Designing Analytical Procedures in a Review Engagement
In performing the inquiry and analytical procedures for a review engagement, it is important to understand that these performance requirements are not to be performed in a “mechanical” manner
Published on July 07, 2010
AU-C Section 520 Analytical Procedures
In implementing the clarified auditing technical literature guidance, auditors will notice some modifications associated with requirements that need to be addressed when using analytical procedures in planning and performing audit engagements
Published on November 07, 2012
Forecasts, Projections, and Pro Forma Information
At times, questions arise related to how there should be an appropriate distinction associated with whether attest engagements relate to forecasts or projections [collectively referred to as prospective financial statements], or pro forma financial information.
Published on December 23, 2009
AU-C Section 500 Audit Evidence Some Overarching Considerations
In implementing the clarified auditing technical literature guidance, auditors will notice some modifications associated with requirements that need to be addressed when obtaining audit evidence that is needed to support their audit opinions.
Published on October 10, 2012
AU-C Section 330 Responding To Assessed Risks & Evaluating Evidence
In implementing the clarified auditing technical literature guidance, auditors will notice some modifications associated with requirements that need to be addressed when understanding how procedures need to be performed to address assessed risks of material misstatement in the financial statements and how they need to evaluate audit evidence that has
Published on September 26, 2012
Compilation & Review Engagements Reporting on Supplementary Information
Frequently, when practitioners are compiling and reviewing financial statements, supplementary information accompanies those statements. Without regard to whether the statements are being compiled or reviewed, practitioners need to clearly-indicate the degree of responsibility they are assuming with respect to that information.
Published on August 03, 2011
Planning & Performing Audit Engagements Focusing on Some Frequently-Encountered Deficiencies
The Audit Risk Alert, General Accounting and Auditing Developments—2013/14, should prove to be a useful tool in helping auditors identify significant risks that may result in the material misstatement of financial statements.
Published on November 20, 2013
Some Continuing Issues in Compilation & Review Engagements
Each year, the AICPA updates and compiles a listing of recurring deficiencies where the deficiencies are frequently-encountered in practice, and where the issues often are noted as a result of the peer review process.
Published on January 07, 2009
Compilation and Review Engagements Focusing on Some Documentation Miscues
As practitioners are planning to perform calendar-year 2013 compilation and review engagements, it might be helpful to focus on some frequently-encountered documentation deficiencies that are noted in these type engagements.
Published on December 18, 2013
SSARS No. 19 Implementation Getting Ready for 2010 Engagements
In the first of a three-part series of reports addressing how to implement SSARS No. 19, these materials address, in capsule summary form, the major changes that need to be considered in compiling and reviewing financial statements beginning with calendar-year 2010 statements.
Published on June 09, 2010