Sir, what is the diffeernce between SRS 4400 and SA 805, as both says about audit of specific element, account, item of FS

3 answers

Ravi Staff September 18, 2017

In 805 auditor applies all SAS, selects examination procedures himself as he feels appropriate to give opinion , he may select plenty of procedures test of controls , substantive procedures with variety of nature timing and extent.
in SRS 4400 we only do number of examinations as prescribed in engagement letter, no step less no step more , it may be just 3 steps. Hence we don’t give opinion we simply specify factual findings from these examinations 

Audit Staff September 18, 2017

Thank u sir. 
bdw i got answer in revision class delhi.

Ravi Staff September 19, 2017

Ok 🙂


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