International Standards for Assurance Engagements
The International Standards for Assurance Engagements (ISAE for short) are standards published by the International Auditing and Assurance Standards Board of the International Federation of Accountants for the procedures of auditors .
background
In 2004 the IAASB published a framework for audit engagements, which was revised in 2013. This framework defines general principles for the procedure of auditors when taking over activities, whereby a distinction is made between audits, reviews and other activities. While the relevant regulations for audits and reviews are contained in the International Standards on Auditing and International Standards on Review Engagements , also drawn up by the IIASB on behalf of the IFAC, the ISAE provide professional specifications for the other activities.
Current standards
- ISAE 3000 (revised): General requirements for activities in engagements that do not constitute an audit or review
- ISAE 3402 : Audit activity and reporting on controls at service companies
- ISAE 3410 : Audit activity regarding statements on greenhouse gases
- ISAE 3420 : Auditing of financial information contained in a securities prospectus
The ISAE 3402 standard (also known as SSAE16 or SOC1 ) is particularly relevant for financial institutions.
Web links
Individual evidence
- ↑ icaew.com: "International Framework for Assurance Engagements"
- ^ L & Co Staff: SOC Reporting History and Fundamentals. In: Linford & Company LLP. March 11, 2015, Retrieved February 8, 2019 (American English).