Does any idea which of the following lists for Standards on Auditing are applicable for the November 2010 exam.
The first list is the old list which has auditing standards revised on 1st April 2009:
1. Quality Control for Firms that Perform Audits and Reviews of Historical Financial
Information, and Other Assurance and Related Services Engagements (SQC 1)
2. Basic Principles Governing an Audit (SA 200)
3. Objectives and Scope of the Audit of Financial Statements (SA 200A)
4. Agreeing the Terms of Audit Engagements (SA 210) (Revised)
5. Quality Control for Audit Work (SA 220)
6. Audit Documentation (SA 230) (Revised)
7. The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
(SA 240) (Revised)
8. Consideration of Laws and Regulations in an Audit of Financial Statements (SA 250)
(Revised)
9. Communication with Those Charged with Governance (SA 260) (Revised)
10. Communicating Deficiencies in Internal Control to Those Charged With Governance
and Management (SA 265) (Newly Issued)
11. Responsibility of Joint Auditors (SA 299)
12. Planning an Audit of Financial Statements (SA 300) (Revised)
13. Identifying and Assessing the Risk of Material Misstatement through Understanding
the Entity and its Environment (SA 315) (Newly Issued)*
14. Materiality in Planning and Performing an Audit (SA 320) (Revised)
15. The Auditor’s Responses to Assessed Risks (SA 330) (Newly issued)*
16. Audit Considerations Relating to Entities Using Service Organisations (SA 402)
(Revised)
17. Evaluation of Misstatements identified During the Audit (SA 450) (Newly Issued)
18. Audit Evidence (SA 500) (Revised)
19. Audit Evidence – Additional Considerations for Specific items (SA 501)
20. External Confirmations (SA 505)
21. Initial Audit Engagements – Opening Balances (SA 510) (Revised)
22. Analytical Procedures (SA 520)
23. Audit Sampling (SA 530) (Revised)
24. Auditing Accounting Estimates, Including Fair Value Accounting Estimates and
Related Disclosures (SA 540)(Revised)
25. Related Parties (SA 550) (Revised)
26. Subsequent Events (SA 560) (Revised)
27. Going Concern (SA 570) (Revised)
28. Written Representations (SA 580) (Revised)
29. Using the Work of another Auditor (SA 600)
30. Using the Work of an Internal Auditor (SA 610) (Revised)
31. Using the Work of an Expert (SA 620)
32. The Auditor’s Report on Financial Statements (SA 700)
33. Comparatives (SA 710)
34. The Auditor’s Responsibility in Relation to Other Information in Documents
Containing Audited Financial Statements (SA 720) (Newly Issued)
35. Engagements to Compile Financial Information (SRS 4410)
36. Engagements to Perform Agreed- upon Procedures Regarding Financial
Information (SRS 4400)
37. Engagements to Review Financial Statements (SRE 2400)
38. The Examination of Prospective Financial Information (SAE 3400)
The Second list is the new list which has auditing standards revised as on 1st April 2010
The list of Publication applicable for Nov 2010 exams mentions the old/first list
but this link gives the SAs as per the new list: https://www.icai.org/post.html?post_id=450&c_id=141
so which list is applicable plz clarify
CAclubindia
