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Executive Summary:

ISSAI 1800 – Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks

Purpose:

This Practice Note provides supplementary guidance on ISA 800: Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks.

ISSAI Category:

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

Target Group:

Public sector external auditors

Principle:

ISAs in the 100-700 series apply to an audit of financial statements and are to be adapted as necessary in the circumstances when applied to audits of other historical information.

ISA 800 deals with special considerations in the application of those ISAs to an audit of financial statements in accordance with a special purpose framework.

Scope - Content:

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

  • Definitions of special purpose framework
  • Considerations when accepting the engagement
  • Forming an opinion and reporting considerations.

An appendix to the ISA provides illustrations of auditor’s reports on special purpose financial statements.

Author - Committee:

INTOSAI Professional Standards Committee – Financial Audit Subcommittee

Status:

Approved at XIXth Congress of INTOSAI, Mexico 2007

Download:

http://www.issai.org/en_us/site-issai/issai-framework/4-auditing-guidelines.htm

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

ISA 800 is written in the context of a complete set of financial statements prepared in accordance with a special purpose framework.

It is related to ISA 805, which deals with special considerations relevant to an audit of a single financial statement or of a specific element, account or item of a financial statement.


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