AU-C section 500

Professional Standards:  This section explains what constitutes audit evidence in an audit of financial statements and addresses the auditor’s responsibility to design and perform audit procedures to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the auditor’s opinion
Published on October 03, 2012

AU-C section 530

Professional Standards:  This section applies when the auditor has decided to use audit sampling in performing audit procedures. It addresses the auditor’s use of statistical and nonstatistical sampling when designing and selecting the audit sample, performing tests of controls and tests of details, and evaluating the...
Published on October 03, 2012

AU section 318

Professional Standards:  This section establishes standards and provides guidance on determining overall responses and designing and performing further audit procedures to respond to the assessed risks of material misstatement at the financial statement and relevant assertion levels in a financial statement audit, and on evaluating the sufficiency and appropriateness...
Published on October 02, 2012

AU-C section 505

Professional Standards:  This section addresses the auditor’s use of external confirmation procedures to obtain audit evidence, in accordance with the requirements of AU-C sections 330 and 500. It does not address inquiries regarding litigation, claims, and assessments
Published on October 03, 2012

AU-C section 220

Professional Standards:  This section addresses the specific responsibilities of the auditor regarding quality control procedures for an audit of financial statements. It also addresses, when applicable, the responsibilities of the engagement quality control reviewer
Published on October 03, 2012

AU section 339

Professional Standards:  This section establishes standards and provides guidance on audit documentation. It details the form, content, and extent of audit documentation and discusses procedures for departures from the Statements on Auditing Standards and revisions to audit documentation after the date of the auditor’s report. The section also describes the ownership...
Published on October 02, 2012

AU section 329

Professional Standards:  This section provides guidance on the use of analytical procedures and requires the use of analytical procedures in the planning and overall review stages of all audits
Published on October 02, 2012

AU-C section 610

Professional Standards:  The auditor considers many factors in determining the nature, timing, and extent of auditing procedures to be performed in an audit of an entity's financial statements. One of the factors is the existence of an internal audit function
Published on October 03, 2012

AU section 330

Professional Standards:  This section provides guidance about the confirmation process in audits performed in accordance with generally accepted auditing standards. It defines the confirmation process; discusses the relationship of confirmation procedures to the auditor's assessment of audit risk; describes certain factors that affect the reliability of confirmations; provides guidance on...
Published on October 02, 2012

AU section 334

Professional Standards:  This section provides guidance on procedures that should be considered by the auditor when he is performing an audit of financial statements in accordance with generally accepted auditing standards to identify related party relationships and transactions and to satisfy himself concerning the...
Published on October 02, 2012

AU section 326

Professional Standards:  ...underlying the third standard of field work and defines audit evidence and relevant assertions (including discussion of the use of relevant assertions in assessing risks and designing appropriate further audit procedures); discusses qualitative aspects that the auditor considers in determining the sufficiency and appropriateness
Published on October 02, 2012

AU-C section 520

Professional Standards:  This section addresses the auditor’s use of analytical procedures as substantive procedures (substantive analytical procedures). It also addresses the auditor’s responsibility to perform analytical procedures near the end of the audit that assist the auditor when forming an overall conclusion on the financial statements
Published on October 03, 2012

AU section 390

Professional Standards:  ...procedures to be applied by an auditor who, subsequent to the date of his report on audited financial statements, concludes that one or more auditing procedures considered necessary at the time of the audit in the circumstances then existing were omitted from
Published on October 02, 2012

Section 500 - Other Responsibilities and Practices

Article:  Section 500 - Other Responsibilities and Practices
Published on April 09, 2013

AU-C section 585

Professional Standards:  ...section addresses the auditor’s responsibilities when, subsequent to the report release date, the auditor becomes aware that one or more auditing procedures that the auditor considered necessary in the circumstances existing at the time of the audit were omitted from the audit of the financial statements
Published on October 03, 2012