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Wiley Practitioner's Guide to GAAS 2015: Covering all SASs, SSAEs, SSARSs, PCAOB Auditing Standards, and Interpretations

Book Description

The all-in-one guide to the latest auditing standards, with clear explanations and more

Wiley Practitioner's Guide to GAAS 2015 offers the most comprehensive coverage of auditing standards, practices, and procedures, clarifying complex guidelines in clear, easy-to-understand language. Each statement is presented individually with explanations and practice notes that highlight main ideas and mandates, giving practitioners a clearer understanding of SAS standards and how they're used. Practical illustrations, checklists and questionnaires guide readers through the auditing process, and updates are highlighted to call attention to recent changes. This useful guide includes background information that sheds light on the reasoning behind each pronouncement, as well as a comprehensive glossary that clarifies unfamiliar or nuanced terms. Coverage also includes interpretations of all new Statements on Standards for Accounting and Review Services Compilation and Review statements, with expert advice on remaining compliant as guidelines change.

Auditing standards guide the work of an entire industry, but these standards are frequently revised, and compliance is critical. Wiley Practitioner's Guide to GAAS 2015 is a complete reference for the auditing professional, logically organized to allow for quick navigation.

  • Understand the real-world application of each standard

  • Learn each standard's effective date and specific mandates

  • Examine technical alerts, definitions, and interpretations

  • Develop techniques for maintaining compliance

  • Identifying, interpreting, and applying the many standards relevant to a particular engagement can be the most difficult part of the auditor's job. This guide simplifies the process by combining the standards, explanations, tools, and expert advice into a single, easily navigated volume. For the auditor who needs to be up to date, Wiley Practitioner's Guide to GAAS 2015 provides the latest on GAAS compliance.

