International Journal of Auditing – April 2005

Auditing Standards Committee

Through the Journal, the INTOSAI Auditing Standards Committee (ASC) regularly updates the INTOSAI community on progress being made in the development of financial audit guidelines. The work is carried out in close cooperation with the International Federation of Accountants’ (IFAC) International Auditing and Assurance Standards Board (IAASB) with the aim of including public sector considerations in the International Standards on Auditing (ISA).

For more detailed and regularly updated information regarding this work or the standards, please visit the INTOSAI Auditing Standards Committee’s Web site: or the IFAC Web site: Draft ISAs are regularly published on the IFAC Web site for an exposure period, and all parties are welcome to comment on the drafts.

Work in Progress on ISAs

Currently, work is in progress on the following ISAs where INTOSAI experts are involved:

ISA 230 – Documentation

  • Expert: Ms. Kelly Ånerud, Norway
  • Back-office experts: Mr. John Fretwell, United States; Mr. Inge Danielsson, Sweden
  • Final version expected in September 2005 and Practice Note due in June 2006.

ISA 701 – Modifications to the Auditor’s Report

  • Expert: Ms. Bettina Jacobsen, Denmark
  • Back-office experts: Ms. Mary Radford, United Kingdom; Ms. Marcia Buchanan, United States
  • Final version expected in March 2006 and Practice Note due in December 2006

ISA 260 – Communications with Those Charged with Governance

  • Expert: Ms. Tove Myklebust, Norway
  • Back-office experts: Mr. Filip Cassel, Sweden; Mr. John Fretwell, United States
  • Final version expected in December 2005 and Practice Note due in September 2006

ISA 800 – Auditor’s Report on Special Purpose Audit Engagements

  • Expert: Mr. Jonas Hällström, Sweden
  • Back-office experts: Mr. Demsash Betemariam, Ethiopia; Mr. Martin Dees, the Netherlands; and Mr. Robert Cox, New Zealand

ISA 550 – Related Parties

  • Expert: Mr. John Thorpe, United Kingdom
  • Back-office experts: Ms. Zainun Taib, Malaysia; Mr. Uwe Schreiner, Germany; and
Ms. Goranka Kiralj, Slovenia

ISA 580 – Management Representation

  • Expert: Ms. Vijaya Moorthy, India
  • Back-office experts: Mr. Martin Garrido, Chile; Mr. Ennio Colasanti, Italy

Work in Progress on Practice Notes

ISA 240 – The Auditor’s Responsibility to Consider Fraud and Error in an Audit of Financial Statements: Mr. Leif Egil Berland, Norway. Exposure Draft of Practice Note 240 to the INTOSAI community for comments, expected in March 2005.

ISA 500 – Audit Evidence: Mr. Henrik Söderhielm, Sweden.

Work in Progress on New ISA Projects

ISA 620 – Using the Work of an Expert - IAASB approved a project to revise ISA 620 at its meeting in December 2004. The project secretariat is in the process of nominating an expert and back-office experts for this project. For further information, please contact the project secretariat or the chair of the ASC’s Working Group on Financial Audit Guidelines: