INTERNATIONAL STANDARD ON AUDITING 550 RELATED PARTIES
(Effective for audits of financial statements for periods beginning on or after December 15, 2009)
CONTENTS
Paragraph Introduction Scope of this ISA ........................................................................................ Nature of Related Party Relationships and Transactions ............................ Responsibilities of the Auditor ................................................................... Effective Date ............................................................................................. Objectives .................................................................................................. Definitions .................................................................................................. Requirements Risk Assessment Procedures and Related Activities .................................. Identification and Assessment of the Risks of Material Misstatement Associated with Related Party Relationships and Transactions .......... Responses to the Risks of Material Misstatement Associated with Related Party Relationships and Transactions ..................................... Evaluation of the Accounting for and Disclosure of Identified Related Party Relationships and Transactions .................................................. Written Representations .............................................................................. Communication with Those Charged with Governance ............................. Documentation ............................................................................................ Application and Other Explanatory Material Responsibilities of the Auditor ................................................................... Definition of a Related Party ...................................................................... Risk Assessment Procedures and Related Activities .................................. A1−A3 A4−A7 A8−A28 11−17... [continues]
(Effective for audits of financial statements for periods beginning on or after December 15, 2009)
CONTENTS
Paragraph Introduction Scope of this ISA ........................................................................................ Nature of Related Party Relationships and Transactions ............................ Responsibilities of the Auditor ................................................................... Effective Date ............................................................................................. Objectives .................................................................................................. Definitions .................................................................................................. Requirements Risk Assessment Procedures and Related Activities .................................. Identification and Assessment of the Risks of Material Misstatement Associated with Related Party Relationships and Transactions .......... Responses to the Risks of Material Misstatement Associated with Related Party Relationships and Transactions ..................................... Evaluation of the Accounting for and Disclosure of Identified Related Party Relationships and Transactions .................................................. Written Representations .............................................................................. Communication with Those Charged with Governance ............................. Documentation ............................................................................................ Application and Other Explanatory Material Responsibilities of the Auditor ................................................................... Definition of a Related Party ...................................................................... Risk Assessment Procedures and Related Activities .................................. A1−A3 A4−A7 A8−A28 11−17... [continues]
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