ObjectiveObjective

Objective

1. The objective of this Auditing Standard is to make amendments to the following Auditing Standards:
   1. ASA 210 Agreeing the Terms of Audit Engagements (Issued 27 October 2009 and amended to 15 March 2023)
   2. ASA 220 Quality Management for an Audit of a Financial Report and Other Historical Financial Information (Issued 10 March 2021 and amended to 27 April 2022)
   3. ASA 230 Audit Documentation (Issued 27 October 2009 and amended to 27 April 2022)
   4. ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report (Issued 30 May 2017 and amended to 27 April 2022)
   5. ASA 260 Communication With Those Charged with Governance (Issued 1 December 2015 and amended to 28 January 2025)
   6. ASA 315 Identifying and Assessing the Risks of Material Misstatement (Issued 1 February 2020 and amended to 27 April 2022)
   7. ASA 450 Evaluation of Misstatements Identified during the Audit (Issued 27 October 2009 and amended to 30 May 2017)
   8. ASA 510 Initial Audit Engagements-Opening Balances (Issued 27 October 2009 and amended to 15 March 2023)
   9. ASA 540 Auditing Accounting Estimates and Related Disclosures (Issued 5 December 2018 and amended to 5 November 2021)
   10. ASA 560 Subsequent Events (Issued 27 October 2009 and amended to 5 November 2021)
   11. ASA 580 Written Representations (Issued 27 October 2009 and amended to 15 March 2023)
   12. ASA 600 Special Considerations—Audits of a Group Financial Report (Including the Work of Component Auditors) (Issued 13 May 2022 and amended to 16 December 2024)
   13. ASA 610 Using the Work of Internal Auditors (Issued 11 November 2013 and amended to 27 April 2022)
   14. ASA 700 Forming an Opinion and Reporting on a Financial Report (Issued 1 December 2015 and amended to 28 January 2025)
   15. ASA 701 Communicating Key Audit Matters in the Independent Auditor’s Report (Issued 1 December 2015 and amended to 27 April 2022)
   16. ASA 705 Modifications to the Opinion in the Independent Auditor's Report (Issued 1 December 2015 and amended to 15 March 2023)
   17. ASA 706 Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor's Report (Issued 1 December 2015 and amended to 1 March 2023)
   18. ASA 710 Comparative Information-Corresponding Figures and Comparative Financial Reports (Issued 27 October 2009 and amended to 15 March 2023)
   19. ASA 720 The Auditor's Responsibilities Relating to Other Information (Issued 1 December 2015 and amended to 28 January 2025)
   20. ASA 800 Special Considerations—Audits of Financial Reports Prepared in Accordance with Special Purpose Frameworks (Issued 26 July 2016 and amended to 7 September 2021)