SQC 1

Quality Control for Firms that Perform Audits and 01/04/2009 Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements

200

Overall objectives of the Independent Auditor and the conduct of an Audit in accordance with Standards on Auditing

210

Terms of Audit Engagements

220

Quality Control for an Audit of Financial Statements

230

Audit Documentation

240

The Auditor’s Responsibility Relating to Fraud in an Audit of Financial Statements

250

Consideration of Laws and Regulations in an Audit of Financial Statements

260

Communication with those Charged with Governance

265

Communicating Deficiencies in Internal Control to those Charged with Governance and Management

299

Responsibility of Joint Auditors

300

Planning of Audit of Financial Statements

315

Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment

320

Materiality in Planning and Performing an Audit

330

The Auditor’s Response to Assessed Risks

402

Audit Considerations Relating to an Entity Using a Service Organisation

450

Evaluation of Misstatements Identified during the Audit

500

Audit Evidence

501

Audit Evidence – Specific Considerations for Selected Items

505

External Confirmations

510

Initial Audit Engagements – Opening Balances

520

Analytical Procedures

530

Audit Sampling

540

Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures

550

Related Parties

560

Subsequent Events

570

Going Concern

580

Written Representations

600

Using the work of Another Auditor

610

Using the work of an Internal Auditor

620

Using work of an Auditor’s expert

700

Forming an Opinion and Reporting on Financial Statements

705

Modifications to the Opinion in the Independent Auditor’s Report

706

Emphasis of Matter Paragraphs and Order Matter Paragraphs in the Independent Auditor’s Report

710

Comparatives Information – Corresponding Figures and Comparative Financial Statements

720

The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

800

Special Consideration – Audits of Financial Statements Prepared in Accordance with Special Purpose Framework

805

Special Consideration – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement

810

Engagements to Report on Summary Financial Statements

SRE

Standards on Review Engagements

2400

Engagements to Review Financial Statements

2410

Review of Interim Financial Information Performed by the Independent Auditor of the Entity

Assurance Engagements other than Audits or Reviews of Historical Financial information

SAE

Standards on Assurance Engagements

3400

The Examination of Prospective Financial Information

3402

Assurance Reports on Controls at a Service Organisation Related Services

SRS

Standards on Related Services

4400

Engagements to Perform Agreed-upon Procedures Regarding Financial Information

4410

Engagements to Compile Financial Information

D.

Statements on Auditing

1

Statement on Auditing Practices

2

Statement on Qualifications in Auditor’s Report

3

Statement on CARO 2003

4

Statement of payments to Auditors for other services

5

Statement on responsibility of Joint Auditors

E.

Guidance Notes

I

Guidance Note on Tax Audit u/s. 44AB of Income-tax Act, 1961

II

Guidance Notes on Accounting Aspects

1

Guidance Note on Turnover in case of Contractors

2

Guidance Note on Applicability of Accounting Standard (AS) - 25 to Interim Financial Results

3

Guidance Note on Remuneration paid to key management personnel – Whether a related party transaction

4

Guidance Note on Applicability of Accounting Standard (AS) – 20, Earnings Per Share

5

Guidance Note on Terms used in Financial Statements

6

Guidance Note on Treatment of Reserves created on Revaluation of Fixed Asset

7

Guidance Note on Accrual Basis of Accounting

8

Guidance Note on Accounting for Depreciation for Companies

9

Guidance Note on Availability of Revaluation Reserve for Issue of Bonus Shares

10

Guidance Note on Accounting for Corporate Dividend Tax

11

Guidance Note on Accounting for Treatment of Excise Duty

12

Guidance Note on Accounting for Dot Com Companies

13

Guidance Note on Accounting for Employee Share Based Payments

14

Guidance Note on Accounting for State Level Value Added Tax

15

Guidance Note on Accounting for Fringe Benefits Tax

16

Guidance Note on Accounting by Schools

17

Guidance Note on Accounting for Credit available in respect of Minimum Alternative Tax under the Income-tax Act, 1961

18

Guidance Note on Accounting on Measurement of Income Tax for Interim Financial Reporting in the context of AS 25

19

Guidance Note on Accounting for MODVAT/CENVAT

20

Guidance Note on Accounting of Self-Generated Certified Emission Reductions (CERs) (Issued 2012)

21

Guidance Note on Accounting for Rate Regulated Activities

22

Guidance Note on Accounting for Real Estate Transaction (Revised 2012)

23

Guidance Note on Oil and Gas Producing Activities (Revised 2013)

24

Guidance Note on Accounting for Derivative Transactions (Released 2015)

25

Guidance Note on Expenditure on Corporate Social Responsibility Activities (Issued 2015)

26

Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable)

27

Guidance Note on Audit of Internal Financial Controls Over Financial Reporting

28

Guidance Note on Accounting and Auditing of Political Parties

III

Guidance Notes on Auditing Aspects

1

Audit of Abridged Financial Statements

2

Audit of Accounts of Non-Corporate Entities

3

Audit of Cash and Bank Balances

4

Audit of Consolidated Financial Statements

5

Audit of Debtors, Loans & Advances

6

Audit of Expenses

7

Audit of Investments

8

Audit of Liabilities

9

Audit of Miscellaneous Expenditure (Revised)

10

Audit of Payment of Dividend

11

Audit of Revenue

12

Audit Reports and Certificates for Special Purposes

13

Audit of Accounts of Liquidators

14

Auditor’s Report on Revised Accounts of Companies Before Circulation to Share holders

15

Capital & Reserves

16

Certificate on Corporate Governance

17

Certificate to be issued by the Auditor of a Company pursuant to Companies (Acceptance of Deposits) Rules, 1973

18

Certificate of Documents for Registration of Charges

19

Computer Assisted Audit Techniques (CAATs)

20

Duty Cast on the Auditors u/s. 45-MA of the Reserve Bank of India Act, 1934

21

Independent of Auditors (Revised)

22

Preparation of Financial Statements on Letterheads and Stationery of Auditors

23

Provision for Proposed Dividend

24

Revision/Rectification of Financial Statements

25

Sections 227(3)(e) and (f) of the Companies Act , 1956 (Revised)

26

Section 293A of the Companies Act and the Auditor

57

Special considerations in the Audit of Small Entities

57

Audit of Property, Plant & Equipment

57

Certification of XBRL Financial Statements 4 Industry Specific Guidance Notes

57

Audit of Banks (Revised 2016) edition

57

Audit of Members of Stock Exchanges (Revised)

57

Audit of Companies Carrying on General Insurance Business

57

Audit of Companies Carrying on Life Insurance Business

58

Guidance on Reporting under the Companies (Auditor’s Report) Order, 2016 (CARO, 2016)

59

Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013

60

Reports in Company Prospectuses (Revised)

61

Guidance Note on Reporting under Section 143(3)(f) of the Act and Reporting under Section 143(3)(h) of the Act

Secretarial Standards notified under the Companies Act, 2013

SS1

Meetings of the Board of Directors

SS2

General Meetings