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In this video, we explore ISA 250 – Consideration of Laws and Regulations in an Audit of Financial Statements, an important auditing standard issued by the International Auditing and Assurance Standards Board (IAASB). ISA 250 guides auditors on how to identify and respond to laws and regulations that may have a material effect on the financial statements during an audit. 👉 What you'll learn: The objective and scope of ISA 250 Identifying relevant laws and regulations impacting the audit Auditor responsibilities when non-compliance is suspected or identified Procedures for obtaining audit evidence related to compliance Communication and reporting requirements regarding non-compliance Practical tips for auditors to handle legal and regulatory risks This video is essential for auditors, audit managers, partners, and finance professionals focused on regulatory compliance and audit quality. 🔔 Like, subscribe, and comment with your questions or experiences related to ISA 250! #ISA250 #LawsAndRegulations #AuditStandards #IAASB #AuditCompliance #AssuranceEngagements #AuditProfessionals #FinanceExperts