Cross reference VSA and ISA

While ISA is issued by areas, VSA is drafted and published by batches. The standards selected in each batch depend on urgency and priority of necessity in practice. Thirty-seven standards are issued in comparison with about 56 standards issued by International Auditing and Assurance Standards Board (“IAASB”). In the cross reference table below, VSA 1000 “Audit the finalized report of construction contract” is not shown up since it is not compatible with any international standard.

VSA 1000 is a Vietnamese standard on auditing in specialized areas that are not included in auditing and assurance standards announcement made by IAASB. This standard was born caused from a State managerial need in government construction projects.

Compatible Areas No. VSA ISA

General Principles and Responsibilities

1.

VSA 200

Objective and General Principles Governing an Audit of Financial Statements

(Batch 1-1999)

ISA 200

Objectives and General Principles Governing an Audit of Financial Statements

2.

VSA 210

Audit Contract

(Batch 1-1999)

ISA 210

Terms of Audit Engagements

3.

VSA 220

Quality Control for Audit Work

(Batch 4 -2003)

ISA 220

Quality Control for Audit Work

4.

VSA 230

Documentation

(Batch 1-1999)

ISA 230

Documentation

5.

VSA 240

Fraud and Error

(Batch 3-2001)

ISA 240

The Auditor's Responsibility to Consider Fraud and Error in an Audit of Financial Statements

6.

VSA 250

Consideration of Laws and Regulations in an Audit of Financial Statements

(Batch 2-2000)

ISA 250

Consideration of Laws and Regulations in an Audit of Financial Statements

7. VSA 260

The Auditor's Communication with Those Charged with Governance

(Batch 7- 2005)

ISA 260

The Auditor's Communication with Those Charged with Governance

Risk Assessment and Response to Assessed Risk 8. VSA 300

Planning

(Batch 3-2001)

ISA 300

Planning

9. VSA 310

Knowledge of the Business (Batch 2-2000)

ISA 310

Knowledge of the Business

10. VSA 320

Audit Materiality

(Batch 4-2003)

ISA 320

Audit Materiality

11. VSA 330

The Auditor's Procedures in Response to Assessed Risks

(Batch 7-2005)

ISA 330

The Auditor's Procedures in Response to Assessed Risks

12. VSA 400

Risk Assessments and Internal Control

(Batch 3-2001)

ISA 400

Risk Assessments and Internal Control

13. VSA 401

Auditing in a Computer Information Systems Environment

(Batch 5-2003)

ISA 401

Auditing in a Computer Information Systems Environment

14. VSA 402

Audit considerations relating to entities using service organizations

(Batch 6- 2005)

ISA 402

Audit considerations relating to entities using service organizations

Audit Evidence 15. VSA 500

Audit Evidence

(Batch 2-2000)

ISA 500 and ISA 500R

Audit Evidence

16. VSA 501

Audit Evidence -Additional Considerations for Specific Items

(Batch 4-2003)

ISA 501

Audit Evidence - Additional Considerations for Specific Items and ISA 505 External Confirmations

17. VSA 505:

External Confirmations

(Batch 7- 2005)

ISA 505:

External Confirmations

18. VSA 510

Initial Engagements - Opening Balances

(Batch 2-2000)

ISA 510

Initial Engagements - Opening Balances

19. VSA 520

Analytical Procedures

(Batch 2-2000)

ISA 520

Analytical Procedures

20. VSA 530

Audit Sampling and Other Selective Testing Procedures (Batch 3-2001)

ISA 530

Audit Sampling and Other Selective Testing Procedures

21. VSA 540

Audit of Accounting Estimates (Batch 3-2001)

ISA 540

Audit of Accounting Estimates

22. VSA 545

Auditing Fair Value Measurements and Disclosures

(Batch 7- 2005)

ISA 545

Auditing Fair Value Measurements and Disclosures

23. VSA 550

Related Parties

(Batch 5-2003)

ISA 550

Related Parties

24. VSA 560

Events after Balance Sheet Date (Batch 4-2003)

ISA 560

Subsequent Events

25. VSA 570

Going Concern

(Batch 5-2003)

ISA 570

Going Concern

26. VSA 580

Management Representations

(Batch 2-2000)

ISA 580

Management Representations

Using Work of Others 27. VSA 600

Using the Work of Another Auditor (Batch 4-2003)

ISA 600

Using the Work of Another Auditor

28. VSA 610

Using the Work of Internal Auditing

(Batch 3-2001)

ISA 610

Considering the Work of Internal Auditing

29. VSA 620

Using the Work of an Expert

(Batch 6- 2005)

ISA 620

Using the Work of an Expert

Audit Conclusions and Reporting 30. VSA 700

The Auditor's Report on Financial Statements

(Batch 1-1999)

ISA 700

The Auditor's Report on Financial Statements

31. VSA 710

Comparatives (Batch 6- 2005)

ISA 710

Comparatives

32. VSA 720

Other information in documents containing audited financial statements

(Batch 6- 2005)

ISA 720

Other information in documents containing audited financial statements

Specialized Areas 33. VSA 800

The Auditor's Report on Special Purpose Audit Engagements

(Batch 5-2003)

ISA 800

The Auditor's Report on Special Purpose Audit Engagements

Review Engagements 34. VSA 910

Engagements to Review Financial Statements

(Batch 5-2003)

ISA 910 (Replaced by ISRE 2400)

Engagements to Review Financial Statements

Related Services 35. VSA 920

Examination of financial information using agreed-Upon procedures

(Batch 5-2003)

ISA 920 (Replaced by ISRS 4400)

Engagements to Perform Agreed-Upon Procedures Regarding Financial Information

36. VSA 930

Engagements to compile financial statements

(Batch 6-2005)

ISA 930 (Replaced by ISRS 4410)

Engagements to compile financial statements