Document Details |
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| Name of Department/Committee : | MSD 10 | ||||
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| Document Number : | MSD 10 ( 26866) | ||||
| Document Title [English] : | Assurance Engagement Standard ─ Part 1 - Conducting Assurance Engagements for all Matters other than Statutory Financial Information ─ Terminology and Requirements (First Revision) | ||||
| Document Title [Hindi] : | आश्वासनबद्धता पर मानक - भाग 1 : वैधानिक वित्तीय जानकारी के अलावा अन्य सभी मामलों के लिए ─ आवश्यकताऍं (पहला पुनरीक्षण) | ||||
| Document Type : | Revision | ||||
| Language : | English | ||||
| Priority : | 3 | ||||
| ICS Code : | ICS 03.100.01 | ||||
| Date of Project Approval : | 25-09-2024 | ||||
| Standards to be Revised : |
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| Standards to be Superseded : | |||||
Classification Details |
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| Group : | Management systems/services and corporate social responsibilities |
| Sub Group : | Social Responsibility |
| Sub Sub Group : | Other Social related Standards |
| Aspects : | Others |
| Risk : | None |
| Certification : | None |
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| ITCHS Code : | |
| Ministry : | |
| Sustainable development Goals : | |
| Degree of Equivalence : | Indigenous |
| Identical/Equivalent Standards : | |
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| Sl.No. | Synosis Points | |
| 1 | 1.1 This standard contains terms & definitions used in conducting assurance engagement and requirements for conducting assurance engagement for conducting the following types of assurance engagements for subject matter and information other than statutory financial information: | |
| 2 | a) Internal assurance engagements (first and second party assurance engagements): 1) by a reporting entity and its own auditors and or a sole practitioner, as applicable; 2) . by an assurance engagement firm and its auditors; b) External assurance engagements (third-party assurance engagements): 1) by an assurance engagement firm and its auditors and/ or a sole practitioner, as applicable. Note: Select types of information or performance reported for internal and or external purpose by a reporting entity is mentioned in Annex A. | |
| 3 | 1.2 Wherever a clause of this standard is denoted by ‘NAFIAE’ (Not Applicable for Internal Assurance Engagements), such clause is not applicable from the perspective of conducting an internal assurance engagement as per this standard. | |
Timeline Details |
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Stages |
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| Sl. No. |
Stage | Date of Occurence | Remarks | Circulated to | Files |
| 1 | Generation of Document Number | 25-09-2024 | ------- | ||
| 2 | P-Draft Waived | 30-10-2024 | ------- | ||
| 3 | WC Draft | 30-10-2024 | Duration : 60 Days Submitted for HOD approval |
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| 4 | WC Draft | 07-11-2024 | WC approved by HOD |
MSDC MSD 10, | ------- |