Wiley Practitioner's Guide to GAAS 2023: Covering All Sass, Ssaes, Ssarss, and Interpretations (Paperback, 2)

Preface—Organization and Key Changes ix

About the Author xv

1 AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards 1

2 AU-C 210 Terms of Engagement 7

3 AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards 17

4 AU-C 230 Audit Documentation 25

5 AU-C 240 Consideration of Fraud in a Financial Statement Audit 37

6 AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements 67

7 AU-C 260 The Auditor’s Communication with Those Charged with Governance 73

8 AU-C 265 Communicating Internal Control Related Matters Identified in an Audit 81

9 AU-C 300 Planning an Audit 91

10 AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement 99

11 AU-C 320 Materiality in Planning and Performing an Audit 129

12 AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained 135

13 AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization 165

14 AU-C 450 Evaluation of Misstatements Identified during the Audit 173

15 AU-C 500 Audit Evidence 179

16 AU-C 501 Audit Evidence—Specific Considerations for Selected Items 185

17 AU-C 505 External Confirmations 211

18 AU-C 510 Opening Balances—Initial Audit Engagements, Including Reaudit Engagements 227

19 AU-C 520 Analytical Procedures 235

20 AU-C 530 Audit Sampling 249

21 AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures 275

22 AU-C 550 Related Parties 293

23 AU-C 560 Subsequent Events and Subsequently Discovered Facts 307

24 AU-C 570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern 321

25 AU-C 580 Written Representations 337

26 AU-C 585 Consideration of Omitted Procedures after the Report Release Date 351

27 AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) 357

28 AU-C 610 Using the Work of Internal Auditors 381

29 AU-C 620 Using the Work of an Auditor’s Specialist 395

30 AU-C 700 Forming an Opinion and Reporting on Financial Statements 405

31 AU-C 701 Communicating Key Audit Matters in the Independent Auditor’s Report 431

32 AU-C 703 Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA 439

33 AU-C 705 Modifications to the Opinion in the Independent Auditor’s Report 475

34 AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report 499

35 AU-C 708 Consistency of Financial Statements 513

36 AU-C 720 Other Information in Documents Containing Audited Financial Statements 517

37 AU-C 725 Supplementary Information in Relation to the Financial Statements as a Whole 523

38 AU-C 730 Required Supplementary Information 531

39 AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 537

40 AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement 551

41 AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements 565

42 AU-C 810 Engagements to Report on Summary Financial Statements 573

43 AU-C 905 Alert That Restricts the Use of the Auditor’s Written Communication 583

44 AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country 591

45 AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework 597

46 AU-C 920 Letters for Underwriters and Certain Other Requesting Parties 603

47 AU-C 925 Filings with the U.S. Securities and Exchange Commission under the Securities Act of 1933 643

48 AU-C 930 Interim Financial Information 649

49 AU-C 935 Compliance Audits 677

50 AU-C 940 An Audit of Internal Control over Financial Reporting That Is Integrated with an Audit of Financial Statements 687

51 AU-C 945 Auditor Involvement with Exempt Offering Documents 713

52 AT-C Preface 717

53 AT-C 105 Concepts Common to All Attestation Engagements 721

54 AT-C 205 Assertion-Based Examination Engagements 735

55 AT-C 206 Direct Examination Engagements 759

56 AT-C 210 Review Engagements 769

57 AT-C 215 Agreed-Upon Procedures Engagements 787

58 AT-C 305 Prospective Financial Information 805

59 AT-C 310 Reporting on Pro Forma Financial Information 819

60 AT-C 315 Compliance Attestation 833

61 AT-C 320 Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting 845

62 AT-C 395 Management’s Discussion and Analysis 861

63 AR-C 60 General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting and Review Services 869

64 AR-C 70 Preparation of Financial Statements 875

65 AR-C 80 Compilation Engagements 883

66 AR-C 90 Review of Financial Statements 907

67 AR-C 100 Special Considerations—International Reporting Issues 949

68 AR-C 120 Compilation of Pro Forma Financial Information 959

Appendix A Definitions of Terms—AU-C Standards 965

Appendix B Definitions of Terms—AT-C Standards 987

Appendix C Definitions of Terms—AR-C Standards 997

Appendix D Interpretive Publications and Other Auditing Publications 1003

Index 1005