    Table of Contents

    1. Title Page
    2. Copyright
    3. PREFACE
    4. ABOUT THE AUTHOR
    5. ORGANIZATION AND KEY CHANGES
    6. AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C 200 DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 200
      4. FUNDAMENTAL REQUIREMENTS
      5. MANAGEMENT RESPONSIBILITIES
      6. DEFINING PROFESSIONAL REQUIREMENTS IN STATEMENTS ON AUDITING STANDARDS
      7. INTERPRETATIONS
      8. TECHNIQUES FOR APPLICATION
    7. AU-C 210 Terms of Engagement
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. TECHNIQUES FOR APPLICATION
      8. ILLUSTRATION
    8. AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. INTRODUCTION
      3. AU 220 DEFINITIONS OF TERMS
      4. OBJECTIVES OF AU-C SECTION 220
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. TECHNIQUES FOR APPLICATION
    9. AU-C 230 Audit Documentation
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 230
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C ILLUSTRATIONS
    10. AU-C 240 Consideration of Fraud in a Financial Statement Audit
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 240
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C ILLUSTRATIONS
    11. AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C 250 DEFINITION OF TERM
      3. OBJECTIVES OF AU SECTION 250
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
    12. AU-C 260 The Auditor's Communication with Those Charged with Governance
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 260
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
    13. AU-C 265 Communicating Internal Control Related Matters Identified in an Audit
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 265 ILLUSTRATIONS
    14. AU-C 300 Planning an Audit
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. OBJECTIVES OF AU-C SECTION 300
      3. FUNDAMENTAL REQUIREMENTS
      4. INTERPRETATIONS
      5. TECHNIQUES FOR APPLICATION
    15. AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 315
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. ILLUSTRATIONS
    16. AU-C 320 Materiality in Planning and Performing an Audit
      1. AU-C PRONOUNCEMENT
      2. DEFINITION OF TERM
      3. OBJECTIVE OF AU-C SECTION 320
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
    17. AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C 330 DEFINITIONS OF TERMS
      3. OBJECTIVE OF AU-C SECTION 330
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
    18. AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 402
      4. FUNDAMENTAL REQUIREMENTS
      5. TECHNIQUES FOR APPLICATION
    19. AU-C 450 Evaluation of Misstatements Identified During the Audit
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 450
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
    20. AU-C 500 Audit Evidence
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVE
      4. FUNDAMENTAL REQUIREMENTS
      5. TECHNIQUES FOR APPLICATION
    21. AU-C 501 Audit Evidence—Specific Considerations for Selected Items
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU SECTION 501
      4. FUNDAMENTAL REQUIREMENTS—INVESTMENTS IN SECURITIES AND DERIVATIVE INSTRUMENTS
      5. TECHNIQUES FOR APPLICATION—INVESTMENTS IN SECURITIES AND DERIVATIVE INSTRUMENTS
      6. ILLUSTRATIONS—INVESTMENTS IN SECURITIES AND DERIVATIVE INSTRUMENTS
      7. FUNDAMENTAL REQUIREMENTS—INVENTORY OBSERVATION
      8. TECHNIQUES FOR APPLICATION—INVENTORY OBSERVATION
      9. AU-C ILLUSTRATIONS—INVENTORY OBSERVATION
      10. FUNDAMENTAL REQUIREMENTS—LITIGATION, CLAIMS, AND ASSESSMENTS INVOLVING THE ENTITY
      11. TECHNIQUES FOR APPLICATION—LITIGATION, CLAIMS, AND ASSESSMENTS
      12. AU-C ILLUSTRATIONS
      13. FUNDAMENTAL REQUIREMENTS—SEGMENT REPORTING
    22. AU-C 505 External Confirmations
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVE OF AU-C SECTION 505
      4. FUNDAMENTAL REQUIREMENTS
      5. TECHNIQUES FOR APPLICATION
      6. AU-C ILLUSTRATIONS
    23. AU-C 510 Opening Balances—Initial Audit Engagements, Including Reaudit Engagements
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AU-C SECTION 510
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. ILLUSTRATIONS
    24. AU-C 520 Analytical Procedures
