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IASB Main Agenda (April 2004) Page 2004469Agenda Item 7AINTERNATIONAL STANDARD ON AUDITING 230 (REVISED) AUDIT DOCUMENTATION (Effective for audits of historical financial information for periods commencing
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The international standard on auditing (ISA) is a set of guidelines and principles established by the International Auditing and Assurance Standards Board (IAASB) for auditors to follow when conducting audits.
Auditors who are conducting audits of financial statements are required to follow the international standard on auditing.
Auditors must carefully review the ISA guidelines and apply them to their audit procedures to ensure compliance.
The purpose of the international standard on auditing is to ensure that auditors maintain high levels of quality and consistency when performing audits.
Auditors must report on the accuracy and fairness of the financial statements being audited, as well as any findings or discrepancies uncovered during the audit process.
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