Audit Standards in India#
What are Auditing Standards?#
Auditing standards provide guidelines for conducting audits.
Types of Audit Standards#
Standards on Auditing (SA)#
- SA 100: Overall objectives
- SA 200: Ethical requirements
- SA 300: Planning audits
Standards on Review Engagements (SRE)#
Standards on Assurance Engagements (SAE)#
Standards on Related Services (SRS)#
Audit Process#
- Planning
- Risk assessment
- Evidence gathering
- Testing controls
- Reporting
Conclusion#
Audit standards ensure quality and consistency in audit procedures.