International Standards on Auditing

International Standards on Auditing (ISAs) are guidelines that auditors follow when examining financial statements of organizations across different countries. They ensure that audits are performed with consistency, reliability, and integrity. ISAs cover various aspects, such as planning the audit, evaluating evidence, and reporting findings. By adhering to these standards, auditors provide assurance that financial statements are accurate and fair, helping stakeholders make informed decisions. Essentially, ISAs promote trust in financial reporting, which is vital for businesses and economies worldwide.