Appendix No. 36

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

The international standard of audit 800 (reviewed) "The feature of financial records audit prepared according to the concept of special purpose"

"The feature of financial records audit prepared according to the concept of special purpose" should consider the International Standard of Audit (ISA) 800 (reviewed) 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. The International Standards of Audit (ISA) with numbering from the 100th to the 700th are applied to financial records audit. In this standard features of data application of MSA when carrying out financial records audit prepared according to the concept of special purpose are considered.

2. This standard is developed in relation to the complete set of the financial reporting prepared according to the concept of special purpose. Features of audit of the separate report of the financial reporting or separate element, group of Articles or the financial statement item are considered in MCA 805 (reviewed) <1>.

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<1> MCA 805 (reviewed) "Features of audit of separate reports of the financial reporting and separate elements, groups of Articles or financial statement line items".

3. This standard does not cancel requirements of other MSA, in it the purpose to consider all features which can be applicable under these or those circumstances of task performance is also not set.

The effective date

4. This standard becomes effective concerning financial records audit for the periods which are coming to an end on December 15, 2016 or after this date.

Purpose

5. In case of application of International standards of audit to financial records audit, prepared according to the concept of special purpose, the purpose of the auditor consists in properly to consider the features relating to the following questions:

(a) to acceptance of task;

(b) to planning and accomplishment of this task;

(c) to forming of opinion and creation of the conclusion about the financial reporting.

Determinations

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

(a) the financial reporting of special purpose - the financial reporting prepared according to the concept of special purpose (see Item A 4);

(b) the concept of special purpose - the concept of preparation of the financial reporting developed for the purpose of requirements satisfaction of specific users in financial information. The concept of preparation of the financial reporting can be presented in the form of the concept of fair presentation or the concept of compliance <2> (see the Items A1 - A 4).

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<2> MCA 200 "Main objectives of the independent auditor and carrying out audit according to International standards of audit", Item 13(a).

7. The term "financial reporting" in this standard means "complete set of the financial reporting of special purpose with the corresponding notes". Form and content of the financial reporting, and also structure of complete set of the financial reporting are determined by requirements of the applicable concept of preparation of the financial reporting. The term "financial reporting of special purpose" includes the corresponding disclosure of information.

Requirements

Features of acceptance of task

Acceptability of the concept of preparation of the financial reporting

8. According to MCA 210 the auditor shall determine whether the applied concept of preparation of the financial reporting is acceptable for creation of this financial reporting <3>. In case of financial records audit of special purpose the auditor shall receive understanding of the following questions (see the Items A5 - A 8):

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<3> MCA 210 "Coordination of conditions of audit engagements", Item 6(a).

(a) purpose of preparation of the financial reporting;

(b) expected users;

(c) the measures taken by management for determination of the acceptability of the applicable concept of preparation of the financial reporting in these circumstances.

Features of planning and carrying out audit

9. According to MCA 200 <4> the auditor shall observe all MSA which are applicable for specific audit. When planning and carrying out financial records audit of special purpose the auditor shall determine whether it is required to consider features of application of International standards of audit taking into account specific circumstances of task (see the Items A9 - A 12).

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<4> MSA 200, Item 18.

10. According to MCA 315 (reviewed) <5> auditor shall receive understanding of the choice and application of accounting policy by the organization. If the financial reporting is prepared according to agreement provisions, the auditor shall receive understanding of all considerable interpretations of the agreement performed by management by preparation of this financial reporting. Interpretation is considered considerable if application of other reasonable interpretation would lead to reflection in the financial reporting of information significantly differing from provided.

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<5> MCA 315 (reviewed) "Identification and risks assessment of essential misstatement by means of studying of the organization and its environment", Item 11(c).

Features of forming of opinion and creation of the conclusion

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