Since January 1, 2017, 30 international auditing standards (ISAs) have been put into effect on the territory of the Russian Federation, in accordance with Order of the Ministry of Finance N 192n. Also, by Order of the Ministry of Finance No. 207n, from January 1, 2017, another 18 new auditing standards were introduced.

The list of international auditing standards includes:

Coordination of terms of audit assignments;

Quality control during the audit of financial statements;

Audit documentation;

Forming an opinion and drawing up a conclusion on financial statements;

Communicating key audit issues in the auditor's report;

Modified opinion in the auditor's report, etc.

All this will increase the labor intensity of the audit by 30–40%, due to the increasing number of audit procedures in accordance with ISA requirements, the need to fill out new forms and tables and other working documents.

Legislators also plan to increase the responsibility of auditors in 2017. The Ministry of Finance proposes to punish them not only with fines, according to the Administrative Code, but also to introduce criminal liability for issuing a knowingly false audit report. The corresponding draft has been posted for public discussion on the website of the federal portal of draft normative legal acts.

Instead of the usual form of an auditor's report on several sheets with standard text, for all new contracts for mandatory audit concluded from January 1, 2017, a more information-rich audit report is drawn up in accordance with international standards of mandatory auditing. The new form of the auditor's report according to ISA will contain not only an assessment of the company's financial statements, but also pay attention to the most important points in the activities of the audited entity, including what attracted the most attention of the auditor, what the auditor sees as the most significant risks for business, etc.

Thus, the new form of AZ implies expanded information not only for accounting, but also for external and internal interested users: shareholders, board of directors, etc., that is, a wider range of people making decisions on business development strategy.

Thus, from January 1, 2017, the new ISA requirements will affect both auditors and audited companies. The volume of data required to analyze the activities of audited organizations is significantly increasing, and the degree of publicity of audit results is also increasing.

Let us recall that legally significant information about the facts of the activities of legal entities, including information about mandatory audits, is entered into the Unified Federal Register. In this case, the audit client is obliged to disclose circumstances that have a significant impact on the reliability of the reporting listed in the auditor’s report. Information in the Register must be entered within three working days from the date of occurrence of the relevant fact (paragraph 2, paragraph 9, article 7.1 of Law No. 129-FZ). If this deadline is violated, officials of the organization may be subject to administrative liability, including disqualification.

Undoubtedly, disclosing additional data in the auditor's report will allow investors and companies' counterparties to make more informed business decisions. However, as a consequence, we should expect an increase not only in the quality of business risk assessment, but also an increase in the cost of auditing from 2017. In addition, financial risks increase, since increasing the level of transparency of the company’s activities and reflecting all identified business risks in the audit report will automatically lead to an increase in the cost of bank loans for companies.

International Standards on Auditing (ISA) also have long-term implications for business. It is planned that from 2018 the Federal Tax Service will be able to require auditors to disclose audit secrets. On the federal portal of draft normative legal acts regulation.gov.ru, a draft Federal Law on amendments to Articles 82 and 93.1 of Part 1 of the Tax Code of the Russian Federation is posted for public discussion. When conducting tax control, it will be allowed to collect, store, use and disseminate information about the taxpayer (fee payer, insurance premium payer, tax agent) received from audit organizations and individual auditors.

An official of the tax authority will have the right to request from auditors documents (information) received by them during audits and the provision of other audit services that serve as the basis for the calculation and payment (withholding, transfer) of tax (fee) by the organization. These documents may be requested by the tax authority if they are not submitted in the prescribed manner by the taxpayer himself.

The current version of the Tax Code does not yet allow, when exercising tax control, the collection, storage, use and dissemination of information about taxpayers obtained in violation of the requirement to ensure the confidentiality of information that constitutes a professional secret of other persons, in particular an audit secret.

The responsibilities of an accountant increasingly extend beyond accounting. It is no secret that already in many companies the responsibilities of the chief accountant are not limited solely to financial statements and filing tax returns. An accountant is required to assess tax risks and consequences when conducting transactions, tax and financial planning, which leads to increased responsibility and increased risks to professional reputation.

