ICAI issues Revised Standards of Auditing 800, 805 and 810 for F.Y. 2024-5 w.e.f. 1st April 2024

ICAI - Standards of Auditing - taxscan

The Institute of Chartered Accountants of India ( ICAI ) notified the revised Standards of Auditing on 7th February 2024. The SAs revised are 800, 805 and 810 w.e.f. 1st April 2024.

S. No.Standards      Link
1SA 800(Revised), “Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks” Download here
2SA 805(Revised), “Special Considerations – Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement”          Download here
3SA 810(Revised), “Engagements to Report on Summary Financial Statements”  Download here

The institute has stated that these Standards will be applicable to audits/engagements for financial years beginning on or after 1st April 2024 i.e., these Standards will be applicable to audits/engagements for the financial year 2024-25 and onwards.

However, the members may note that extant SA 800, SA 805, SA 810 will continue to apply till audits/engagements for the financial year 2023-24. Extant SA 800, SA 805, SA 810 are available on ICAI’s website at the following link: https://www.icai.org/Resources.html?mod=7


The Standards of Auditing (SAs) established by the ICAI serve as the guiding principles for conducting audits in India. These standards ensure consistency, reliability, and quality in the auditing process, ultimately enhancing the credibility of financial statements.

The SAs encompass a comprehensive framework that auditors must adhere to while planning, executing, and reporting on audit engagements. They provide detailed guidelines on various aspects of auditing, including audit planning, risk assessment, evidence gathering, and reporting.

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