Planning an audit of financial statements

This article discusses the application of international standards on auditing in Russian practice. In connection with the entry into force of the new international standards were considered new requirements for process planning, i.e. whether the members of the audit team the procedure provided for in international standard on auditing 315 "identifying and assessing the risks of material misstatement by examining the organization and its environment" and whether the agreed terms of the audit engagement international standard on auditing 210 "agreeing the terms of audit engagements".