If the audit agreement was concluded before January 1, 2017, then the audit organization has the right to conduct an audit of the accounting (financial) statements and draw up an audit report in accordance with the auditing standards in force before the entry into force of the international audit. Under agreements concluded after January 1, 2017, new international auditing standards in Russia are applied when conducting an audit of accounting (financial) statements prepared for any reporting periods.

With the introduction of ISA, it is important for companies to take the determination of the timing of the audit of financial statements seriously, since during the process a sufficient number of questions usually arise, and sometimes the need to make corrections to the accounting. It is advisable not to schedule an audit in the last days before submitting accounting or tax reports, when the accounting department is already very busy.

It would be preferable to conduct an audit of the 2017 financial statements according to Russian standards, concluding an agreement before the end of 2017. Arguments in favor of this are the lack of clear regulations for the actions of the parties to the contract for the provision of audit services under the new rules, a noticeable increase in labor intensity and cost of services, which are inevitable with such global changes in the audit industry.

The best option is to conduct an annual audit in two stages (at the end of 9 months and for the year). In this case, the auditors will complete almost the entire amount of work before the end of the reporting year, which will allow the organization to avoid haste, take into account their findings and recommendations in order to approach the annual report without distortions and errors in accounting.

As is known, if there are significant accounting distortions, the audit report may be negative, which will require the organization to additional costs associated with correcting the identified violations. Carrying out the bulk of the work based on the results of reporting for 9 months will help both the accounting department and the auditors to avoid these troubles. And even after receiving a report with a list of significant errors made when preparing financial statements for 9 months, the organization will have time to make the necessary corrections in accounting and receive a positive audit report at the end of the year.

The transition to ISA is aimed at reforming auditing activities in Russia, improving the quality of reporting and financial information presented to the external market. Innovations will affect not only auditors, but also companies subject to mandatory audit. We will solve the tasks assigned to auditors and business together, putting quality and professionalism as the basis for cooperation.

Standards allow regulate the activities of specialists in the field of audit. Let us note that they are recognized in most countries of the world, as they contribute to the achievement of objectivity in the matter of the auditor’s opinion and the process of creating all enterprise reporting related to the financial sector.

Using them there is ability to set certain criteria, which are uniform in comparing the results of providing audit activities. Uniformity of audit activities is an important condition for ensuring a variety of techniques that are used in practice.

Definition

Based on audit documents, it appears opportunity to create a program, which provides training for specialists. Documents act as the main evidence during the trial and determination of liability.

With their help, it is possible to establish an approach to conducting an audit, the scope of the audit, types of reports, methodology, and so on.

If a specialist deviates from the application of the rules during his work activities, he must be ready to explain for what reason was this done?.

The application of international requirements is very important in the process of performing work. This is because the documents:

1. Allows you to ensure the quality of the inspection.
2. They help people understand the whole process.
3. Possibility of creating an image of this activity.
4. There is no need to exercise control by government authorities.
5. Assisting a specialist in negotiating with customers.
6. Ensuring communication between individual processes.

The documents define the approach to the implementation of audit actions, the scope of the audit, and various related issues. Domestic ones are developed based on international algorithms.

In general, the procedure can be national, domestic or international. As a result, the common goal is to create and use packages of internal standards that detail and regulate the requirements for conducting inspections, as well as drawing up conclusions.

How is classification carried out?

Auditing standards are documents, which formulate the requirements and approaches in order to successfully carry out this activity.

The basis is the training programs to prepare auditors and the requirements for conducting examination activities. Their use should contribute to changing economic conditions. As a result, they require regular review.

They are intended to provide a unified approach internationally and development in those countries where their level is significantly lower than that used throughout the world.

