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.


Classification of Standards


International Standards on Quality Control (ISQCs)


Assurance audi


Audit of historical financial information

  • 200-299

General principles and responsibilities

  • 300-499

Risk assessment and response to assessed risks

  • 500-59

Audit evidence

  • 600-699

Using work of others

  • 700-799

Audit conclusions and reporting

  • 800-899

Specialized areas


International Auditing Practice Statements (IAPSs)


International Standards on Review Engagements (ISREs)


International Standards on Assurance Engagements (ISAEs)


International Standards on related services (ISBSs)