Meeting Agenda and Materials for August 24-27, 2009, ASB Meeting 

Meeting Date: August 24–27, 2009
Place: Nashville, TN
Sheraton Nashville Downtown Hotel
623 Union Street
Nashville, TN 37219

Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc.

Agenda 

• Agenda Item #1 - Auditor’s Report
  • Discussion Memorandum
  • Agenda Item 1A - Exposure Draft Wrap - Auditor’s Reports (see Item 1O for reporting on compliance wrap materials)
  • Agenda Item 1A - Exhibits
  • Modifications to the Opinion in the Independent Auditor’s Report
    • Agenda Item 1B - Issues Paper Modifications to the Opinion
    • Agenda Item 1C - Matrix comparing ISA 705, proposed SAS, and certain paragraphs of extant AU 508 and 431
    • Agenda Item 1D - Proposed SAS Modifications to the Opinion in the Independent Auditor’s Report (clean)
    • Agenda Item 1E - Proposed SAS Modifications to the Opinion in the Independent Auditor’s Report (redlined from April 2009 ASB meeting)
    • Agenda Item 1F - Mapping of extant AU 508, Reports on Audited Financial Statements, and related interpretations, to the proposed SASs
    • Agenda Item 1G - Mapping of extant AU section 431, Adequacy of Disclosure in Financial Statements, to the proposed SAS
  • Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
    • Agenda Item 1H - Issues Paper Emphasis of Matter and Other Matter Paragraphs
    • Agenda Item 1I - Matrix comparing ISA 706, proposed SAS, and certain paragraphs of extant AU 508 and 532
    • Agenda Item 1J - Proposed SAS Emphasis of Matter Paragraphs and Other Matter Paragraphs In the Independent Auditor’s Report (clean)
    • Agenda Item 1K - Proposed SAS Emphasis of Matter Paragraphs and Other Matter Paragraphs In the Independent Auditor’s Report (redlined from April 2009 meeting)
    • Agenda Item 1L - Mapping of extant AU 532, Restricting the Use of an Auditor’s Report, to the proposed SAS.
    • See Agenda Item 1F for mapping of extant AU 508, Reports on Audited Financial Statements, and related interpretations, to the proposed SAS
  • Reporting on Compliance With Aspects of Contractual Agreements or Regulatory Requirements Related to Audited Financial Statements
    • Agenda Item 1M - Issues Paper Reporting on Compliance
    • Agenda Item 1N - Matrix comparing extant AU 623.19–.21 to proposed SAS
    • Agenda Item 1O - Exposure Draft Wrap - Reporting on Compliance
    • Agenda Item 1P - Proposed SAS Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements Related to Audited Financial Statements (clean)
    • Agenda Item 1Q - Proposed SAS Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements Related to Audited Financial Statements (redlined from June 2009 ASB meeting)
• Agenda Item #2 - Engagement Reps
  • Discussion Memorandum
  • Agenda Item 2A - Matrix, Proposed SAS Terms of Engagement and ISA 210
  • Agenda Item 2B - Proposed SAS Terms of Engagement (clean)
  • Agenda Item 2C - Proposed SAS Terms of Engagement (marked from June)
  • Agenda Item 2D - Matrix, Proposed SAS Written Representations and ISA 580
  • Agenda Item 2E -Proposed SAS Written Representations (clean)
  • Agenda Item 2F - Proposed SAS Written Representations (marked from June)
  • Agenda Item 2G - Exhibit 2 to Proposed SAS Written Representations (marked against extant)
  • Agenda Item 2H - Exposure Draft Wrap
• Agenda Item #3 - AU 625 Redrafted
  • Discussion Memorandum
  • Agenda Item 3A - Proposed SAS Reports on the Application of the Requirements of an Applicable Financial Reporting Framework
  • Agenda Item 3B - Matrix of Extant SAS and Proposed SAS
