- Download 4
- File Size 81.20 KB
- File Count 1
- Create Date February 23, 2022
- Last Updated December 6, 2023
ISA 510 - Initial Audit Engagements—Opening Balances
The objective of ISA 510 with respect to opening balances is to obtain appropriate audit evidence whether opening balances contain misstatements that materially affect the current period’s financial statements and appropriate accounting policies reflected in the opening balances have been consistently applied in the current period’s financial statements or changes thereto are appropriately accounted for and adequately presented and disclosed in accordance with the applicable financial reporting framework.