Date:23.10.2017, 07:56 2. This ISA is written in the context of a complete set of financial statements prepared in accordance with a special purpose framework. ISA 805 (Revised and Redrafted)1 deals with special considerations relevant to an audit of a single financial statement or of a specific element, account or item of a financial statement. 13. ISA 700 (Redrafted) deals with the form and content of the auditors report. In the case of an auditors report on special purpose financial statements: (a) The auditors report shall also describe the purpose for which the financial statements are prepared and, if necessary, the intended users, or refer to a note in the special purpose financial statements that. State auditors will be punished for trying to make commercial entities comply with unwarranted requirements or for launching audits in violation of the law. The prosecution service and the State Control Committee will give out these punishments. (Ref: Para. A9-A12) 10. ISA 315 (Redrafted) requires the auditor to obtain an understanding of the entitys selection and application of accounting policies.5 In the case of financial statements prepared in accordance with the provisions of a contract, the auditor shall obtain an understanding of any significant interpretations of the contract that management made in the preparation of those financial. Considerations When Accepting the Engagement Acceptability of the Financial Reporting Framework (Ref: Para. 8) A5. In the case of special purpose financial statements, the financial information needs of the intended users are a key factor in determining the acceptability of the financial reporting framework applied in the preparation of the financial statements.
Used as an auxiliary to express capacity or ability: this rope will support a load 6. used as an auxiliary to express probability or expectation on the part of the speaker: that will be Jim telephoning 7.