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2016 Auditing Standards

The standards below are effective for audits of financial statements for periods commencing on or after 17 June 2016 (unless otherwise stated). Follow this link for Standards applicable for earlier periods.
 
Auditing standards for audits of financial statements include objectives for the auditor, together with requirements and related application and other explanatory material.
 
The International Standards on Auditing (UK) (ISAs (UK)) and International Standard on Quality Control (UK) (ISQC (UK)) are based on the International Standards on Auditing (ISAs) and International Standard on Quality Control (ISQC) of the same titles that have been issued by the International Auditing and Assurance Standards Board (IAASB), published by the International Federation of Accountants (IFAC) in 2009, and are used with the permission of IFAC.


Editorial and consistency amendments made to final draft standards issued in April 2016 (PDF)

Glossary of Terms (auditing and ethics) 2016 (PDF)

Scope and Authority of Audit and Assurance pronouncements  (June 2016) (PDF)
 

ISQC (UK) 1 (Revised June 2016) (Updated July 2017) (PDF)
Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and other Assurance and Related Services Engagements

ISQC (UK) 1 (Revised June 2016) (PDF)
Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and other Assurance and Related Services Engagements

ISA (UK) 200 (Revised June 2016) (PDF)
Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing (UK)

ISA (UK) 210 Revised June 2016 (Updated July 2017) (PDF)
Agreeing the Terms of Audit Engagements

ISA (UK) 210 (Revised June 2016) (PDF)
Agreeing the Terms of Audit Engagements

ISA (UK) 220 Revised June 2016 (Updated July 2017)(PDF)
Quality Control for an Audit of Financial Statements

ISA (UK) 220 (Revised June 2016) (PDF)
Quality Control for an Audit of Financial Statements

ISA (UK) 230 (Revised June 2016) (PDF)
Audit Documentation

ISA (UK) 240 Revised June 2016 (Updated July 2017) (PDF)
The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements

ISA (UK) 240 (Revised June 2016) (PDF)
The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements

ISA (UK) 250 Section A (Revised July 2017) (PDF)
Effective for audits of financial statements for periods commencing on or after 15 December 2017
Section A – Consideration of Laws and Regulations in an Audit of Financial Statements

ISA (UK) 250 Section A (Revised June 2016) (PDF)
Section A – Consideration of Laws and Regulations in an Audit of Financial Statements

ISA (UK) 250 Section B (Revised June 2016) (PDF)
Section B – The Auditor’s Statutory Right and Duty to Report to Regulators of Public Interest Entities and Regulators of Other Entities in the Financial Sector

ISA (UK) 260 Revised June 2016 (Updated July 2017)(PDF)
Communication With Those Charged With Governance

ISA (UK) 260 (Revised June 2016) (PDF)
Communication With Those Charged With Governance

ISA (UK) 265 (PDF)
Communicating Deficiencies in Internal Control to Those Charged With Governance and Management

ISA (UK) 300 (Revised June 2016) (PDF)
Planning an Audit of Financial Statements

ISA (UK) 315 (Revised June 2016) (PDF)
Identifying and Assessing the Risks of Material Misstatement Through Understanding of the Entity and Its Environment

ISA (UK) 320 (Revised June 2016) (PDF)
Materiality in Planning and Performing an Audit

ISA (UK) 330 (Revised July 2017) (PDF)
Effective for audits of financial statements for periods commencing on or after 15 December 2017
The Auditor’s Responses to Assessed Risks

ISA (UK) 330 Revised June 2016
The Auditor’s Responses to Assessed Risks

ISA (UK) 402 (PDF)
Audit Considerations Relating to an Entity Using a Service Organisation

ISA (UK) 450 Revised June 2016 (Updated July 2017)(PDF)
Evaluation of Misstatements Identified During the Audit

ISA (UK) 450 (Revised June 2016) (PDF)
Evaluation of Misstatements Identified During the Audit

ISA (UK) 500 (Updated July 2017) (PDF)
Audit Evidence

ISA (UK) 500 (PDF)
Audit Evidence

ISA (UK) 501 (PDF)
Audit Evidence – Specific Considerations for Selected Items

ISA (UK) 505 (Updated July 2017) (PDF)
External Confirmations

ISA (UK) 505 (PDF)
External Confirmations

ISA (UK) 510 (Revised June 2016) (PDF)
Initial Audit Engagements – Opening Balances

ISA (UK) 520 (PDF)
Analytical Procedures

ISA (UK) 530 (PDF)
Audit Sampling

ISA (UK) 540 (Revised June 2016) (PDF)
Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures

ISA (UK) 550 (PDF)
Related Parties

ISA (UK) 560 (PDF)
Subsequent Events

ISA (UK) 570 (Revised June 2016) (PDF)
Going Concern

ISA (UK) 580 (PDF)
Written Representations

ISA (UK) 600 (Revised June 2016) (PDF)
Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors)

ISA (UK) 610 (Revised June 2013) (PDF)
Using the Work of Internal Auditors

ISA (UK) 620 (Revised June 2016) (PDF)
Using the Work of an Auditor’s Expert

ISA (UK) 700 (Revised June 2016) (PDF)
Forming an Opinion and Reporting on Financial Statements

ISA (UK) 701 (PDF)
Communicating Key Audit Matters in the Independent Auditor’s Report

ISA (UK) 705 (Revised June 2016) (PDF)
Modifications to the Opinion in the Independent Auditor’s Report

ISA (UK) 706 (Revised June 2016) (PDF)
Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report

ISA (UK) 710 (PDF)
Comparative Information – Corresponding Figures and Comparative Financial Statements

ISA (UK) 720 (Revised June 2016) (PDF)
The Auditor’s Responsibilities Relating to Other Information

ISA (UK) 800 (PDF)
Special Considerations––Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks

ISA (UK) 805 (PDF)
Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
 
This Erratum  (PDF) compiles the typographical errors that have been identified and corrected in the online versions of the ISAs (UK) since originally published in June 2016. These errors are uncorrected in the printed version of the Financial Reporting Council’s Ethical and Auditing Standards 2016 issued in June 2016. These will be corrected when the next Compendium of Standards is issued.