ICAI Issues SA 800 (Revised), SA 805 (Revised) and SA 810 (Revised)

Last updated: 08 February 2024

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The Institute of Chartered Accountants of India (ICAI) has issued revised Standards on Auditing (SAs) for specific engagement types. These include SA 800 (Revised) for special purpose frameworks, SA 805 (Revised) for single financial statements or specific elements, and SA 810 (Revised) for summary financial statements. These updated standards will come into effect for financial years commencing on or after 1st April 2024, meaning they will apply to audits for the 2024-25 financial year and subsequent periods.

Auditing and Assurance Standards Board
The Institute of Chartered Accountants of India
7th February, 2024

Issuance of SA 800 (Revised), SA 805 (Revised), SA 810 (Revised)

ICAI Issues Revised Auditing Standards SA 800, 805, 810

The Institute of Chartered Accountants of India (ICAI) is issuing the following revised Standards on Auditing (SAs):

S.No.	Standards	Link
1	SA 800(Revised), "Special Considerations - Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks"	Please click here to download
2	SA 805(Revised), "Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement"	Please click here to download
3	SA 810(Revised), "Engagements to Report on Summary Financial Statements"	Please click here to download

These Standards will be applicable to audits/engagements for financial years beginning on or after 1st April 2024 i.e., these Standards will be applicable to audits/engagements for the financial year 2024-25 and onwards.

The members may note that extant SA 800, SA 805, SA 810 will continue to apply till audits/engagements for the financial year 2023-24. Extant SA 800, SA 805, SA 810 are available on ICAI’s website at the following link:
https://www.icai.org/Resources.html?mod=7

FAQ :

The ICAI has issued revised Standards on Auditing (SAs) numbered SA 800 (Revised), SA 805 (Revised), and SA 810 (Revised).

SA 800 (Revised) deals with special considerations for audits of financial statements prepared in accordance with special purpose frameworks.

SA 805 (Revised) covers special considerations for audits of single financial statements and specific elements, accounts, or items of a financial statement.

SA 810 (Revised) pertains to engagements to report on summary financial statements.

These revised standards are applicable to audits and engagements for financial years beginning on or after 1st April 2024, which includes the financial year 2024-25 and onwards.

The current versions of SA 800, SA 805, and SA 810 will continue to apply until audits and engagements for the financial year 2023-24.

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