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVES OF AU-C SECTION 520
      4. FUNDAMENTAL REQUIREMENTS
      5. TECHNIQUES FOR APPLICATION
      6. AU-C ILLUSTRATIONS
    25. AU-C 530 Audit Sampling
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 530
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION: NONSAMPLING
      7. TECHNIQUES FOR APPLICATION: NONSTATISTICAL AUDIT SAMPLING
      8. TECHNIQUES FOR APPLICATION: STATISTICAL AUDIT SAMPLING
    26. AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVE OF AU-C SECTION 540
      4. FUNDAMENTAL REQUIREMENTS
      5. DOCUMENTATION
      6. AU-C INTERPRETATION
      7. TECHNIQUES FOR APPLICATION
      8. ILLUSTRATION
    27. AU-C 550 Related Parties
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU SECTION 550
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. ILLUSTRATION
    28. AU-C 560 Subsequent Events and Subsequently Discovered Facts
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 560
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. ILLUSTRATION
    29. AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVES OF AU-C SECTION 570
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. ILLUSTRATION
    30. AU-C 580 Written Representations
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVES OF AU-C SECTION 580
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 580 ILLUSTRATIONS
    31. AU-C 585 Consideration of Omitted Procedures After the Report Release Date
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITION OF TERM
      3. OBJECTIVES OF AU SECTION 585
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. ILLUSTRATION
    32. AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C 600 DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 600
      4. FUNDAMENTAL REQUIREMENTS
      5. ILLUSTRATIONS
    33. AU-C 610 Using the Work of Internal Auditors
      1. AU-C ORIGINAL PRONUNCEMENT
      2. AU-C PRACTICE ALERT
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AU-C SECTION 610
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. TECHNIQUES FOR APPLICATION
      8. ILLUSTRATIONS
    34. AU-C 620 Using the Work of an Auditor's Specialist
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 620
      4. FUNDAMENTAL REQUIREMENTS
      5. AU-C INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. ILLUSTRATIONS
    35. AU-C 700 Forming an Opinion and Reporting on Financial Statements
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 700
      4. FUNDAMENTAL REQUIREMENTS: FORMING AN OPINON
      5. FUNDAMENTAL REQUIREMENTS: AUDITOR'S STANDARD REPORT
      6. FUNDAMENTAL REQUIREMENTS: REPORTS ON COMPARATIVE FINANCIAL STATEMENTS
      7. INTERPRETATIONS
      8. TECHNIQUES FOR APPLICATION
      9. AU-C 700 ILLUSTRATIONS (SOURCE: AU-C 700.58)
    36. AU-C 705 Modifications to the Opinion in the Independent Auditor's Report
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVE OF AU-C SECTION 705
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 705 ILLUSTRATIONS (SOURCE: AU-C 705.A32)
    37. AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor's Report
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 706.04
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. AU-C 706 ILLUSTRATIONS
    38. AU-C 708 Consistency of Financial Statements
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVES OF AU-C SECTION 708
      4. FUNDAMENTAL REQUIREMENTS
    39. AU-C 720 Other Information in Documents Containing Audited Financial Statements
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C EFFECTIVE DATE AND SUMMARY OF CHANGES
      3. AU-C DEFINITIONS OF TERMS
      4. OBJECTIVE OF AU-C SECTION 720
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. ILLUSTRATION
    40. AU-C 725 Supplementary Information in Relation to Financial Statements as a Whole
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVE OF AU-C SECTION 725
      4. FUNDAMENTAL REQUIREMENTS
      5. AU-C 725 ILLUSTRATIONS
    41. AU-C 730 Required Supplementary Information
      1. AU-C ORIGINIAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 730
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 730 ILLUSTRATIONS
    42. AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
