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International Standards on Related Services (ISRSs)

Invitation to Conference 
 

Financial crime encompasses various illegal activities, primarily involving deceit and theft. Here are some common types of financial crime:

  • Fraud: Deceptive practices to gain a dishonest advantage.

  • Money Laundering: Concealing the origins of illegally obtained money.

  • Terrorism Financing: Providing funds to support terrorist activities.

  • Embezzlement: Misappropriation of funds placed in one’s trust.

  • Tax Evasion: Illegally avoiding paying taxes.

  • Identity Theft: Stealing personal information to gain financial benefits.

  • Cybercrime: Committing financial crime via the Internet.

  • Corruption and Bribery: Abusing power for personal gain or offering inducements for illegal advantages.

  • Insider Trading and Market Abuse: Exploiting confidential information for trading.

  • Forgery and Counterfeiting: Creating false documents or imitating items for financial gain.

These crimes can occur at various scales, from individual acts to complex operations by organized syndicates, and they are a significant concern for law enforcement agencies worldwide.

Forensic accounting encompasses several specialized areas, each focusing on different aspects of financial investigations and legal proceedings. Here are some of the key types:

  1. Fraud Investigations involve examining financial records to detect and trace fraudulent transactions.

  2. Litigation Support: Forensic accountants provide expertise in legal cases involving financial disputes, damages, or losses.

  3. Insurance Claims: They assess and analyze claims to determine the validity and extent of insurance losses.

  4. Dispute Resolution includes mediation and arbitration support in financial disagreements between parties.

  5. Bankruptcy Analysis: Forensic accountants evaluate entities' financial status and transactions in bankruptcy proceedings.

  6. Divorce Proceedings: They may be involved in assessing and dividing marital assets.

  7. Economic Damages Calculation quantifies financial losses for court cases or insurance claims.

  8. Post-acquisition Disputes: These accountants can be called upon to resolve disputes arising from mergers and acquisitions.

  9. Tax Evasion and Fraud: They investigate potential cases of tax-related offenses.

  10. Money Laundering: Forensic accountants track and analyze financial transactions to identify money laundering activities.

Each type of forensic accounting requires a blend of accounting expertise, investigative skills, and legal knowledge to effectively conduct financial analyses and present findings that can withstand legal scrutiny.

Forensic accounting is the application of accounting skills to legal mattersSome of the types of forensic accounting are:

Audits of Less Complex Entities and the Role in Fraud Prevention

International Auditing Standards (IASs)

The IFRS for SMEs Accounting Standard and the Role of Fraud Prevention 

International Standards on Review Engagements (ISREs)

Strengthening Capital Markets Against Financial Fraud and the Role in Fraud Prevention

International Standards on Assurance Engagements (ISAEs)

IPSASB International Public Sector Accounting Standards™ (IPSAS™)


IESBA

The International Code of Ethics for Professional Accountants    

https://www.ethicsboard.org/publications/2023-handbook-international-code-ethics-professional-accountants

AUDITS OF HISTORICAL FINANCIAL INFORMATION 200–299

General Principles and Responsibilities

ISA 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit by International Standards on Auditing 
ISA 210, Agreeing the Terms of Audit Engagements 
ISA 220 (Revised), Quality Management for An Audit of Financial Statements
ISA 230, Audit Documentation
ISA 240, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements 
ISA 250 (Revised), Consideration of Laws and Regulations in an Audit of Financial Statements 
ISA 260 (Revised), Communication with Those Charged with Governance
ISA 265, Communicating Deficiencies in Internal Control to Those Charged with Governance and Management Risk Assessment and Response to Assessed Risks

ISA 300, Planning an Audit of Financial Statements
ISA 315 (Revised 2019), Identifying and Assessing the Risks of Material Misstatement
ISA 320, Materiality in Planning and Performing an Audit 
ISA 330, The Auditor’s Responses to Assessed Risks
ISA 402, Audit Considerations Relating to an Entity Using a Service Organization
ISA 450, Evaluation of Misstatements Identified during the Audit 

500–599 Audit Evidence
ISA 500, Audit Evidence
ISA 501, Audit Evidence—Specific Considerations for Selected Items
ISA 505, External Confirmations

HANDBOOK OF INTERNATIONAL QUALITY MANAGEMENT, AUDITING, REVIEW, OTHER ASSURANCE, AND RELATED SERVICES PRONOUNCEMENTS

PART I
CONTENTS
PART I vi INTERNATIONAL STANDARDS ON AUDITING AND QUALITY MANAGEMENT
PART I 
ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures
ISA 550, Related Parties 
ISA 560, Subsequent Events
ISA 570 (Revised), Going Concern
ISA 580, Written Representations 

600–699 Using the Work of Others
ISA 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
ISA 610 (Revised 2013), Using the Work of Internal Auditors
ISA 620, Using the Work of an Auditor’s Expert

700–799 Audit Conclusions and Reporting ISA 700 (Revised), Forming an Opinion and Reporting on Financial Statements
ISA 701, Communicating Key Audit Matters in the Independent Auditor’s Report
ISA 705 (Revised), Modifications to the Opinion in the Independent Auditor’s Report
ISA 706 (Revised), Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent

800–899 Specialized Areas
ISA 800 (Revised), Special Considerations—Audits of Financial Statements Prepared by Special Purpose Frameworks 
ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts or Items of a Financial Statement
ISA 810 (Revised), Engagements to Report on Summary Financial Statements 

 

AUDITS AND REVIEWS OF HISTORICAL FINANCIAL INFORMATION 2000–2699 International Standards on Review Engagements
2400 (Revised), Engagements to Review Historical Financial Statements
2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity

ASSURANCE ENGAGEMENTS OTHER THAN AUDITS OR REVIEWS OF HISTORICAL FINANCIAL INFORMATION
3000–3699
International Standards on Assurance Engagements

3000–3399 Applicable to All Assurance Engagements

3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information

3400–3699 Subject Specific Standards

3400 The Examination of Prospective Financial Information (Previously ISA 810)
3402 Assurance Reports on Controls at a Service Organization 
3410 Assurance Engagements on Greenhouse Gas Statements
3420 Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus 

RELATED SERVICES 4000–4699
International Standards on Related Services
4400 (Revised), Agreed–upon Procedures Engagements
4410 (Revised), Compilation Engagements 

What are International Valuation Standards

International standards for international markets

International Valuation Standards (IVS) serve as the key guide for valuation professionals globally to underpin consistency, transparency, and confidence in valuations.

IVS are central to the IVSC’s mission to raise standards of international valuation practice as a core part of the financial system, benefiting capital markets and the public interest.
https://www.ivsc.org/standards/

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