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Home > QFINANCE Dictionary > Definition of ISA

Definition of

ISA

Stockholding & Investments

UK tax-free account for savings and investment in the United Kingdom, a tax-free savings or investment account. Both cash ISAs and stocks and shares ISAs are available. The maximum that can be invested per tax year is capped, at £11,280 for 2012–13, up to £5,640 of which can be saved in cash. Formerly, Mini ISAs allowed investment in either cash or stocks, and Maxi ISAs investment in both together.

Related definitions of "ISA"

ISA - Related Articles
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    Best Practice

    The International Standard on Auditing 200 (ISA 200) requires that an audit be designed to provide reasonable assurance that both errors and frauds in the financial statements are detected, and the audit must be planned and performed with an attitude of professional scepticism and due professional
    By Zuraidah Mohd-Sanusi, Yusarina Mat-Isa

  • Yusarina Mat-Isa

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    Yusarina Mat-Isa is a lecturer in the faculty of accountancy, MARA University of Technology, Malaysia. She graduated from Lancaster University with a master of science in accountancy and financial management and holds a bachelor of accounting (hons) degree from Tenaga National University. Currently

  • The Complex World of International Auditing Regulation

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  • International and Multinational Internal Auditing

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    been established by bodies such as the International Federation of Accountants (IFAC) to ensure that internal audits are carried out to the same high level across international boundaries. More than 100 countries have either adopted international standards on auditing (ISAs) issued by the IFAC or have declared their intent to do so in the future

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Definitions of ’ISA’ and meaning of ’ISA’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’ISA’ and other financial terms with our online QFINANCE Financial Dictionary.

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