Improving the Clarity of ASB Standards

• AICPA Auditing Standards Board Clarification and Convergence Explanatory Memorandum
• AICPA Clarity Project Exposure Drafts
  • Quality Control – SQCS
    • Proposed SQCS, A Firm’s System of Quality Control (Redrafted)
    • Supplementary Material
  • Quality Control – SAS
    • Proposed SAS, Quality Control for an Audit of Financial Statements
    • Supplementary Material
  • External Confirmations
    • Proposed SAS, External Confirmations
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 505
      • Disposition of AU Section 330 in Proposed SAS
  • Subsequent Events and Subsequently Discovered Facts
    • Proposed SAS, Subsequent Events and Subsequently Discovered Facts
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 560
      • Disposition of AU Sections 508, 530, 560, and 561 in Proposed SAS
  • Audit Sampling
    • Proposed SAS, Audit Sampling (Redrafted)
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 530
      • Disposition of AU Section 350 in Proposed SAS
  • Initial Audit Engagements
    • Proposed SAS, Initial Audit Engagements, Including Reaudits—Opening Balances
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 510
      • Disposition of AU Section 315 in Proposed SAS
  • Laws and Regulations
    • Proposed SAS, Consideration of Laws and Regulations in an Audit of Financial Statements (Redrafted)
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 250
      • Disposition of AU Section 317 in Proposed SAS
  • Risk Assessment
    • Explanatory Memo
      • Exhibit A – Comparison of Proposed Statements on Auditing Standards Related to Risk Assessment With the Corresponding International Standards on Auditing
      • Exhibit B – Summary of Differences Between the PCAOB’s and the ASB’s Proposed Risk Assessment Standards
    • Proposed SAS, Audit Evidence (Redrafted)
    • Proposed SAS, Materiality in Planning and Performing an Audit (Redrafted)
    • Proposed SAS, Evaluation of Misstatements Identified During an Audit
    • Proposed SAS, Planning an Audit (Redrafted)
    • Proposed SAS, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement (Redrafted)
    • Proposed SAS, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained (Redrafted)
    • Supplementary Material:
      • Comparison of Proposed SAS, Audit Evidence (Redrafted) to ISA 500
      • Comparison of Proposed SAS, Materiality in Planning and Performing an Audit (Redrafted) to ISA 320
      • Comparison of Proposed SAS, Evaluation of Misstatements Identified During the Audit to ISA 450
      • Comparison of Proposed SAS, Planning an Audit (Redrafted) to ISA 300
      • Comparison of Proposed SAS, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement (Redrafted) to ISA 315
      • Comparison of Proposed SAS, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained (Redrafted) to ISA 330
    • Press Release
    • Questions and Answers on Redrafted Risk Assessment Standards
  • Consideration of Fraud in a Financial Statement Audit
    • Proposed SAS, Consideration of Fraud in a Financial Statement Audit (Redrafted)
      
    • Supplementary Material:
      
      • Comparison of Proposed SAS to ISA 240
      • Disposition of AU Section 316 in Proposed SAS
  • Supplementary Information
    • Proposed Statements on Auditing Standards, Required Supplementary Information; Other Information in Documents Containing Audited Financial Statements; and Other Information in Relation to the Financial Statements as a Whole.
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 720
      • Disposition of AU Section 550 Proposed SAS, Other Information in Documents Containing Audited Financial Statements
      • Disposition of AU Section 551 in Proposed SAS, Other Information in Relation to the Financial Statements as a Whole
      • Disposition of AU Section 558 in Proposed SAS, Required Supplementary Information
  • Service Organizations - SSAE
    • Proposed Statement on Standards for Attestation Engagements, Reporting on Controls at a Service Organization
    • Supplementary Material:
      • Comparison of Proposed SSAE to ISAE 3402
      • Disposition of AU Section 324 in Proposed SSAE
  • Service Organizations - SAS
    • Proposed Statement on Auditing Standards, Audit Considerations Relating to an Entity Using a Service Organization (Redrafted)
    • Supplementary Material:
      • Comparison of Proposed SAS to ISA 402
      • Disposition of AU Section 324 in Proposed SAS
  • Preface to Codification of Statements on Auditing Standards and Overall Objectives
    • Proposed Preface to Codification of Statements on Auditing Standards, Principles Governing an Audit Conducted in Accordance With Generally Accepted Auditing Standards, and Proposed Statement on Auditing Standards, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards
    • Supplementary Material
• AICPA's Auditing Standards Board International Convergence Plan
• Discussion Paper - Improving the Clarity of ASB Standards
  • Comment letters received on discussion paper

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