      1. AU-C EFFECTIVE DATE AND APPLICABILITY
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 800
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS
      6. AU-C 800 ILLUSTRATIONS (SOURCE: AU-C 800.A36)
    43. AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 805
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS
      6. ILLUSTRATIONS OF Auditor's REPORTS ON A SINGLE FINANCIAL STATEMENT AND A SPECIFIC ELEMENT OF A FINANCIAL STATEMENT (SOURCE: AU-C 805.25)
    44. AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVE OF AU-C SECTION 806
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS
      6. AU-C 806 ILLUSTRATIONS (SOURCE AU-C 806.A8)
    45. AU-C 810 Engagements to Report on Summary Financial Statements
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 810
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. AU-C 810 ILLUSTRATIONS (SOURCE: AU-C 810.A22)
    46. AU-C 905 Alert That Restricts the Use of the Auditor's Written Communication
      1. AU-C ORIGINAL PRONUNCEMENT
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVES OF AU-C SECTION 905
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 905 ILLUSTRATIONS
    47. AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 910
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 910 ILLUSTRATIONS (SOURCE 910.A11)
    48. AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. AU-C DEFINITIONS OF TERMS
      4. OBJECTIVE OF AU-C SECTION 915
      5. FUNDAMENTAL REQUIREMENTS
      6. TECHNIQUES FOR APPLICATION
      7. AU-C 915 ILLUSTRATION (SOURCE 915.A8)
    49. AU-C 920 Letters for Underwriters and Certain Other Requesting Parties
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. AU-C DEFINITIONS OF TERMS
      4. OBJECTIVES OF AU-C SECTION 920
      5. SCOPE
      6. FUNDAMENTAL REQUIREMENTS: GENERAL
      7. FUNDAMENTAL REQUIREMENTS: FORMAT AND CONTENTS OF COMFORT LETTERS
      8. FUNDAMENTAL REQUIREMENTS: COMMENTING IN A COMFORT LETTER ON INFORMATION OTHER THAN AUDITED FINANCIAL STATEMENTS
      9. FUNDAMENTAL REQUIREMENTS: OTHER MATTERS
      10. TECHNIQUES FOR APPLICATION
      11. AU-C 920 ILLUSTRATIONS
    50. AU-C 925 Filings with the US Securities and Exchange Commission Under the Securities Act of 1933
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 925
      4. FUNDAMENTAL REQUIREMENTS
      5. TECHNIQUES FOR APPLICATION
      6. AU-C 925 ILLUSTRATION
    51. AU-C 930 Interim Financial Information
      1. AU-C ORIGINAL PRONOUNCEMENT
      2. AU-C DEFINITION OF TERM
      3. OBJECTIVE OF AU-C SECTION 930
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS: REVIEW PROCEDURES
      6. FUNDAMENTAL REQUIREMENTS: COMMUNICATION WITH MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE
      7. FUNDAMENTAL REQUIREMENTS: AUDITOR'S REPORT
      8. FUNDAMENTAL REQUIREMENTS: INTERIM FINANCIAL INFORMATION ACCOMPANYING AUDITED FINANCIAL STATEMENTS
      9. INTERPRETATIONS
      10. TECHNIQUES FOR APPLICATION
      11. AU-C 930 ILLUSTRATIONS
    52. AU-C 935 Compliance Audits
      1. AU-C ORIGINAL PRONOUNCEMENTS
      2. AU-C 935 DEFINITIONS OF TERMS
      3. OBJECTIVES OF AU-C SECTION 935
      4. SCOPE
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. TECHNIQUES FOR APPLICATION
      8. AU-C ILLUSTRATIONS
    53. AT 20 Defining Professional Requirements in Statements on Standards for Attest Engagements
      1. ORIGINAL PRONOUNCEMENT
      2. DEFINING PROFESSIONAL REQUIREMENTS IN STATEMENTS ON STANDARDS FOR ATTESTATION ENGAGEMENTS
    54. AT 50 SSAE Hierarchy
      1. ORIGINAL PRONOUNCEMENT
      2. ATTESTATION STANDARDS
      3. ATTESTATION INTERPRETATIONS
      4. OTHER ATTESTATION PUBLICATIONS
    55. AT 101 Attest Engagements
      1. ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF SECTION 101
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. ILLUSTRATIONS: EXAMINATION REPORTS
      8. ILLUSTRATIONS: REVIEW REPORTS
    56. AT 201 Agreed-Upon Procedures Engagements
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AT SECTION 201
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. TECHNIQUES FOR APPLICATION
      8. ILLUSTRATIONS
    57. AT 301 Financial Forecasts and Projections
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AT SECTION 301
