ASA 200 - Objective and General Principles Governing an Audit of a Financial Report - April 2006
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Introduction
4 The purpose of this Auditing Standard is to establish mandatory requirements and to provide explanatory guidance on the objective and general principles governing an audit of a financial report. It also describes the responsibilities of those charged with governance for the preparation and presentation of the financial report and for identifying the financial reporting framework to be used in preparing the financial report, referred to in the Auditing Standards as the “applicable financial reporting framework.”