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ISSAI Executive Summaries

Executive Summary:

ISSAI 1300 – Planning an Audit of Financial Statements


This Practice Note provides supplementary guidance on ISA 300 – Planning an Audit of Financial Statements (redrafted version as at April 2009)

ISSAI Category:

Level 4: General Auditing Guidelines - General Auditing Guidelines on Financial Audit

Target Group:

Public sector external auditors


ISA 300 deals with the auditor's responsibility to plan an audit of financial statements in the context of recurring audits.

The Appendix to ISA 300 provides examples of matters the auditor may consider in establishing the overall audit strategy.

Scope - Content:

The Practice Note provides additional guidance for public sector auditors related to

  • The role and timing of planning
  • Preliminary engagement activities
  • Planning activities
  • Considerations specific for smaller entities
  • Documentation
  • Additional considerations in initial audit engagements
  • Specific considerations for public sector auditors with a judicial role
Author - Committee:

INTOSAI Professional Standards Committee – Financial Audit Subcommittee


Approved at XIXth Congress of INTOSAI, Mexico 2007


Related Documents - Executive Summaries:
Related Documents - ISSAI Full Versions:
Related Documents - Others:

ISA 200 – Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing

ISA 300 - Planning an Audit of Financial Statements (redrafted version as at April 2009)

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