      5. FUNDAMENTAL REQUIREMENTS: GENERAL
      6. FUNDAMENTAL REQUIREMENTS: COMPILATION OF PROSPECTIVE FINANCIAL STATEMENTS
      7. FUNDAMENTAL REQUIREMENTS: EXAMINATION OF PROSPECTIVE FINANCIAL STATEMENTS
      8. FUNDAMENTAL REQUIREMENTS: APPLYING AGREED-UPON PROCEDURES TO PROSPECTIVE FINANCIAL STATEMENTS (SEE ALSO AT SECTION 201)
      9. FUNDAMENTAL REQUIREMENTS: OTHER
      10. INTERPRETATIONS
      11. ILLUSTRATIONS
      12. APPENDICES
    58. AT 401 Reporting on Pro Forma Financial Information
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITION OF TERM
      4. OBJECTIVES OF AT SECTION 401
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. TECHNIQUES FOR APPLICATION
      8. ILLUSTRATIONS
    59. AT 501 An Examination of an Entity's Internal Control Over Financial Reporting That Is Integrated with an Audit of Its Financial Statements
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AT SECTION 501
      5. FUNDAMENTAL REQUIREMENTS
      6. REPORTING REQUIREMENTS
      7. INTERPRETATIONS
      8. ILLUSTRATIONS
    60. AT 601 Compliance Attestation
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AT SECTION 601
      5. FUNDAMENTAL REQUIREMENTS: GENERAL (APPLICABLE TO BOTH AGREED-UPON PROCEDURES AND EXAMINATION ENGAGEMENTS)
      6. FUNDAMENTAL REQUIREMENTS: AGREED-UPON PROCEDURES ENGAGEMENT
      7. FUNDAMENTAL REQUIREMENTS: EXAMINATION ENGAGEMENT
      8. INTERPRETATIONS
      9. TECHNIQUES FOR APPLICATION
      10. ILLUSTRATIONS
    61. AT 701 Management's Discussion and Analysis (MD&A)—A Summary
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITION OF TERM
      4. OBJECTIVES OF AT SECTION 701
      5. FUNDAMENTAL REQUIREMENTS: EXAMINATION
      6. FUNDAMENTAL REQUIREMENTS: REVIEW
      7. INTERPRETATIONS
      8. ILLUSTRATIONS
    62. AT 801 Reporting on Controls at a Service Organization
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AT SECTION 801
      5. FUNDAMENTAL REQUIREMENTS
      6. ILLUSTRATIONS
    63. AR 60–90 Compilation and Review of Financial Statements
      1. ORIGINAL PRONOUNCEMENTS
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES AND LIMITATIONS OF COMPILATION AND REVIEW ENGAGEMENTS
      4. FUNDAMENTAL REQUIREMENTS
      5. INTERPRETATIONS
      6. Accountant's Compilation Report
      7. Independent Accountant's Review Report
      8. Accountant's Compilation Report
      9. Independent Accountant's Review Report
      10. The Required Supplementary Information Is Included and the Accountant Did Not Compile the Required Supplementary Information
      11. The Required Supplementary Information Is Included, the Accountant Compiled the Required Supplemental Information and No Material Departures from the Prescribed Guidelines Regarding the Required Supplementary Information Have Been Identified
      12. All Required Supplementary Information Omitted
      13. Some Required Supplementary Information Is Omitted and Some Is Presented in Accordance with the Prescribed Guidelines Regarding the Required Supplementary Information
      14. Material Departures from the Prescribed Guidelines Regarding the Required Supplementary Information Were Identified While Compiling the Required Supplementary Information
      15. The Required Supplementary Information Is Included
      16. All Required Supplementary Information Omitted
      17. Some Required Supplementary Information Is Omitted and Some Is Presented in Accordance with the Prescribed Guidelines Regarding the Required Supplementary Information
      18. ILLUSTRATIONS: TRADITIONAL COMPILATION ENGAGEMENT
      19. ILLUSTRATIONS: REVIEW ENGAGEMENT
    64. AR 110 Compilation of Specified Elements, Accounts, or Items of a Financial Statement
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. OBJECTIVES OF AR SECTION 110
      4. FUNDAMENTAL REQUIREMENTS
      5. ILLUSTRATIONS
    65. AR 120 Compilation of Pro Forma Financial Information
      1. ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. OBJECTIVES OF AR SECTION 120
      4. FUNDAMENTAL REQUIREMENTS
      5. ILLUSTRATIONS
    66. AR 200 Reporting on Comparative Financial Statements
      1. ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AR SECTION 200
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATION
