The Standards are issued by the Auditing and Assurance Standards
Board (AASB) under the authority of the ICAI which are collectively known as
Engagement Standards. They are:-
· Standards on Auditing (SAs) -
applied in the audit of historical financial information.
·
Standards
on Review Engagements (SREs) - applied in the review of
historical financial information.
·
Standards
on Assurance Engagements (SAEs) - applied in assurance engagements,
dealing with subject matters other than historical financial information.
