College of Business and Accountancy

Includes index

Preface ix About the Author xi Organization and Key Changes xiii 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 210 Terms of Engagement 9 AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards 15 AU-C 230 Audit Documentation 21 AU-C 240 Consideration of Fraud in a Financial Statement Audit 31 AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements 59 AU-C 260 The Auditor s Communication with Those Charged with Governance 65 AU-C 265 Communicating Internal Control Related Matters Identified in an Audit 71 AU-C 300 Planning an Audit 81 AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement 87 AU-C 320 Materiality in Planning and Performing an Audit 115 AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained 119 AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization 149 AU-C 450 Evaluation of Misstatements Identified during the Audit 159 AU-C 500 Audit Evidence 163 AU-C 501 Audit Evidence Specific Considerations for Selected Items 167 AU-C 505 External Confirmations 201 AU-C 510 Opening Balances Initial Audit Engagements, Including Reaudit Engagements 217 AU-C 520 Analytical Procedures 225 AU-C 530 Audit Sampling 239 AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures 263 AU-C 550 Related Parties 275 AU-C 560 Subsequent Events and Subsequently Discovered Facts 287 AU-C 570 The Auditor s Consideration of an Entity s Ability to Continue as a Going Concern 301 AU-C 580 Written Representations 317 AU-C 585 Consideration of Omitted Procedures after the Report Release Date 331 AU-C 600 Special Considerations Audits of Group Financial Statements (Including the Work of Component Auditors) 337 AU-C 610 Using the Work of Internal Auditors 357 AU-C 620 Using the Work of an Auditor s Specialist 371 AU-C 700 Forming an Opinion and Reporting on Financial Statements 381 AU-C 705 Modifications to the Opinion in the Independent Auditor s Report 395 AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor s Report 413 AU-C 708 Consistency of Financial Statements 421 AU-C 720 Other Information in Documents Containing Audited Financial Statements 425 AU-C 725 Supplementary Information in Relation to Financial Statements as a Whole 429 AU-C 730 Required Supplementary Information 435 AU-C 800 Special Considerations Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 441 AU-C 805 Special Considerations Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement 451 AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements 463 AU-C 810 Engagements to Report on Summary Financial Statements 471 AU-C 905 Alert That Restricts the Use of the Auditor s Written Communication 481 AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country 487 AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework 493 AU-C 920 Letters for Underwriters and Certain Other Requesting Parties 499 AU-C 925 Filings with the US Securities and Exchange Commission under the Securities Act of 1933 537 AU-C 930 Interim Financial Information 543 AU-C 935 Compliance Audits 569 AU-C 940 An Audit of Internal Control over Financial Reporting That Is Integrated with an Audit of Financial Statements 581 AT-C Preface 607 AT-C 105 Concepts Common to All Attestation Engagements 621 AT-C 205 Examination Engagements 627 AT-C 210 Review Engagements 649 AT-C 215 Agreed-Upon Procedures Engagements 665 AT-C 305 Prospective Financial Information 677 AT-C 310 Reporting on Pro Forma Financial Information 691 AT-C 315 Compliance Attestation 705 AT-C 320 Reporting on an Examination of Controls at a Service Organization Relevant to User Entities Internal Control over Financial Reporting 715 AT-C 395 (Designated for AT Section 701) Management s Discussion and Analysis (MD&A) A Summary 731 AT 20 Defining Professional Requirements in Statements on Standards for Attest Engagements 739 AT 50 SSAE Hierarchy 741 AT 101 Attest Engagements 745 AT 201 Agreed-Upon Procedures Engagements 769 AT 301 Financial Forecasts and Projections 781 AT 401 Reporting on Pro Forma Financial Information 809 AT 501 An Examination of an Entity s Internal Control over Financial Reporting That Is Integrated with an Audit of Its Financial Statements 823 AT 601 Compliance Attestation 847 AT 701 Management s Discussion and Analysis (MD&A) A Summary 861 AT 801 Reporting on Controls at a Service Organization 869 AR-C 60 General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting and Review Services 891 AR-C 70 Preparation of Financial Statements 899 AR-C 80 Compilation Engagements 907 AR-C 90 Review of Financial Statements 931 AR-C 120 Compilation of Pro Forma Financial Information 969 Appendix A Cross-References to SASs, SSAEs, and SSARSs 975 Appendix B List of AICPA Audit and Accounting Guides and AICPA Statements of Position Auditing and Attestation 977 Appendix C Other Auditing Publications 979 Index 981

The clearest, easiest-to-use guide to understanding all the clarified standards, including the new attestation standards fully updated! This comprehensive guide to understanding Generally Accepted Auditing Standards (GAAS) is not just about auditing.

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