RESPECTED SIR /MAM ,
MAY I HAVE HEARED THAT THEIR IS COMING SOME CHANGE OR REVISED AAS . IF ANY ONE KNOW ABOUT IT THEN PLZ REPLY BACK
THANKING U !
CA Umashankar Vaishnav (Service in Cement Manufacturing Organization) (1069 Points)
31 December 2008RESPECTED SIR /MAM ,
MAY I HAVE HEARED THAT THEIR IS COMING SOME CHANGE OR REVISED AAS . IF ANY ONE KNOW ABOUT IT THEN PLZ REPLY BACK
THANKING U !
Aditya Jain
(Final (New) November 2011)
(763 Points)
Replied 31 December 2008
I've heard that there are 2 new AAS added. But don't have the exact details.
Yes 4 new AAS are issued.Refer below details:
Revised Auditing Standards on Fair Value, Audit Sampling, Related Parties and Opening Balances
The Council of the Institute in its recently concluded 283rd meeting has approved four more Standards on Auditing. These SAs relate to important aspects in the audit process such as fair value, audit sampling, analytical procedures and opening balances. These new Standards are more elaborate as they provide ample application guidance on various concepts discussed in the Standards.
Gurusamy Raja
(CA Student)
(19 Points)
Replied 13 March 2010
Yes 4 new AAS are issued.Refer below details:
Revised Auditing Standards on Fair Value, Audit Sampling, Related Parties and Opening Balances
The Council of the Institute in its recently concluded 283rd meeting has approved four more Standards on Auditing. These SAs relate to important aspects in the audit process such as fair value, audit sampling, analytical procedures and opening balances. These new Standards are more elaborate as they provide ample application guidance on various concepts discussed in the Standards.
Rahul Bansal
(Finalist)
(35929 Points)
Replied 01 April 2010
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