Bharat’s Standards on Auditing- A Practitioner’s Guide by CA Kamal Garg – 2nd Edition 2022

Division I

Statutory Auditors’ Practice Pointer References to Engagement and Quality Control Standards

List of Standards of Auditing (SAs), Standards of Review Engagements, Standard on Assurance Engagements (SAEs), Standards on Related Services (SRSs)

Chapter 1      SA 200: Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Standards on Auditing

Chapter 2      SA 210: Agreeing the Terms of Audit Engagements

Chapter 3      SA 220: Quality Control for an Audit of Financial Statements

Chapter 4      SA 230: Audit Documentation

Chapter 5      SA 240: The Auditor’s Responsibility Relating to Fraud in an Audit of Financial Statements

Chapter 6      SA 250: Consideration of Laws and Regulations in an Audit of Financial Statements

Chapter 7      SA 260: Communication with those Charged with Governance (Revised)

Chapter 8      SA 265: Communicating Deficiencies in Internal Control to those Charged with Governance and Management

Chapter 9      SA 299: Joint Audit of Financial Statement (Revised)

Chapter 10    SA 300: Planning an Audit of Financial Statements

Chapter 11    SA 315: Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment

Chapter 12    SA 320: Materiality in Planning and Performing an Audit

Chapter 13    SA 330: The Auditor’s Responses to Assessed Risks

Chapter 14    SA 402: Audit Considerations Relating to an Entity Using a Service Organisation

Chapter 15    SA 450: Evaluation of Misstatements Identified During the Audit

Chapter 16    SA 500: Audit Evidence

Chapter 17    SA 501: Audit Evidence — Specific Considerations for Selected Items

Chapter 18    SA 505: External Confirmations

Chapter 19    SA 510: Initial Audit Engagements — Opening Balances

Chapter 20    SA 520: Analytical Procedures

Chapter 21    SA 530: Audit Sampling

Chapter 22    SA 540: Auditing Accounting Estimates, including Fair Value Accounting Estimates, and Related Disclosures

Chapter 23    SA 550: Related Parties

Chapter 24    SA 560: Subsequent Events

Chapter 25    SA 570: Going Concern (Revised)

Chapter 26    SA 580: Written Representations

Chapter 27    SA 600: Using the Work of Another Auditor

Chapter 28    SA 610: Using the Work of Internal Auditors (Revised)

Chapter 29    SA 620: Using the Work of an Auditor’s Expert

Chapter 30    SA 700: Forming an Opinion and Reporting on Financial Statements (Revised)

Chapter 31    SA 701: Communicating Key Audit Matters in the Independent Auditor’s Report

Chapter 32    SA 705: Modifications to the Opinion in the Independent Auditor’s Report (Revised)

Chapter 33    SA 706: Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report (Revised)

Chapter 34    SA 710: Comparative Information – Corresponding Figures and Comparative Financial Statements

Chapter 35    SA 720: The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements (Revised)

Chapter 36    SA 800: Considerations – Audits of Single Financial Statements Prepared in Accordance with Special Purpose Frameworks

Chapter 37    SA 805: Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement

Chapter 38    SA 810: Engagements to Report on Summary Financial Statements

Chapter 39    SRE 2400: Engagements to Review Historical Financial Statements (Revised)

Chapter 40    SRE 2410: Review of Interim Financial Information Performed by the Independent Auditor of the Entity

Chapter 41    SAE 3400: The Examination of Prospective Financial Information

Chapter 42    SAE 3402: Assurance Reports on Controls at a Service Organisation

Chapter 43    SAE 3420: Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus

Chapter 44    SRS 4400: Engagements to Perform Agreed-upon Procedures regarding Financial Information

Chapter 45    SRS 4410: Compilation Engagements (Revised)

Division II

Statutory Auditors’ Practice Pointers on Accounting Standards, CARO Checklist, Audit Checklists for Items of Financial Statements and Reporting and Letter Formats

Chapter 1      Audit of Items of Financial Statements

Chapter 2       Schedule III (2021 Amendments)

Chapter 3      Companies (Auditor’s Report) Order, 2016 — Checklist

Chapter 4      Companies (Auditor’s Report) Order, 2020 — Checklist

Chapter 5      Practice Pointer Queries on Accounting Standards

Chapter 6      Various Formats for Reporting and Documentation under Engagement and Quality Control Standards

Appendix       Schedule III

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