ISA 250 (Revised) — Consideration of Laws and Regulations in an Audit of Financial Statements

ISA 250 (Revised) is an international pronouncement addressing the auditor’s responsibilities relating to laws and regulations in a financial-statement audit. It addresses the auditor’s consideration of laws and regulations and the response to identified or suspected non-compliance, including appropriate communication. Responsibilities differ between laws directly affecting material amounts or disclosures and other laws with an indirect effect.