  • Agenda Item 3C - Mapping Document and Disposition of Requirements
• Agenda Item #4 - Compliance Audits
  • Discussion Memorandum
  • Agenda Item 4A - Clean draft of the proposed SAS
  • Agenda Item 4B - Draft of the proposed SAS marked from the draft presented at the June 2009 ASB Meeting
• Agenda Item #5 - Overall Objectives
  • Discussion Memorandum
  • Agenda Item 5A - Revised draft of proposed Preface and SAS (clean)
  • Agenda Item 5B - Revised draft of proposed Preface and SAS (markup from June)
  • Agenda Item 5C - Matrix of ISA 200 and proposed SAS
  • Agenda Item 5D - Proposed conforming amendment to proposed Preface and SAS (no change from June; for reference only)
• Agenda Item #6 - Analytical Procedures
  • Discussion Memorandum
  • Agenda Item 6A - Comparison of proposed SAS, Analytical Procedures, to ISA 520, Analytical Procedures, and to extant AU 329, Analytical Procedures
  • Agenda Item 6B - Draft proposed SAS, Analytical Procedures
  • Agenda Item 6C - AU 329 Mapping Document
• Agenda Item #7 - Internal Control
  • Discussion Memorandum
  • Agenda Item 7A - Proposed SAS (clean)
  • Agenda Item 7B - Matrix comparing ISA 265, the proposed SAS, and SAS No. 115
  • Agenda Item 7C - Mapping document of SAS No. 115
• Agenda Item #8 - Specialists
  • Discussion Memorandum
  • Agenda Item 8A - Audit Evidence (including Management Specialist Matrix August 2009)
  • Agenda Item 8B - Audit Evidence (including Management Specialist proposed SAS clean August 2009)
  • Agenda Item 8C - Management Nonemployee Specialists Matrix August 2009
  • Agenda Item 8D - Management Nonemployee Specialists Proposed SAS Clean August 2009
  • Agenda Item 8E - Auditor Specialist Matrix August 2009
  • Agenda Item 8F - Auditor Specialist Proposed SAS clean August 2009
  • Agenda Item 8G - AU 336 Mapping August 2009
  • Agenda Item 8H - ASB Recommendation to the IAASB
    • Agenda Item 8H - Recommendation of the ASB to the IAASB: Using an Outside Specialist to Assist in the Audit
    • Agenda Item 8H - Recommendation of the ASB to the IAASB: Using the Work of Management's Nonemployee Specialist
    • Agenda Item 8H - Recommendation from the Auditing Standards Board to the International Auditing and Assurance Standards Board: Use of Specialists
• Agenda Item #9 - Letters for Underwriters
  • Discussion Memorandum
  • Agenda Item 9A - Proposed SAS Letters for Underwriters and Certain Other Requesting Parties
  • Agenda Item 9B - Matrix, Proposed SAS and AU section 634 (proposed SAS order)
  • Agenda Item 9C - Mapping, Proposed SAS and AU section 634 (AU 634 order)
  • Agenda Item 9D - Exhibit 2, Examples (clean)
  • Agenda Item 9E - Exhibit 2, Examples (marked from extant)
• Agenda Item #10 - Specific Items
  • Discussion Memorandum
  • Agenda Item 10A - Disposition of AU 332
  • Agenda Item 10B - Proposed SAS (selected items marked for AU 332 incremental content)
• Agenda Item #11 - SAS 69
  
  • Discussion Memorandum
  • Agenda Item 11A - Ballot for Withdrawal of AU section 411 (SAS No. 69), The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles, as Amended
  • Agenda Item 11B - AU sections 411 and 9411 (clean)
• Agenda Item #12 - Other Information
  
  • Discussion Memorandum
  • Agenda Item 12A - Draft Proposed SAS Supplementary Information in Relation to the Financial Statements as a Whole - clean
  • Agenda Item 12B - Draft Proposed SAS Supplementary Information in Relation to the Financial Statements as a Whole - redline marked from clean version presented at the July 2009 ASB meeting