So, today there is 39 standards. They are divided into 9 groups and 11 positions. Their general characteristics are as follows:

1. Introduction.
2. Responsibilities.
3. Planning.
4. Ensuring internal control.
5. Audit evidence.
6. Use by third parties.
7. Conclusions and conclusions.
8. Specialized areas.
9. Related services.

The introduction includes two standards, which set out in as much detail as possible the principles and procedures for carrying out the work activities of auditors and the principles of formation. Responsibilities include 8 documents containing general provisions, including tasks and goals, as well as ensuring quality control.

The third group, which describes planning, provides information on how to implement an inspection plan. In this case, this includes three documents.

The internal control group also has three standards. Here we study issues that relate to risk assessment and audit control in the field of information technology. Audit evidence refers to 11 documents that explain the relationship between the purpose of evidence and audit methods.

The group of application of the work of third parties includes three auditing standards devoted to the use and provision of additional services of experts, other auditors, as well as materials for conducting financial audits. The findings and conclusions include 4 documents. This paragraph is devoted to completing the audit and drawing up an audit report.

Special areas of audit include two main standards, which deal with the preparation of an audit report through the use of specific audit engagements and the application of financial information that is expected. The last, ninth group is related services. This includes three standards that are devoted to financial reporting audit services.

Since 2017, the Russian Federation has been operating 30 international standards. These include:

1. Agreeing on the implementation of the audit knowledge process.
2. Quality control during the procedure.
3. Creation of documentation.
4. Creation of final financial statements.
5. Informing about key issues.
6. Opinion about the conclusions.

In addition, starting this year, the degree of responsibility for specialists has increased significantly. The Russian Ministry of Finance proposes to punish auditors not only with fines, but also with criminal liability for the fact that they issued an opinion that does not correspond to reality.

A more detailed conclusion is also drawn up that meets international standards. This form of conclusion may contain an assessment of the company’s reporting and draw attention to the most important points in the work. Thus, one of the new forms involves indication of extended information for accounting specialists and other interested parties.

First of all, these include shareholders, members of the board of directors, and others who make key decisions in the company’s activities.

The new requirements have already had an impact on both individual specialists and the organizations that are being inspected. That is why, before drawing up documentation, it is necessary to fully familiarize yourself with the rules that were introduced in January 2017.

Professional internal

In accordance with the legislation of the Russian Federation, the internal rules and standards of activity that operate in the organization carrying out audit activities include interior appearance standards.

Professional internal standards are documentation that detail and regulate certain requirements that ensure the implementation and execution of audit documentation. They are accepted and approved by audit organizations in order to ensure efficiency and compliance with certain rules for conducting financial work.

The organization must carry out the work of creating a package of internal standards. They reflect their own approach to the inspections that are carried out. The consequence is the drawing up of an opinion based on the principles of organizing and conducting audit activities.

Intra-company standards provide regulation for the activities of auditors within the company and provide a number of additional frameworks for regulating real and potential conflicts that arise during the work process.

The auditing standards that are adopted within the company include those that are approved in the manner established by law or standards, instructions, methodological developments, manuals and other types of documentation. They must be mandatory for use in audit organizations. The fact is that such documents make it possible to reveal the internal approach to the implementation of the audit. Together they represent process of describing an integrated approach to the organization and technologies of auditing activities.

It should be noted that such standards are approved by the head of the audit company, unless internal documents provide otherwise. Documents may be revised if changes are made in the current legislation of the country, in specializations, or when the owner changes.

Thus, it is extremely important to ensure that the financial audit of an enterprise or organization is carried out correctly. To do this, it is recommended to seek help from those companies that provide services of this type over a long period of time and, accordingly, know the regulatory framework, legislation and the nuances of performing audit work.

If you study this issue independently and in depth, it will take a lot of time. In addition, changes are made to the current legislation of the Russian Federation every year.

This material provides a brief overview of changes in Russian auditing in 2017 and the implications for business. You will find a detailed analysis of the consequences with comments from Pravovest Audit experts in the articles:

What changes in mandatory audit in 2017?

