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audit in accordance with ISAs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › audit in accordance with ISAs

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Kim Smith.
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  • August 13, 2021 at 9:36 am #631427
    Noah098
    Member
    • Topics: 935
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    1. We conducted our audit in accordance with International Standards on Auditing.

    2. We conducted our audit in accordance with International Standards on Auditing applicable to this audit

    maam what makes statement 2 false while statement 1 true?

    August 13, 2021 at 9:55 am #631430
    Kim Smith
    Keymaster
    • Topics: 132
    • Replies: 8265
    • ☆☆☆☆☆

    Again you give me no context. 1 is as stated in an auditor’s report.
    It is quite unnecessary to add to this – it is implicit that ISAs only apply if relevant.

    Similarly, the opinion states “In our opinion …. in accordance with International Financial Reporting Standards”…. it doesn’t caveat this in any way by saying only those IFRS Standards that are relevant to the financial statements.

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