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This AAS lays down standards on auditor’s responsibility regarding consideration of laws and regulations in an audit of financial statements. The AAS therefore deals with aspects such as responsibility of the management for compliance with laws and regulations, auditor’s consideration of compliance with laws and regulations, audit procedures where non compliance is discovered, communicating/ reporting non compliance to management/users of audited financial statements/ regulators, and situations for withdrawal from engagement. The Appendix to the AAS contains indications that non compliance might have occurred.

This AAS is effective for all audits commencing on or after July 1, 2001.


Issued in April, 2000.
Published in the Handbook of Auditing Pronouncements, Vol. I, (Edn. 2003).
Also available as a separate publication of the Institute (Price: Rs. 15/-).
ISBN: 81-87072-66-0.

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