Joanne M. Flood - Wiley Practitioner's Guide to GAAS 2020

7 4 AU-C 230 Audit Documentation Scope Definitions of Terms Objective of AU-C Section 230 Requirements Interpretations AU-C 230 Illustrations

8 5 AU-C 240 Consideration of Fraud in a Financial Statement Audit Scope Definitions of Terms Objectives of AU-C Section 240 Requirements AU-C 240 Illustrations

9 6 AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements Scope Definition of Term Objectives of AU-C Section 250 Requirements

10 7 AU-C 260 The Auditor’s Communication with Those Charged with Governance Scope Definitions of Terms Objectives of AU-C Section 260 Requirements

11 8 AU-C 265 Communicating Internal Control Related Matters Identified in an Audit Scope Definitions of Terms Objective of AU-C Section 265 Requirements Management Response Interpretations AU-C 265 Illustrations

12 9 AU-C 300 Planning an Audit Scope Objective of AU-C Section 300 Requirements

13 10 AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement Scope Technical Alert Definitions of Terms Objective of AU-C Section 315 Overview Requirements AU-C 315 Illustrations

14 11 AU-C 320 Materiality in Planning and Performing an Audit Scope Definition of Term Objective of AU-C Section 320 Overview Requirements

15 12 AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained Scope Definitions of Terms Objective of AU-C Section 330 Overview Requirements

16 13 AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization Scope Definitions of Terms Objective of AU-C Section 402 Requirements AU-C 402 Illustration—Audit Program for an Auditor’s Review of a Service Auditor’s Report

17 14 AU-C 450 Evaluation of Misstatements Identified during the Audit Scope Definitions of Terms Objective of AU-C Section 450 Requirements

18 15 AU-C 500 Audit Evidence Scope Definitions of Terms Objective of AU-C Section 500 Requirements Interpretations

19 16 AU-C 501 Audit Evidence—Specific Considerations for Selected Items Scope Objective of AU-C Section 501 Requirements—Investments in Securities and Derivative Instruments AU-C 501 Illustrations—Investments in Securities and Derivative Instruments Requirements—Inventory Existence and Condition AU-C 501 Illustrations—Inventory Observation Requirements—Litigation, Claims, and Assessments Involving the Entity AU-C 501 Illustration—Litigation, Claims, and Assessments Requirements—Segment Reporting

20 17 AU-C 505 External Confirmations Scope Definitions of Terms Objective of AU-C Section 505 Requirements AU-C 505 Illustrations

21 18 AU-C 510 Opening Balances—Initial Audit Engagements, Including Reaudit Engagements Scope Definitions of Terms Objective of AU-C Section 510 Requirements AU-C 510 Illustrations

22 19 AU-C 520 Analytical Procedures Scope Definition of Term Objective of AU-C Section 520 Overview Requirements AU-C 520 Illustrations

23 20 AU-C 530 Audit Sampling Scope Definitions of Terms Objective of AU-C Section 530 Overview Requirements Nonsampling Techniques Nonstatistical Audit Sampling Techniques Statistical Audit Sampling Techniques

24 21 AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures Scope Definitions of Terms Objectives of AU-C Section 540 Overview Requirements

25 22 AU-C 550 Related Parties Scope Definitions of Terms Objective of AU-C Section 550 Overview Requirements AU-C 550 Illustration—Related-Party Checklist

26 23 AU-C 560 Subsequent Events and Subsequently Discovered Facts Scope Definitions of Terms Objectives of AU-C Section 560 Overview Requirements AU-C 560 Illustration—Subsequent Events Checklist

27 24 AU-C 570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern Scope Definition of Term Objectives of AU-C Section 570 Responsibility for the Evaluation of the Entity’s Ability to Continue as a Going Concern Requirements AU-C 570 Illustration—Going Concern Checklist

28 25 AU-C 580 Written Representations Scope Definition of Term Objectives of AU-C Section 580 Requirements Auditor’s Relationship with a Small or Nonpublic Client AU-C 580 Illustrations

29 26 AU-C 585 Consideration of Omitted Procedures after the Report Release Date Scope Definition of Term Overview Objectives of AU-C Section 585 Requirements Determining Importance of Omitted Procedures AU-C 585 Illustration—Applying the Omitted Procedure

30 27 AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors) Scope Introduction Definitions of Terms Objectives of AU-C Section 600 Overview Requirements Interpretations AU-C 600 Illustrations

31 28 AU-C 610 Using the Work of Internal Auditors Scope Objectives of AU-C Section 610 Definitions of Terms Overview Requirements AU-C 610 Illustrations

32 29 AU-C 620 Using the Work of an Auditor’s Specialist Scope Definitions of Terms Objectives of AU-C Section 620 Requirements Interpretations AU-C 620 Illustrations

33 30 AU-C 700 Forming an Opinion and Reporting on Financial Statements Scope Definitions of Terms Objectives of AU-C Section 700 Requirements Forming an Opinion Requirements: Auditor’s Standard Report Requirements: Reports on Comparative Financial Statements Interpretations AU-C 700 Illustrations (Source: AU-C 700.58)

34 31 AU-C 705 Modifications to the Opinion in the Independent Auditor’s Report Scope Definitions of Terms Objective of AU-C Section 705 Requirements AU-C 705 Illustrations (Source: AU-C 705.A32)

35 32 AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report Scope Definitions of Terms Objective Requirements AU-C 706 Illustrations

36 33 AU-C 708 Consistency of Financial Statements Scope Definition of Term Objectives of AU-C Section 708 Requirements

37 34 AU-C 720 Other Information in Documents Containing Audited Financial Statements Scope Definitions of Terms Objective of AU-C Section 720 Requirements AU-C 720 Illustration: Other-Matter Paragraph to Disclaim an Opinion on Other Information (from AU-C 720.A13)

38 35 AU-C 725 Supplementary Information in Relation to the Financial Statements as a Whole Scope Definition of Term Objectives of AU-C Section 725 Requirements Interpretation AU-C 725 Illustrations

39 36 AU-C 730 Required Supplementary Information Scope Definitions of Terms Objectives Requirements AU-C 730 Illustrations

40 37 AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks Scope Definitions of Terms Objective of AU-C Section 800 Requirements AU-C 800 Illustrations (Source: AU-C 800.A36)

41 38 AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement Scope Definitions of Terms Objective of AU-C Section 805 Requirements Interpretation AU-C 805 Illustrations of Auditor’s Reports on a Single Financial Statement and a Specific Element of a Financial Statement (Source: AU-C 805.A25)

42 39 AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements Scope Definitions of Terms Objectives of AU-C Section 806 Requirements AU-C 806 Illustrations (Source: AU-C 806.A8)

43 40 AU-C 810 Engagements to Report on Summary Financial Statements Scope Definitions of Terms Objectives of AU-C Section 810 Requirements AU-C 810 Illustrations (Source: AU-C 810.A22)