New Thai Standards on Auditing Issued by FAP
New Thai Standards on Auditing are to be issued by the Federation of Accounting Professions (‘FAP’).
Keywords: Audit, Federation of Accounting Professions ‘FAP’, International Standards on Auditing
Following the completion of the International Auditing and Assurance Standards Board’s (‘IAASB’) “Clarity Project”, a comprehensive program to enhance the clarity of its ISAs, the Federation of Accounting Professions (‘FAP’) is in the process of translating into Thai fifty- three International Standards on Auditing (‘ISAs’), to be effective from 1 January 2011 onwards.
Previously, not all ISAs had been adopted by the FAP. However, those which had been adopted had not been modified.
Code | Classification of Standards |
ISQC | International Standards on Quality Control (ISQCs) |
Framework | Assurance audi |
200-99 | Audit of historical financial information |
| General principles and responsibilities |
| Risk assessment and response to assessed risks |
| Audit evidence |
| Using work of others |
| Audit conclusions and reporting |
| Specialized areas |
1000-1100 | International Auditing Practice Statements (IAPSs) |
2000-2699 | International Standards on Review Engagements (ISREs) |
3000-3699 | International Standards on Assurance Engagements (ISAEs) |
4000-4699 | International Standards on related services (ISBSs) |
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