Implementation Guide to Standard on Auditing (SA) 580 Written Representations
The Auditing and Assurance Standards Board (AASB) is a non- standing Committee of the Institute of Chartered Accountants of India (ICAI). The prime objective of AASB is formulating Engagement and Quality Control Standards (Standards on auditing, review, other assurance, quality control and related services). AASB also formulates Guidance Notes on generic as well as industry specific issues in auditing, Technical Guides, Implementation Guides and other publications for guidance of the members. The Board organizes regular awareness programmes on Engagement and Quality Control Standards, industry specific auditing issues and other auditing aspects to update knowledge of the members.
Standards on Auditing prescribe the fundamental principles of audit which need to be followed by auditors in audit engagements. The Implementation Guides to Standards on Auditing issued by AASB are important resource for auditors to understand the principles and requirements of these Standards. These Implementation Guides help auditors in effective implementation of Standards on Auditing.
Over the years, AASB has been issuing number of Implementation Guides to various Standards on Auditing for the
benefit of auditors. I am happy that AASB has published the “Implementation Guide to Standard on Auditing (SA) 580, Written
Representations”. The Implementation Guide is written in simple language in the form of frequently asked questions (FAQs) on SA 580 and their responses.
I compliment CA. (Dr.) Sanjeev Kumar Singhal, Chairman, CA. Vishal Doshi, Vice Chairman and all members of AASB for their efforts in bringing out this Implementation Guide for the benefit of the members.
I am confident that the members would find this Implementation Guide very useful in their professional assignments.
CA. (Dr.) Debashis Mitra
ICAI