Since January 1, 2017, 30 international auditing standards (ISAs) have been put into effect on the territory of the Russian Federation, according to Order of the Ministry of Finance dated October 24, 2016 N 192n. Also, by Order of the Ministry of Finance dated November 9, 2016 No. 207n, 18 more new auditing standards were introduced from January 1, 2017. The list of international auditing standards includes:

• agreeing on the terms of audit assignments;
• quality control during the audit of financial statements;
• audit documentation;
• forming an opinion and drawing up a conclusion on the financial statements;
• communicating key audit issues in the auditor's report;
• modified opinion in the auditor's report, etc.

All this will increase the labor intensity of the audit by 30–40%, due to the increasing number of audit procedures in accordance with ISA requirements, the need to fill out new forms and tables and other working documents.

Legislators also plan to increase the responsibility of auditors in 2017. The Ministry of Finance proposes to punish them not only with fines, according to the Administrative Code, but also to introduce criminal liability for issuing a knowingly false audit report. The corresponding draft is posted for public discussion on the website of the federal portal of draft normative legal acts http://regulation.gov.ru/projects#npa=51024

The auditor's report on ISA will become more informative and public

Instead of the usual form of an auditor's report on several sheets with standard text, for all new contracts for mandatory audit concluded from January 1, 2017, a more information-rich audit report is drawn up in accordance with international standards of mandatory auditing.

The new form of the auditor's report according to ISA will contain not only an assessment of the company's financial statements, but also pay attention to the most important points in the activities of the audited entity, including what attracted the most attention of the auditor, what the auditor sees as the most significant risks for business, etc.

Thus, the new form of AZ implies expanded information not only for accounting, but also for external and internal interested users: shareholders, board of directors, etc., that is, a wider range of people making decisions on business development strategy.

Let us recall that from October 1, 2016, legally significant information about the facts of the activities of legal entities, including information about mandatory audits, is entered into the Unified Federal Register. In this case, the audit client is obliged to disclose circumstances that have a significant impact on the reliability of the reporting listed in the auditor’s report.

Information in the Register must be entered within three working days from the date of occurrence of the relevant fact (paragraph 2, paragraph 9, article 7.1 of Law No. 129-FZ). If this deadline is violated, officials of the organization may be subject to administrative liability, including disqualification.

Thus, from January 1, 2017, the new ISA requirements will affect both auditors and audited companies. The volume of data required to analyze the activities of audited organizations is significantly increasing, and the degree of publicity of audit results is also increasing.

Business implications

Undoubtedly, disclosing additional data in the auditor's report will allow investors and companies' counterparties to make more informed business decisions. However, as a consequence, we should expect an increase not only in the quality of business risk assessment, but also an increase in the cost of auditing from 2017. In addition, financial risks increase, since increasing the level of transparency of the company’s activities and reflecting all identified business risks in the audit report will automatically lead to an increase in the cost of bank loans for companies.

International Standards on Auditing (ISA) also have long-term implications for business. It is planned that from 2018 the Federal Tax Service will be able to require auditors to disclose audit secrets. On the federal portal of draft normative legal acts regulation.gov.ru, a draft Federal Law on amendments to Articles 82 and 93.1 of Part 1 of the Tax Code of the Russian Federation is posted for public discussion. When conducting tax control, it will be allowed to collect, store, use and disseminate information about the taxpayer (fee payer, insurance premium payer, tax agent) received from audit organizations and individual auditors.

An official of the tax authority will have the right to request from auditors documents (information) received by them during audits and the provision of other audit services that serve as the basis for the calculation and payment (withholding, transfer) of tax (fee) by the organization. These documents may be requested by the tax authority if they are not submitted in the prescribed manner by the taxpayer himself.

The current version of the Tax Code does not yet allow, when exercising tax control, the collection, storage, use and dissemination of information about taxpayers obtained in violation of the requirement to ensure the confidentiality of information that constitutes a professional secret of other persons, in particular an audit secret.

