Rules (CH2)

Rules (CH2)

1. Standards

   • ISA'S
     • Set up by
       • IAASB
         • IFAC
           • ACCA
           • ACA
     • Process
       • I/D areas ISA'S to be improved
       • Allocate resources
       • Consultation
         • Draft
           • Public
             • Big 4
           • 120 days
     • Implamantion
       • National Standards
         • ISAS
         • Set their own
         • Modify
       • EU Company
         • ISAS apply in full automatically
     • Features
       • written by independent auditors in the context of an audit of FS
       • Apply to Historical financial inf'n
       • Guidance performance Audit
       • Principles to be applied
       • To be applied in all cases
         • Exception
           • Auditor deems to departure of the ISAS to achieved overall aim of audit
             • Must justify reason