INSTITUTO POLITECNICO NACIONAL

ESCUELA DE COMERCIO Y ADMINISTRACIÓN

UNIDAD SANTO TOMÁS

“AUDING BASICS”

Alumna: Islas González Noatzi

Boleta: 20210A1005. Grupo: 3CX24

Asesor: José Luis Licea Mendoza.

Actividad: Reporte: “Normas de auditoría nacionales e

internacionales”.

Fecha de entrega: 04/11/2021

International Standards on Auditing are stated by the International Auditing and
Assurance Standards Board of the International Federation of Accountants.
Derivatives of ISAs are used in the audit of several other jurisdictions, including the
United Kingdom.
Use of the ISAs
European Union: The Audit Directive of 17 May 2006 enforces the use of the
International Standards on Auditing for all Statutory audits to be performed in the
European Union.
The Audit Directive of 17 May 2006 is important in order to ensure a high quality for
all statutory audits required by Community law requiring all statutory audits be
carried out on the basis of all international auditing standards. The Directive has
given implementing powers to the European Commission, in order to adopt "en
bloc" the ISAs in accordance with the Council Decision of 28 June 1999, also
known as the "Comitology Decision.
European Court of Auditors: the European Court of Auditors performs its audits in
accordance with the IFAC and INTOSAI International Auditing Standards and
Codes of Ethics, in so far as these are applicable in the European Community
context.
The United Nations Board of Auditors (the external audit of the UN) has adopted
the ISAs although this Board is composed of three Supreme Audit Institutions
chairmen, usually using the INTOSAI Auditing Standards.
Statement on auditing standards
A Statement on Auditing Standards, commonly abbreviated as SAS, provides
guidance to external auditors on Generally Accepted Auditing Standards (GAAS)
regarding auditing an entity and issuing an auditor's report. It is usually issued by
the certified public accountant authoritative body in the region where the standards
apply, such as the American Institute of Certified Public Accountants in the United
States.
In the United States, Statements on Auditing Standards provide guidance to
external auditors on generally accepted auditing standards (abbreviated as GAAS)
in regards to auditing a non-public company and issuing a report. They are
promulgated by the Auditing Standards Board of the American Institute of Certified
Public Accountants (AICPA), which holds all copyright on the Standards. They are
commonly abbreviated as "SAS" followed by their respective number and title.
With the permission of the AICPA, the full text of Standards 1–101 has been
posted on the website of the Digital Accounting Collection at the J.D. Williams
Library of the University of Mississippi. Links to these full-text records appear in the
List of Statements of Auditing Standards below.
Generally Accepted Auditing Standards
Generally Accepted Auditing Standards, or GAAS are sets of standards against
which the quality of audits are performed and may be judged. Several
organizations have developed such sets of principles, which vary by territory. In the
United States, the standards are promulgated by the Auditing Standards Board, a
division of the American Institute of Certified Public Accountants (AICPA).
AU Section 150 states that there are ten standards: three general standards, three
fieldwork standards, and four reporting standards. These standards are issued and
clarified Statements of Accounting Standards, with the first issued in 1972 to
replace previous guidance. Typically, the first number of the AU section refers to
which standard applies. However, in 2012 the Clarity Project significantly revised
the standards and replaced AU Section 150 with AU Section 200, which does not
explicitly discuss the 10 standards.
In the United States, the Public Company Accounting Oversight Board develops
standards (Auditing Standards or AS) for publicly traded companies since the 2002
passage of the Sarbanes-Oxley Act; however, it adopted many of the GAAS
initially. The GAAS continues to apply to non-public companies.
International Standards on Auditing are stated by the International Auditing and
Assurance Standards Board of the International Federation of Accountants.
Derivatives of ISAs are used in the audit of several other jurisdictions, including the
United Kingdom.
Scope of this ISA
1. This International Standard on Auditing (ISA) deals with the independent
auditor’s overall responsibilities when conducting an audit of financial statements in
accordance with ISAs. Specifically, it sets out the overall objectives of the
independent auditor, and explains the nature and scope of an audit designed to
enable the independent auditor to meet those objectives. It also explains the
scope, authority and structure of the ISAs, and includes requirements establishing
the general responsibilities of the independent auditor applicable in all audits,
including the obligation to comply with the ISAs. The independent auditor is
referred to as “the auditor” hereafter.
2. ISAs are written in the context of an audit of financial statements by an
auditor. They are to be adapted as necessary in the circumstances when applied to
audits of other historical financial information. ISAs do not address the
responsibilities of the auditor that may exist in legislation, regulation or otherwise in
connection with, for example, the offering of securities to the public. Such
responsibilities may differ from those established in the ISAs. Accordingly, while
the auditor may find aspects of the ISAs helpful in such circumstances, it is the
responsibility of the auditor to ensure compliance with all relevant legal, regulatory
or professional obligations.
Fuentes de consulta
http://en.wikipedia.org/wiki/International_Standards_on_Auditing#List%20of%20the
%20Standards.281Sas.29