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  • Sa 250

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    Akash Patel
    191 views2 pages
    SA 250 provides guidance on considering laws and regulations in an audit of financial statements. It outlines the auditor's responsibility to monitor legal requirements, obtain sufficient evidence about compliance with laws and regulations, perform audit procedures to identify instances of non-compliance, and obtain written representations from management regarding compliance with laws and regulations.

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    Sa 50

    Original Title

    Sa250

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    SA 250 provides guidance on considering laws and regulations in an audit of financial statements. It outlines the auditor's responsibility to monitor legal requirements, obtain sufficient evidence about compliance with laws and regulations, perform audit procedures to identify instances of non-compliance, and obtain written representations from management regarding compliance with laws and regulations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    191 views2 pages

    Sa 250

    Uploaded by

    Akash Patel
    SA 250 provides guidance on considering laws and regulations in an audit of financial statements. It outlines the auditor's responsibility to monitor legal requirements, obtain sufficient evidence about compliance with laws and regulations, perform audit procedures to identify instances of non-compliance, and obtain written representations from management regarding compliance with laws and regulations.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 2

    SA 250 –Consideration of laws and

    regulations.
    • Meaning
    • Effect of Laws &regulations
    • Example
    • Objectives
    1. To obtain sufficient appropriate audit evidence
    2. To perform specified audit procedures
    3. To respond appropriately to non-compliance.
    SA 250 –Consideration of laws and
    regulations.
    Responsibilities:
    1. Monitor legal requirements.
    2. Obtain sufficient audit evidence.
    3. Duty to perform procedures.
    4. Obtain representation by management.

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