The Arabic Translated Version of the International Auditing, Assurance, and Ethics Pronouncements 2007

    
ASCA Releases
The Arabic Translated Version of
              the International Auditing, Assurance, and Ethics Pronouncements 2007

AMMAN - The Arab Society of Certified Accountants (ASCA) issued on May 15, 2007 the Arabic translated version of the International Auditing, Assurance, and Ethics Pronouncements 2007, which included the following:

• Glossary of terms updated.
• ISA 700, “The Independent Auditor’s Report on a Complete Set of General Purpose Financial Statements” became effective for auditors’ reports on or after December 31, 2006.
• ISA 700 gave rise to equivalent amendments  to the following  ISAs 200, 210, 570, 701, 800
• ISA 230, “Documentation” was withdrawn in June 2006, and ISA 700, “The Auditor’s Report on Financial Statements” was withdrawn in December 2006.
• In addition, the IAASB approved the application of these standards to the following four ISAs re-titled:

- ISA 240 (Redrafted),“The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements”;
- ISA 300 (Redrafted),“Planning an Audit of Financial Statements;”
- ISA 315 (Redrafted),“Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment;” and
- ISA 330 (Redrafted), “The Auditor’s Responses to Assessed Risks.”

It is worthy to mention that ASCA always seeks to promote accounting and management sciences and associated principles applied to all or some professional services. It also endeavors to upgrade efficiency, practice and conduct to the highest professional levels through focusing on accounting publications and following up developments in accounting and auditing. 

For more information please visit the following Website: www.ascasociety.org