Wiley Practitioner's Guide to GAAS 2023

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