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ASA 805 (October 2009)Auditing Standard ASA 805 Special Considerations Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement Issued by the Auditing
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ASA 805 refers to the standard for auditing single financial statements and specific elements, accounts or items of a financial statement.
Entities or companies that are required to have their financial statements audited by an independent auditor are required to file ASA 805.
To fill out ASA 805, the auditor should follow the auditing standards and guidelines provided by the auditing regulatory body in their jurisdiction. They should gather relevant information, conduct necessary procedures, and document their findings and conclusions.
The purpose of ASA 805 is to establish standards and provide guidance on auditing single financial statements with the aim of expressing an opinion on whether the financial statement is prepared in accordance with the applicable financial reporting framework.
The information reported on ASA 805 includes the financial statement being audited, the financial reporting framework used, the auditor's opinion, and any other relevant findings and conclusions.
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