New series of audit standards

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Dhaval (Querist)
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05 October 2011 The new auditing standards which begins with SA series, why is it so numbered? E.g Why basic principles governing audit is named SA-200 & using work of another auditor named SA-600?

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
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05 October 2011 The main purpose of numbering standaards is to classify and group standards on a particular subject in one series. Different SA series have been given to a particular subject according to their usage and function. It also facilitates easy insertion of any new standard related to particular subject. Here is the Classification:

SA- Standards on Auditing
SRE- Standards on review engagements
SQC- Standard on Quality control
SAE- Standards on Assurance Engagements
SRS- Standard on Related Service Engagements

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