Implications for accounting

The responsibilities of an accountant increasingly extend beyond accounting. It is no secret that already in many companies the responsibilities of the chief accountant are not limited solely to financial statements and filing tax returns. An accountant is required to assess tax risks and consequences when conducting transactions, tax and financial planning, which leads to increased responsibility and increased risks for professional reputation.

Why is it better to audit the 2016 financial statements not in accordance with ISA?

If the audit agreement was concluded before January 1, 2017, then the audit organization has the right to conduct an audit of the accounting (financial) statements and draw up an audit report in accordance with the auditing standards in force before the entry into force of the international audit. Under agreements concluded after January 1, 2017, new international auditing standards in Russia are applied when conducting an audit of accounting (financial) statements prepared for any reporting periods.

With the introduction of ISA, it is important for companies to take the determination of the timing of the audit of financial statements seriously, since during the process a sufficient number of questions usually arise, and sometimes the need to make corrections to the accounting. It is advisable not to schedule an audit in the last days before submitting accounting or tax reports, when the accounting department is already very busy.

It would be preferable to conduct an audit of the 2016 financial statements according to Russian standards, concluding an agreement before the end of 2016. Arguments in favor of this are the lack of clear regulations for the actions of the parties to the contract for the provision of audit services under the new rules, a noticeable increase in labor intensity and cost of services, which are inevitable with such global changes in the audit industry.

The best option is to conduct an audit for 2016 in two stages (at the end of 9 months and for the year). In this case, the auditors will complete almost the entire amount of work before the end of the reporting year, which will allow the organization to avoid haste, take into account their findings and recommendations in order to approach the annual report without distortions and errors in accounting.

As is known, if there are significant accounting distortions, the audit report may be negative, which will require the organization to additional costs associated with correcting the identified violations. Carrying out the bulk of the work based on the results of reporting for 9 months will help both the accounting department and the auditors to avoid these troubles. And even after receiving a report with a list of significant errors made when preparing financial statements for 9 months, the organization will have time to make the necessary corrections in accounting and receive a positive audit report at the end of the year.

The transition to ISA is aimed at reforming auditing activities in Russia, improving the quality of reporting and financial information presented to the external market. Innovations will affect not only auditors, but also companies subject to mandatory audit. We will solve the tasks assigned to auditors and business together, putting quality and professionalism as the basis for cooperation.

Currently, 39 International Auditing Standards have been developed. All ISAs are classified into 9 groups and 11 provisions on international auditing practice (PMAP).

Let us give their general characteristics.

group - “Introduction” - includes 2 standards that explain the basic principles and necessary procedures for the work of an auditor and the basic principles for forming the content of ISAs.

group - “Responsibilities” - includes 8 standards that provide general provisions for auditing activities, including the purpose and objectives of the audit, quality control, documentation, responsibility of auditors, taking into account laws and regulations when auditing financial statements, communicating audit information to persons charged with governance .

group - “Planning” - is devoted to organizing the planning of an audit and contains 3 standards.

group - “Internal control” - includes 3 standards. It discusses issues related to risk assessment and internal control, conducting audits in the environment of computer information systems, and a number of features when conducting audits of entities using service organizations.

group - “Audit evidence” - consists of 11 standards and contains explanations related to the purpose of audit evidence and methods for collecting it. This group of standards is used when conducting audits.

group - “Use of the work of third parties” - includes three standards and is devoted to the use of the work of experts, other auditors, and materials of internal auditors during an external audit when conducting an audit and providing related services.

group - “Audit findings and conclusions” - includes 4 standards. It is devoted to the final stage of the audit - drawing up an audit report.

group - “Special areas of audit” - includes 2 standards and is devoted to the preparation of a report (conclusion) when conducting an audit on special audit assignments and the study of expected financial information.

group - “Related services” - includes 3 standards and is dedicated to related services for the audit of financial statements.

