SA 200 establishes:
AOverall objectives of the independent auditor and the conduct of an audit per SAs
BBank confirmation rules
CCARO 2020 clauses
DTax audit procedures
Answer & Solution
Correct answer: A. Overall objectives of the independent auditor and the conduct of an audit per SAs
1. SA 200 is the foundational SA, setting overall objectives and conduct.
2. It defines reasonable assurance, professional scepticism, audit risk.
3. Other SAs operationalise specific aspects.
_Source: ICAI BoS CA Final Paper 3, Ch 6 "Standards on Auditing and Professional Ethics"_
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