expert?
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Which ISA focuses on audits of group financial statements, including the work of component auditors?
Which ISA focuses on audits of group financial statements, including the work of component auditors?
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Which ISA provides guidance on forming an opinion and reporting on financial statements?
Which ISA provides guidance on forming an opinion and reporting on financial statements?
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Which set(s) of ISA(s) deal with special considerations for audits of financial statements?
Which set(s) of ISA(s) deal with special considerations for audits of financial statements?
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Study Notes
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.
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Description
Test your knowledge of International Standards on Auditing with this quiz covering topics such as overall objectives, audit engagement terms, quality control, audit documentation, fraud responsibilities, and consideration of laws and regulations.