The provisions on international auditing practice include 11 points, among which 5 are devoted to the computerization of auditing activities, 2 - to the peculiarities of the audit of small enterprises and international commercial banks and other issues. The main purpose of these provisions is to help developers of national standards whose topics correspond to PMAP.

List of ICA International Auditing Standards:

The standards issued by KIASAU include 36 International Standards on Auditing (ISA) and 1 International Standard on Quality Control (ISQC):

200-299 general principles and responsibilities

ISA 200 General Objectives of the Independent Auditor and the Conduct of an Audit in accordance with ISAs

ISA 210, Negotiating the Terms of the Audit Engagement

ISA 220, Quality Control for Audits of Financial Statements

ISA 230 Audit Documentation

ISA 240, The Auditor's Responsibilities with Respect to Fraud in an Audit of Financial Statements

ISA 250 Consideration of Laws and Regulations in an Audit of Financial Statements

ISA 260 “Information interaction with representatives of the owner”

ISA 265 “Communicating deficiencies in the internal control system to representatives of the owner and management of the organization”

300-499 Risk assessment and counteraction to identified risks

ISA 300, Planning an Audit of Financial Statements

ISA 315, Identifying and Assessing the Risks of Material Misstatement by Examining the Entity's Operations and Business Environment

ISA 320 Materiality in Planning and Performing an Audit

ISA 330 “Audit Activities to Address Identified Risks”

ISA 402 “Features of the audit of an enterprise using the services of a service organization”

ISA 450 Evaluating Misstatements Identified During an Audit

500-599 Audit evidence

ISA 500 Audit Evidence

ISA 501 “Audit Evidence - Features of Evaluating Individual Items”

ISA 505 “Confirmation from external sources”

ISA 510 Primary Audit Engagement - Opening Balances

ISA 520, Analytical Procedures

ISA 530 Audit Sampling

ISA 540 Audit of Accounting Estimates, Including Fair Value Measurements, and Related Disclosures

ISA 550 Related Parties

ISA 560 Subsequent Events

ISA 570, Going Concern Assumption

ISA 580, Written Submissions

600-699 Use of services of others

ISA 600 Special Considerations: An Audit of Group Financial Statements (Including the Work of Divisional Auditors)

ISA 610, Use of Internal Auditors

ISA 620, Use of the Auditor's Expert Experts

700-799 Audit findings and conclusions

ISA 700 Forming an Opinion and Reporting on Financial Statements

ISA 701 Modification of the Opinion in the Independent Auditor's Report

ISA 705 Types of Modified Auditor's Report

ISA 706, Explanatory and Other Matters Sections of the Auditor's Report

ISA 710 Comparative Data: Comparative Measures and Comparative Financial Statements

ISA 720, The Auditor's Responsibility for Other Information in Documents Containing the Audited Financial Statements

800-899 Special aspects

ISA 800, Special Considerations: An Audit of Financial Statements Prepared in Accordance with Special Purpose Principles

ISA 805, Special Considerations: Audits of Individual Financial Statements, Particular Items, Accounts and Line Items of a Financial Statement

ISA 810, Engagements in Reporting on Summarized Financial Statements

Audit of financial investments.

The purpose of an audit of financial investments is to form an opinion on the reliability of financial statements under the articles “Long-term financial investments” and “Short-term financial investments” and the compliance of the applied accounting methodology for financial investments with the regulatory documents in force in the Russian Federation.

In accordance with the Accounting Regulations “Accounting for Financial Investments” PBU 19/02, an organization’s financial investments include: state and municipal securities, securities of other organizations, including debt securities in which the date and cost of repayment are determined (bonds, bills); contributions to the authorized (share) capital of other organizations (including subsidiaries and dependent business companies); loans provided to other organizations, deposits in credit institutions; receivables acquired on the basis of assignment of the right of claim, etc.