      7. ILLUSTRATIONS
    67. AR 300 Compilation Reports on Financial Statements Included in Certain Prescribed Forms
      1. ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. DEFINITION OF TERM
      4. OBJECTIVES OF AR SECTION 300
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATIONS
      7. ILLUSTRATIONS
    68. AR 400 Communications between Predecessor and Successor Accountants
      1. ORIGINAL PRONOUNCEMENTS
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AR SECTION 400
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATION
      7. ILLUSTRATION
    69. AR 600 Reporting on Personal Financial Statements Included in Written Personal Financial Plans
      1. ORIGINAL PRONOUNCEMENT
      2. APPLICABILITY
      3. DEFINITIONS OF TERMS
      4. OBJECTIVES OF AR SECTION 600
      5. FUNDAMENTAL REQUIREMENTS
      6. INTERPRETATION
      7. ILLUSTRATION
    70. PCAOB 1 References in Auditors' Reports to the Standards of the Public Company Accounting Oversight Board
      1. APPLICABILITY
      2. DEFINITION OF TERM
      3. FUNDAMENTAL REQUIREMENTS
      4. OTHER PCAOB GUIDANCE
      5. INTERPRETATION: COMMISSION GUIDANCE REGARDING THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD'S AUDITING AND RELATED PROFESSIONAL PRACTICE STANDARD NO. 1
      6. ILLUSTRATIONS
    71. PCAOB 3 Audit Documentation
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 3
      4. FUNDAMENTAL REQUIREMENTS
    72. PCAOB 4 Reporting on Whether a Previously Reported Material Weakness Continues to Exist
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 4
      4. FUNDAMENTAL REQUIREMENTS
      5. TECHNIQUES FOR APPLICATION
      6. ILLUSTRATIONS
    73. PCAOB 5 An Audit of Internal Control Over Financial Reporting That Is Integrated with an Audit of Financial Statements
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 5
      4. FUNDAMENTAL REQUIREMENTS
      5. ILLUSTRATIONS
    74. PCAOB 6 Evaluating Consistency of Financial Statements
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 6
      4. FUNDAMENTAL REQUIREMENTS
    75. PCAOB 7 Engagement Quality Review
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 7
      4. FUNDAMENTAL REQUIREMENTS
    76. PCAOB 8 Audit Risk
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 8
      4. FUNDAMENTAL REQUIREMENTS
    77. PCAOB 9 Audit Planning
      1. APPLICABILITY
      2. DEFINITION OF TERM
      3. OBJECTIVES OF PCAOB STANDARD 9
      4. FUNDAMENTAL REQUIREMENTS
    78. PCAOB 10 Supervision of the Audit Engagement
      1. APPLICABILITY
      2. OBJECTIVES OF PCAOB STANDARD 10
      3. FUNDAMENTAL REQUIREMENTS
    79. PCAOB 11 Consideration of Materiality in Planning and Performing an Audit
      1. APPLICABILITY
      2. OBJECTIVES OF PCAOB STANDARD 11
      3. FUNDAMENTAL REQUIREMENTS
    80. PCAOB 12 Identifying and Assessing Risks of Material Misstatement
      1. APPLICABILIY
      2. DEFINITION OF TERM
      3. OBJECTIVES OF PCAOB STANDARD 12
      4. FUNDAMENTAL REQUIREMENTS
    81. PCAOB 13 The Auditor's Responses to the Risks of Material Misstatement
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 13
      4. FUNDAMENTAL REQUIREMENTS
    82. PCAOB 14 Evaluating Audit Results
      1. APPLICABILITY
      2. OBJECTIVES OF PCAOB STANDARD 14
      3. FUNDAMENTAL REQUIREMENTS
    83. PCAOB 15 Audit Evidence
      1. APPLICABILITY
      2. DEFINITIONS OF TERMS
      3. OBJECTIVES OF PCAOB STANDARD 15
      4. FUNDAMENTAL REQUIREMENTS
    84. PCAOB 16 Communicating with Audit Committees
      1. APPLICABILITY
      2. OVERVIEW
      3. DEFINITIONS
      4. OBJECTIVES OF PCAOB STANDARD 16
      5. FUNDAMENTAL REQUIREMENTS
    85. PCAOB 17 Auditing Supplemental Information Accompanying Audited Financial Statements
      1. APPLICABILITY
      2. TECHNICAL ALERT
      3. DEFINITION OF TERM
      4. OBJECTIVE OF PCAOB STANDARD 16
      5. FUNDAMENTAL REQUIREMENTS
    86. APPENDIX A: —AU SECTIONS MAPPED TO THE CLARIFIED AU-C SECTIONS
    87. APPENDIX B: CROSS-REFERENCES TO SASS, SSAES, AND SSARSS
    88. APPENDIX C: LIST OF AICPA AUDIT AND ACCOUNTING GUIDES
    89. APPENDIX D: OTHER AUDITING PUBLICATIONS IN THE GAAS HIERARCHY
    90. Index
    91. End User License Agreement