Short Cut To Remember AAS

Rahul Gupta (CA Final Student) (1785 Points)

26 September 2008  

Hi friends,

I am giving a short cut to remember AAS.

This is not my creativity but would like to share this. i know its funny but there should be some smart study also.

The code goes this way....

"Bring Out Dharmendra For A successful Reel And Use Rekha's, Rani's Most Preferrable Scene, Getting Quality Element, Sure Knowingly Cinema In Reality, See, Compare The Cinema, Rekha's Cinema"

*the letter R and U are for 2 times

*successful will not be used..its included to understand the code easily.

AAS 1

 Basic Principles Governing an Audit  B -Basic

AAS 2

 Objective and Scope of the Audit of Financial Statements  O-objective

AAS 3

 Documentation   D-documentation

AAS 4
(Revised)

 The Auditor's Responsibility to Consider Fraud and Error in an Audit of Financial Statements  F-fraud

AAS 5

 Audit Evidence   A

AAS 6 (Revised)

 Risk Assessments and Internal Control    R

AAS 7

 Relying Upon the Work of an Internal Auditor   R

AAS 8

 Audit Planning   A

AAS 9

 Using the Work of an Expert   U

AAS 10
(Revised)

 Using the Work of Another Auditor (Revised)  U

AAS 11

Representations by Management   R

AAS 12

Responsibility of Joint Auditors   R

AAS 13

Audit Materiality   M-materiality

AAS 14

Analytical Procedures   P-procedures

AAS 15

Audit Sampling   S-sampling

AAS 16

Going Concern  G

AAS 17

Quality Control for Audit Work   Q

AAS 18

Audit of Accounting Estimates   E-estimates

AAS 19

Subsequent Events   S

AAS 20

Knowledge of the Business  K
AAS 21 Consideration of Laws and Regulations in an Audit of Financial Statements  C
AAS 22 Initial Engagements -- Opening Balance  I
AAS 23 Related Parties  R
AAS 24 Audit Considerations Relating to Entities Using Service Organisations  S-service
AAS 25 Comparatives  C
AAS 26 Terms of Audit Engagement T
AAS 27 Communications of Audit Matters with Those Charged with Governance  C
AAS 28 The Auditor's Report on Financial Statements  R-report
AAS 29 Auditing in a Computer Information Systems Environment  C-computer information systems
AAS 30 External Confirmations NA 
AAS 31 Engagements to Compile Financial Statements  NA
AAS 32 Engagements to Perform Agreed-upon Procedures regarding Financial Information  NA
AAS 33 Engagements to Review Financial Statements NA
AAS 34 Audit Evidence - Additional Considerations for Specific Items  NA
AAS 35 The Examination Of Prospective Financial Information


I hope it would be helpful

Regards

Rahul Gupta