Information base, used by the auditor when checking financial investments includes:

Documents regulating accounting and taxation of financial investments;

Accounting statements;

Order on the accounting policy of the organization;

Registers of synthetic and analytical accounting of financial investments;

Primary documents for reflecting financial investments.

By order on the accounting policy of the organization, the auditor can familiarize himself with the following information:

The procedure for recognizing income from participation in the authorized capitals of other organizations as income from ordinary activities or operating income;

A working chart of accounts used to reflect financial investments;

Forms of primary documents developed and approved by the organization to account for financial investments.

The Ministry of Finance of Russia, by its order dated October 24, 2016 N 192n, introduced 30 international auditing standards. These will cover accounting quality control, audits of financial information, review engagements and other audit-related services. These standards were recognized by the Government of the Russian Federation in the summer of 2015, and from that moment on, the International Federation of Accountants began officially translating into Russian all documents containing international auditing standards. All of them have passed the necessary examinations and are now approved for use in Russia.

List of international auditing standards approved by the Ministry of Finance

1. International Quality Control Standard 1 “Quality control in audit firms performing audits and reviews of financial statements, as well as performing other assurance and related services engagements”;
2. International Standard on Auditing 200 "The main objectives of the independent auditor and the conduct of an audit in accordance with international auditing standards";
3. International Standard on Auditing 240, The Auditor's Responsibilities with Respect to Fraud in an Audit of Financial Statements;
4. International Standard on Auditing 250, Consideration of Laws and Regulations in an Audit of Financial Statements;
5. International Standard on Auditing 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management;
6. International Standard on Auditing 300, Planning an Audit of Financial Statements;
7. International Standard on Auditing 315 (Revised), Identifying and Assessing the Risks of Material Misstatement by Understanding the Entity and Its Environment;
8. International Standard on Auditing 320, Materiality in Planning and Performing an Audit;
9. International Standard on Auditing 330, Audit Procedures in Response to Assessed Risks;
10. International Standard on Auditing 402, Considerations for the Audit of an Entity Using a Service Organization;
11. International Standard on Auditing 450, Evaluating Misstatements Identified During an Audit;
12. International Standard on Auditing 500, Audit Evidence;
13. International Standard on Auditing 501, Considerations for Obtaining Audit Evidence in Specific Cases;
14. International Standard on Auditing 505 External Assurances;
15. International Standard on Auditing 520, Analytical Procedures;
16. International Standard on Auditing 530 Audit Sampling;
17. ISA 550 Related Parties;
18. International Standard on Auditing 560, Events after the Balance Sheet Date;
19. International Standard on Auditing 610 (Revised 2013), Use of the Work of Internal Auditors;
20. International Standard on Auditing 620, Use of the Work of the Auditor's Expert;
21. International Auditing Practices Report 1000, Features of the Audit of Financial Instruments;
22. International Standard on Review Engagements 2400 (Revised), Engagements to Review Historical Financial Statements;
23. International Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Entity's Independent Auditor;
24. International Standard on Assurance Engagements 3000 (Revised), Assurance Engagements Other than Audits and Reviews of Historical Financial Information;
25. International Standard on Assurance Engagements 3400, Review of Prospective Financial Information;
26. International Standard on Assurance Engagements 3402, The Service Auditor's Assurance Report on the Service Organization's Controls;
27. International Standard on Assurance Engagements 3410, Assurance Engagements in Reporting Greenhouse Gas Emissions;
28. International Standard on Assurance Engagements 3420, Assurance Engagements on the Compilation of Pro Forma Financial Information Included in a Prospectus;
29. International Standard for Related Services 4400, Engagements to Perform Agreed Procedures for Financial Information;
30. International Standard for Related Services 4410 (Revised) Compilation Tasks.

The order approving international auditing standards was registered by the Ministry of Justice on November 10, 2016 and will come into force 10 days after official publication. However, the standards themselves will begin to apply starting from the year following the year in which they entered into force, namely from January 1, 2017. This is determined by Federal Law No. 307-FZ of December 30, 2008 “On Auditing Activities”.