STANDARD AUDIT PROCEDURES AND STRUCTURE OF Ist LEVEL OF IFRS STATEMENTS FOR SME

Abstract

In theories of audit, audit procedures are directly related to management assertions on the financial statements. Audit procedures are 
operational basis to ensure that the financial statements in general are made in accordance with general accepted accounting.For the 
development of a process of transition from local GAAP to IFRS may be used relationship between audit procedures and claims 
management. IAS statements themselves can be seen as audit objectives which represent the starting point of the whole process. Apply 
audit procedures relating to detailed rules contained in IAS statements. Under this concept, each mirror IAS will be seen as a decision tree 
and each branch refers to the detailed audit procedures. A systematic decision-making process will automatically lead to detailed 
procedures and application of these procedures; will provide financial statements in accordance with IFRS.