Appendix No. 16

to the Order of the Ministry of Finance of the Russian Federation of November 9, 2016 No. 207n

The international standard of audit 800 of "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 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 digital codes from 100 to 700 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 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 <1>.

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<1> MCA 805 "Feature 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 beginning on December 15, 2009 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 concept form

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) <1> (see the Items A1 - A 4).

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