isa 250


What is the difference between Isa 250 and ISA 200?

  • International Standard on Auditing (ISA) 250, “Consideration of Laws and Regulations in an Audit of Financial Statements” should be read in conjunction with ISA 200 “Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing.”.

When will the amendments to the ISA 250 be effective?

  • The amendments and ISA 250 (Revised) will be effective for audits of financial statements for periods beginning on or after 15 December 2017.

Are ISA (UK) 250 financial statements materially misstated?

  • ISA (UK) 250 Section A – Revised December 2017 13 financial statements in respect of taxation are not materially misstated. This will usually include making appropriate enquiries of those advising the entity on taxation matters (whether within the firm or elsewhere).

What is the international standard on Auditing (UK) 250?

  • INTERNATIONAL STANDARD ON AUDITING (UK) 250 (REVISED JUNE 2016) SECTION A—CONSIDERATION OF LAWS AND REGULATIONS IN AN AUDIT OF FINANCIAL STATEMENTS (Effective for audits of financial statements for periods commencing on or after 17 June 2016)
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