International Standards on Auditing
International Standards on Auditing (ISAs) are standards issued by the IAASB for audits of historical financial information. They establish the auditor’s objectives and requirements, supported by application and other explanatory material. Whether a jurisdiction adopts them and which edition is applicable depends on law, regulation and the engagement; other pronouncements address different services.
Worked example
An audit team applies the relevant risk-assessment and reporting ISAs to a financial-statement audit performed under ISAs.
Common mistake
Do not assume an ISA automatically applies in every jurisdiction or that all assurance and related services are governed by the ISAs.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |