THE INSTITUTE OF CHARTERED ACCOUNTANTS OF
NIGERIA
NIGERIAN STANDARDS ON AUDITING (NSA) SO FAR ISSUED
BY ICAN
ISQC
ISQC 1
ISA
NSQC
NAME OF STANDARD/STATEMENT
NSQC 1
QUALITY CONTROL FOR FIRMS THAT
PERFORM AUDITS AND REVIEWS OF
HISTORICAL FINANCIAL INFORMATION, AND
OTHER ASSURANCE AND RELATED
SERVICES ENGAGEMENTS
NSA
NAME OF STANDARD/STATEMENT
1
OBJECTIVE AND GENERAL PRINCIPLES
GOVERNING AN AUDIT OF FINANCIAL
STATEMENTS
TERMS OF AUDIT ENGAGEMENTS
200
210
2
220
QUALITY CONTROL FOR AUDIT WORK
220 (Revised)
3
230
4
240
5
6
250
260
7
300
8
315
9
QUALITY CONTROL FOR AUDITS OF
HISTORICAL FINANCIAL INFORMATION
DOCUMENTATION
THE AUDITOR’S RESPONSIBILITY TO
CONSIDER FRAUD IN AN AUDIT OF
FINANCIAL STATEMENTS
CONSIDERATION OF LAWS AND
REGULATIONS IN AN AUDIT OF FINANCIAL
STATEMENTS
COMMUNICATION OF AUDIT MATTERS WITH
THOSE CHARGED WITH GOVERNANCE
PLANNING AN AUDIT OF FINANCIAL
STATEMENTS
UNDERSTANDING THE ENTITY AND ITS
ENVIRONMENT AND ASSESSING THE RISKS
OF MATERIAL MISSTATEMENT
320
10
AUDIT MATERIALITY
330
11
402
12
500
501
13
14
505
510
15
16
520
530
17
18
540
545
19
20
550
560
570
580
600
610
21
22
23
24
25
26
620
700 (REVISED)
27
28
701
29
710
30
THE AUDITOR’S PROCEDURES IN
RESPONSE TO ASSESSED RISKS
AUDIT CONSIDERATION RELATING TO
ENTITIES USING SERVICE ORGANISATIONS
AUDIT EVIDENCE
AUDIT EVIDENCE – ADDITIONAL
CONSIDERATIONS FOR SPECIFIC ITEMS
EXTERNAL CONFIRMATIONS
INITIAL ENGAGEMENTS – OPENING
BALANCES
ANALYTICAL PROCEDURES
AUDIT SAMPLING AND OTHER MEANS OF
TESTING
AUDIT OF ACCOUNTING ESTIMATES
AUDITING FAIR VALUE MEASUREMENTS
AND DISCLOSURES
RELATED PARTIES
SUBSEQUENT EVENTS
GOING CONCERN
MANAGEMENT REPRESENTATIONS
USING THE WORK OF ANOTHER AUDITOR
CONSIDERING THE WORK OF INTERNAL
AUDIT
USING THE WORK OF AN EXPERT
THE INDEPENDENT AUDITOR’S REPORT ON
A COMPLETE SET OF GENERAL PURPOSE
FINANCIAL STATEMENTS
MODIFICATIONS TO THE INDEPENDENT
AUDITOR’S REPORT
COMPARATIVES
NOTE TO TABLE
**ISA
-
INTERNATIONAL STANDARDS ON AUDITING
**ISQC
-
INTERNATIONALSTANDARS ON QUALITY CONTROL
**NSQC
-
NIGERIAN STANDARDS ON QUALITY CONTROL
**NSA
-
NIGERIAN STANDARDS ON AUDITING