Standards on Auditing - Completion and Review

In an audit of financial statements conducted in accordance with Standards on Auditing issued by the Institute of Chartered Accountants of India, SA 560, SA 570, and SA 580 address important responsibilities of the auditor toward the completion stage of the audit. SA 560 requires the auditor to perform procedures to identify and evaluate events occurring after the balance sheet date but before the auditor’s report, and to determine whether such events require adjustment or disclosure in the financial statements. SA 570 requires the auditor to evaluate the appropriateness of management’s use of the going concern basis of accounting and to assess whether any material uncertainty exists regarding the entity’s ability to continue its operations in the foreseeable future. SA 580 requires the auditor to obtain written representations from management confirming their responsibility for the preparation of financial statements and the completeness of information provided to the auditor, while emphasizing that such representations support but do not replace other audit evidence. Together, these standards ensure that the auditor forms an opinion based on complete, updated, and reliable information before issuing the audit report.

SESSION : 1

 https://www.youtube.com/live/09ZFo8Q-jbQ?si=4pL8tIrJ9IdiJVQx

SESSION : 2

 https://www.youtube.com/live/XdhSfeDlV54?si=3mD0_n3-4dmvCk-B