Per ISA 530 Audit sampling the objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions

ISA 520 Analytical procedures is concerned with using analytical procedures in the overall review, as substantive procedures

ISA 510 provides guidance on the auditor’s responsibilities in relation to opening balances where the financial statements for the prior period were not

ISA 505 External confirmations requires the auditor to maintain control over external confirmation requests when using external confirmations as a

ISA 501 Audit Evidence – specific considerations for selected items requires the auditor to attend the physical inventory count (unless impracticable),

ISA 500 Audit Evidence states the objective of the auditor, in terms of gathering evidence, is ‘to design and perform audit procedures in such a way to

The auditor must consider the effect of misstatements on both the audit procedures performed and ultimately, if uncorrected, on the financial statements

Many companies use service organisations to perform business functions such as Payroll processing, Receivables collection