Hong Kong Engagement Standards

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The Hong Kong Engagement Standards is a set of auditing standards issued by the Hong Kong Institute of Certified Public Accountants.

It comprises a collection of standards, these includes:

Hong Kong Standards on Quality Control (HKSQC1)
Hong Kong Framework for Assurance Engagements
Hong Kong Standards on Auditing (HKSA)
Hong Kong Standards on Review Engagements (HKSRE)
Hong Kong Standards on Assurance Engagements (HKSAE)
Hong Kong Standards on Investment Circular Reporting Engagements (HKSIR)
Hong Kong Standards on Related Services (HKSRS)

[edit] Hong Kong Standards on Auditing (HKSA)

HKSA 200 - Objective and General Priniciples Governing an Audit of Financial Statements

Sets out the ethical principles of auditing, responsibility of the auditor, what audit is and other basic audit terminologies.

HKSA 210 - Terms of Audit Engagements
HKSA 220 - Quality Control for Audits of Historical Financial Information
HKSA 230 - Audit Documentation
HKSA 240 - The Auditor's Responsibility to Consider Fraud in an Audit of Financial Statements
HKSA 250 - Consideration of Laws and Regulations in an Audit of Financial Statements
HKSA 260 - Communications of Audit Matters with Those Charged With Governance
HKSA 300 - Planning an Audit of Financial Statements
HKSA 315 - Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
HKSA 320 - Audit Materiality
HKSA 330 - The Auditor's Procedures in Response to Assessed Risks
HKSA 402 - Audit Considerations Relating to Entities Using Service Organisations
HKSA 500 - Audit Evidence
HKSA 501 - Audit Evidence - Additional Considerations for Specific Items
HKSA 505 - External Confirmations
HKSA 510 - Initial Engagements - Opening Balances
HKSA 520 - Analytical Procedures
HKSA 530 - Audit Sampling and Other Means of Testing
HKSA 540 - Audit of Accounting Estimates
HKSA 550 - Related Parties
HKSA 560 - Subsequent Events
HKSA 570 - Going Concern
HKSA 580 - Management Representations
HKSA 600 - Using the Work of Another Auditor (under revision)
HKSA 610 - Consider the Work of Internal Audit
HKSA 620 - Using Work of an Expert
HKSA 700 - The Auditor's Report on Financial Statements (under revision)
HKSA 710 - Comparatives
HKSA 720 - Other Information in Documents Containing Audited Financial Statements
HKSA800 - The Auditor's Report on Special Purpose Audit Engagements (under revision)