The Sri Lanka Auditing Standards are based on the International Standards on Auditing (ISA) published by the International Auditing Practices Committee (IAPC) of the International Federation of Accountants (IFAC), with slight modifications to meet local conditions and needs. Hence compliance with the Sri Lanka Auditing Standards ensures compliance in all material respects with the International Standards on Auditing.
This publication comprises only the Sri Lanka Auditing Standards, and does not include those for related services, which will be released subsequently as a separate document in due course. These Standards are very well compiled and should provide excellent material for Audit Practitioners.
Under the Act, compliance with these Standards is compulsory when carrying out the audits of entities specified in the said Act. This Act not only places the responsibility of complying with these Standards on the Auditors alone, but also places a corresponding responsibility on the entity's Management to take all reasonable steps to ensure that these Standards are complied with in the conduct of the audits of their accounts.
As required by the Sri Lanka Accounting & Auditing Standards Act No. 15 of 1995, these Standards have been reviewed by the Statutory Auditing Standards Committee set up under the Act and recommended for adoption by the Council of the Institute. Accordingly the Council has adopted these Standards as the Sri Lanka Auditing Standards (SLAuS).
 |
|
 |
 |
 |
|
 |
