Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

Registered by

Ministry of Justice

Russian Federation

On January 31, 2019 No. 53639

Appendix No. 5

to the Order of the Ministry of Finance of the Russian Federation of January 9, 2019 No. 2n

International standard of audit 230 "Auditor documentation"

The international standard of audit of MCA 230 "Auditor documentation" should be considered together with MCA 200 "Main objectives of the independent auditor and carrying out audit according to International standards of audit".

Introduction

Scope of this standard

1. This International Standard of Audit (ISA) establishes the auditor's obligations on preparation of auditor documentation when carrying out financial records audit. Other MSA which contain these or those requirements and recommendations about documentation questions are listed in Appendix. These specific requirements for creation of documentation containing in other MSA do not impose any restrictions for application of this standard. By the laws or regulations additional requirements to documentation can be established.

Nature and purpose of auditor documentation

2. The auditor documentation meeting the requirements of this standard and specific requirements to documentation containing in other applicable MSA provides:

(a) the proofs proving the conclusion drawn by the auditor about achievement of main objectives of the auditor <1>;

--------------------------------

<1> MCA 200 "Main objectives of the independent auditor and carrying out audit according to International standards of audit", Item 11.

(b) proofs that audit was planned and carried out according to International standards of audit by both applicable legislative and normative requirements.

3. Auditor documentation performs a number of additional functions, including the following:

- helps auditor group to plan and book audit;

- the help to the members of auditor group responsible for control, in management and control of auditor work, and also performed by them their obligations on survey checks according to MCA 220 <2>;

--------------------------------

<2> MCA 220 "Quality control in case of carrying out financial records audit", Items 15 - 17.

- allows auditor group to bear responsibility for the work;

- allows to keep record of the questions keeping the importance for future audit engagements;

- ensuring conducting survey checks and inspection for the purpose of quality control according to MCKK 1 <3> or at least strict requirements of the national legal system; <4>

--------------------------------

<3> MCKK 1 "Quality control in the auditing organizations booking audit and survey verifications of the financial reporting, and also performing the other tasks providing confidence, and tasks on rendering the accompanying services", Items 32 - 33, 35 - 38 and 48.

<4> MSA 220, Item 2.

- possibility of conducting external inspection according to applicable legislative, normative or other requirements.

The effective date

4. This standard becomes effective concerning financial records audit for the periods beginning on December 15, 2009 or after this date.

Purpose

5. The purpose of the auditor consists in preparation of documentation which provides:

(a) the sufficient and proper data proving audit opinion;

(b) proofs that audit was planned and carried out according to International standards of audit by both applicable legislative and normative requirements.

Determinations

6. For the purposes of International standards of audit the following terms have the stated below values:

(a) auditor documentation, working documentation, working documents - records about the performed audit procedures, the obtained pertinent auditor evidence and conclusions drawn by the auditor;

(b) the auditor file - one or more folders, either the other paper or electronic media of information intended for data storage, containing the data representing the auditor documentation relating to specific task.

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.