Standards on Auditing (SA)

S.No.

SA

Title of Standard on Auditing

Effective Date

1

AAS-1

SA 200

Basic Principles Governing an Audit

April 1, 1985

2

AAS-2

SA 200 A

Objective and Scope of the Audit of Financial Statements

April 1, 1985

3

AAS-26

SA 210

Agreeing the Terms of Audit Engagements (Published in Journal Issue  Sept., 2009)

April 1, 2010

4

AAS-17

SA 220

Quality Control for Audit Work

April 1, 1999

5

AAS-3

SA 230

Audit Documentation (Published in Journal Issue Jan., 2009  )

April 1, 2009

6

AAS-4

SA 240

The Auditor’s responsibilities Relating to Fraud in an Audit of Financial Statements

( Published in Journal Issue Dec., 2007)

April 1, 2009

7

AAS-21

SA 250

Consideration of Laws and Regulations in An Audit of Financial Statements

 ( Published in Journal Issue Dec., 2008)

April 1, 2009

8

AAS-27

SA 260

Communication with Those Charged with Governance  ( Published in Journal Issue Dec., 2008)

April 1, 2009

9

NEW

SA 265

Communicating Deficiencies in Internal Control to Those Charged with Government and Management  ( Published in Journal Issue Sept., 2009)

April 1, 2010

10

AAS-12

SA 299

Responsibility of Joint Auditors

April 1, 1996

11

AAS-8

SA 300

Planning an Audit of Financial Statements

( Published in Journal Issue Dec., 2007)

April 1, 2008

12

(NEW SA instead of AAS-6 which stand withdrawn)

SA 315

Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment  ( Published in Journal Issue Feb., 2008)

April 1, 2008

13

AAS-13

SA 320

Materiality in Planning and Performing an Audit  ( Published in Journal Issue August, 2009)

April 1, 2010

14

(NEW SA instead of AAS-6 which stand withdrawn as on date)

SA 330

The Auditor’s Responses to Assessed Risks

( Published in Journal Issue Feb., 2008)

April 1, 2008

15

AAS-24

SA 402

Audit Considerations Relating to an Entity Using a Service Organization  ( Published in Journal  Issue August, 2009)

April 1, 2010

16

New

SA 450

Evaluation of Misstatements Identified during the Audits( Published in Journal  Issue August, 2009)

April 1, 2010

17

AAS-5

SA 500

Audit Evidence ( Published in Journal  Issue April, 2009)

April 1, 2009

18

AAS-30

SA 505

External Confirmation

April 1, 2003

19

AAS-22

SA 510

Initial Audit Engagements-Opening Balances ( Published in Journal  Issue March, 2009)

April 1, 2010

20

AAS-14

SA 520

Analytical Procedure

April 1, 1997

21

AAS-15

SA 530

Audit Sampling ( Published in Journal  Issue Feb., 2009)

April 1, 2009

22

AAS-18

SA 540

Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures( Published in Journal  Issue Feb., 2009)

April 1, 2009

23

AAS-23/

SA 550

Related Parties ( Published in Journal  Issue March, 2009)

April 1, 2010

24

AAS-19

SA 560

Subsequent Events ( Published in Journal  Issue Jan., 2009)

April 1, 2009

25

AAS-16

SA 570

Going Concern ( Published in Journal  Issue Dec., 2008)

April 1, 2009

26

AAS-11

SA 580

Written Representations ( Published in Journal  Issue Oct., 2008)

April 1, 2009

27

AAS-10

SA 600

Using the Work of Another Auditor

April 1, 2002

28

AAS-7

SA 610

Using the Work of Internal Auditors ( Published in Journal  Issue August, 2009)

April 1, 2010

29

AAS-9

SA 620

Using the Work of an Expert

April1, 1991

30

AAS-28

SA 700

The Auditor’s Report on Financial Statements

April 1, 2003

31

AAS-25

SA 710

Comparatives

April 1, 2003

32

NEW

SA 720

The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

( Published in Journal  Issue April, 2009)

April 1, 2010