Nepal Standard on Auditing
The following Nepal Standards on Auditing 2018 are applicable voluntarily from 1st Shrawan 2075 and Mandatory from 1st Shrawan 2076 except for NSA 701- Communicating Key Audit Matters in the Independent Auditor’s Report, which is applicable from 1st Shrawan 2077.
| S.No. | NSA No. | Standards |
| Preface to the Nepal Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements. | ||
| Glossary of Terms | ||
| NEPAL STARNDARDS ON QUALITY CONTROL | ||
| 1 | NSQC 1 | Quality Control for Firms that Perform Audits and Reviews of Financial Statements and Other Assurance and Related Services Engagements. |
| AUDITS OF HISTORICAL FINANCIAL INFORMATION | ||
| 200-299 GENERAL PRINCIPLES AND RESPONSIBILITIES | ||
| 1 | NSA 200 | Overall Objective of the Independent Auditor and the conduct of an Auditor in Accordance with Nepal Standards on Auditing |
| 2 | NSA 210 | Agreeing the Terms of Audit Engagements |
| 3 | NSA 220 | Quality Control for an Audits of Financial Statements |
| 4 | NSA 230 | Audit Documentation |
| 5 | NSA 240 | The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements |
| 6 | NSA 250 | Consideration of Laws and Regulation in an Audit of Financial Statements |
| 7 | NSA 260 (Revised) | Communication with Those Charged with Governance |
| 8 | NSA 265 | Communicating Deficiencies in International Control to Those Charged with Governance and Management |
| 300-499 RISK ASSESSMENT AND RESPONSE TO ASSESSED RISKS | ||
| 9 | NSA 300 | Planning an Audit of Financial Statements |
| 10 | NSA 315 (Revised) | Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment |
| 11 | NSA 320 | Materiality in Planning and Performing an Audit |
| 12 | NSA 330 | The Auditor’s Responses to Assessed Risks |
| 13 | NSA 402 | Audit Considerations Relating to an Entity Using a Service Organization |
| 14 | NSA 450 | Evaluation of Misstatements Identified during the Audit |
| 500-599 AUDIT EVIDENCE | ||
| 15 | NSA 500 | Audit Evidence |
| 16 | NSA 501 | Audit Evidence-Specific Considerations for Selected Items |
| 17 | NSA 505 | External Confirmations |
| 18 | NSA 510 | Initial Audit Engagements—Opening Balances |
| 19 | NSA 520 | Analytical Procedures |
| 20 | NSA 530 | Audit Sampling |
| 21 | NSA 540 | Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures |
| 22 | NSA 550 | Related Parties |
| 23 | NSA 560 | Subsequent Events |
| 24 | NSA 570 (Revised) | Going Concern |
| 25 | NSA 580 | Written Representations |
| 600-699 USING THE WORK OF OTHERS | ||
| 26 | NSA 600 | Special considerations-Audits of Group Financial statements (including the work of component Auditors) |
| 27 | NSA 610 (Revised 2013) | Using the work of Internal Auditors |
| 28 | NSA 620 | Using the work of an Auditors Expert |
| 700-799 AUDIT CONCLUSIONS & REPORTING | ||
| 29 | NSA 700 (Revised) | Forming an opinion and Reporting on financial statements |
| 30 | NSA 701 | Communicating Key Audit Matters in the Independent Auditor’s Report |
| 31 | NSA 705 (Revised) | Modifications to the opinion in the Independent Auditors report |
| 32 | NSA 706 (Revised) | Emphasis of Matter Paragraphs and other Matter Paragraphs in the Independent Auditors Report |
| 33 | NSA 710 | Comparative information-corresponding Figures and comparative Financial Statements |
| 34 | NSA 720 (Revised) | The auditor’s responsibilities relating to Other information in Documents Containing Audited Financial statements. |
| 800-899 SPECIALIZED AREAS | ||
| 35 | NSA 800 (Revised) | Special Considerations-Audit of financial statements Prepared in Accordance with Special Purpose Frameworks |
| 36 | NSA 805 (Revised) | Special Considerations-Audits of Single Financial statements and Specific Elements, Accounts or Items of a Financial statements |
| 37 | NSA 810 (Revised) | Engagements to Report on Summary of Financial Statements |
| NEPAL AUDITING PRACTICE NOTES | ||
| 38 | NAPN 1000 | Special considerations in Auditing Financial Instruments |
| AUDITS AND REVIEW OF HISTORICAL FINANCIAL INFORMATION | ||
| 2000-2699 NEPAL STANDARDS ON REVIEW ENGAGEMENTS(NSREs) | ||
| 39 | NSRE 2400 (Revised) | Engagement to Review Financial Statement |
| 40 | NSRE 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 NEPAL STANDARDS ON ASSURANCE ENGAGEMENTS(NSAEs) | ||
| 3000-3399 APPLICABLE TO ALL ASSURANCE ENGAGEMENTS | ||
| 41 | NSAE 3000 (Revised) | Assurance Engagements Other than Audits or Reviews of Historical Financial Information |
| 3400-3699 SUBEJECT SPECIFIC STANDARDS | ||
| 42 | NSAE 3400 | The Examination of Prospective Financial Information (Previously NSA 810) |
| 43 | NSAE 3402 | Assurance Reports on Controls at a Service Organization |
| 44 | NSAE 3410 | Assurance Engagements on Greenhouse Gas Statements |
| 445 | NSAE 3420 | Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus |
| RELATED SERVICES | ||
| 4000-4699 NEPAL STANDARDS ON RELATED SERVICES(NSRSs) | ||
| 46 | NSRS 4400 | Engagements to Perform Agreed-Upon Procedures Regarding Financial Information (Previously NSA 920) |
| 47 | NSRSs 4410 (Revised) | Compilation Engagements |
| AUDIT QUALITY | ||
| 48 | A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality | |
| ASSURANCE FRAMEWORK | ||
| 49 | Amended Nepal Framework for Assurance Engagements | |