Transcription of INTERNATIONAL STANDARD ON AUDITING 550 RELATED …
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ISA 550 503 AUDITING INTERNATIONAL STANDARD ON AUDITING 550 RELATED PARTIES (Effective for audits of financial statements for periods beginning on or after December 15, 2009) CONTENTS Paragraph Introduction Scope of this ISA .. 1 Nature of RELATED party Relationships and transactions .. 2 Responsibilities of the Auditor .. 3 7 Effective Date .. 8 Objectives .. 9 Definitions .. 10 Requirements Risk Assessment Procedures and RELATED Activities .. 11 17 Identification and Assessment of the Risks of Material Misstatement Associated with RELATED party Relationships and transactions .. 18 19 Responses to the Risks of Material Misstatement Associated with RELATED party Relationships and transactions .. 20 24 Evaluation of the Accounting for and Disclosure of Identified RELATED party Relationships and transactions .. 25 Written Representations .. 26 Communication with Those Charged with Governance .. 27 Documentation .. 28 Application and Other Explanatory Material Responsibilities of the Auditor.
RELATED PARTIES 505 ISA 550 AUDITING Introduction Scope of this ISA 1. This International Standard on Auditing (ISA) deals with the auditor’s responsibilities relating to related party rela tionships and transactions in an audit of
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Chromatic India Limited Related Party Transactions, Chromatic India Limited “Related Party Transactions, RELATED PARTY TRANSACTIONS, Limited-Related Party Transactions Policy & Procedures, Related party, Party, Related, Related Party Transactions and Minority Shareholder Rights, OECD, Related Party Disclosures