Umfang:
1 Online-Ressource (1059 Seiten)
Ausgabe:
2nd ed
ISBN:
9781394152711
Serie:
Wiley Regulatory Reporting Series
Anmerkung:
Description based on publisher supplied metadata and other sources
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Cover -- Title Page -- Copyright Page -- Contents -- Preface-Organization and Key Changes -- About the Author -- Chapter 1 AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards -- Technical Alert -- Scope -- Definitions of Terms -- Objectives of AU-C200 -- Requirements -- Management's Responsibilities -- Auditor's Objectives -- Materiality -- Ethical Requirements -- Professional Judgment and Skepticism -- Complying With Gaas -- GAAS and the GAAS Hierarchy -- Chapter 2 AU-C 210 Terms of Engagement -- Technical Alert -- Scope -- Definitions of Terms -- Objectives of AU-C 210 -- Fundamental Requirements -- Engagement Acceptance -- AU-C 210 Illustration -- Chapter 3 AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards -- Technical Alert -- Scope -- Definitions of Terms -- Objectives of AU-C 220 -- Requirements -- Quality Control Standards -- Role of the Engagement Team -- System of Quality Control -- Elements of Quality Control -- Independence -- Acceptance and Continuance of Client Relationships -- Assignment of Engagement Teams -- Direction, Supervision, and Performance -- Engagement Performance -- Documentation -- Chapter 4 AU-C 230 Audit Documentation -- Scope -- Definitions of Terms -- Objectives of AU-C 230 -- Requirements -- Requirement for Audit Documentation -- Form, Content, and Extent of Audit Documentation -- Ownership and Confidentiality -- Standardization of Audit Documentation -- Preparation of Audit Documentation -- Quality of Audit Documentation -- Audit Documentation Deficiencies -- Documentation Requirements in Other Sections -- Interpretations -- Providing Access to or Copies of Audit Documentation to a Regulator -- AU-C 230 Illustrations
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Chapter 5 AU-C 240 Consideration of Fraud in a Financial Statement Audit -- Technical Alert -- Scope -- Definitions of Terms -- Objectives of AU-C 240 -- Requirements -- Description and Characteristics of Fraud -- Responsibilities of the Auditor -- Professional Skepticism -- Engagement Team Discussion about Fraud (Brainstorming) -- Obtaining Information Needed to Identify Fraud Risks -- Inquiries of Internal Auditors -- Inquiries of Others within the Organization -- Inquiries of Those Charged with Governance -- Considering the Results of Analytical Procedures -- Considering Fraud Risk Factors -- Identifying Fraud Risks -- Assessing Identified Risks -- Responding to the Results of the Assessment of Risk of Material Misstatement -- Evaluating Audit Evidence -- Communication about Possible Fraud to Management and Those Charged with Governance -- Documentation -- Antifraud Programs and Controls -- AU-C 240 Illustrations -- Chapter 6 AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements -- Scope -- Definition of Term -- Objectives of AU-C 250 -- Requirements -- Management's Responsibilities -- Auditor's Responsibilities -- Categories of Laws and Regulations -- Audit Procedures -- Response to Identified or Suspected Noncompliance with Laws and Regulations -- Evaluation of Detected or Suspected Noncompliance with Laws and Regulations -- Reporting Identified or Suspected Noncompliance -- Documentation -- Chapter 7 AU-C 260 The Auditor's Communication with Those Charged with Governance -- Scope -- Definitions of Terms -- Objectives of AU-C 260 -- Requirements -- Those Charged with Governance -- Matters to Be Communicated -- Communication Process -- Qualitative Aspects of Accounting Practices -- Other AU-C Sections -- Chapter 8 AU-C 265 Communicating Internal Control Related Matters Identified in an Audit -- Scope
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Definitions of Terms -- Objectives of AU-C 265 -- Requirements -- Determining Whether Deficiencies in Internal Control Have Been Identified -- Considerations Specific to Smaller, Less Complex Entities -- Indicators of Material Weakness -- Communication of Internal Control Related Matters -- Management Response -- Interpretations -- Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Participants in Office of Management and Budget Single-Audit Pilot Project -- Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Auditors Who Are Not Participants in Office of Management and Budget Pilot Project -- Appropriateness of Identifying No Significant Deficiencies or No Material Weaknesses in an Interim Communication -- AU-C 265 Illustrations -- Chapter 9 AU-C 300 Planning an Audit -- Technical Alert -- Scope -- Objectives of AU-C 300 -- Requirements -- Preliminary Engagement Activities -- Documentation -- Matters to Consider in Developing an Audit Strategy -- Chapter 10 AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement -- Scope -- Technical Alert -- Definitions of Terms -- Objectives of AU-C 315 -- Overview -- Requirements -- Step 1. Perform Risk Assessment Procedures -- Step 2. Identification of Significant Risks -- Step 3. Assessing the Risk of Material Misstatement -- Documentation -- Examples of Matters to Consider When Obtaining an Understanding of the Entity and Its Environment -- The Economy -- The Client's Industry -- The Client's Business: New Client -- The Client's Business: Continuing Client -- Using a Risk-Based, Top-Down Approach to Evaluate Internal Control -- Effect of IT on Internal Control -- AU-C 315 Illustrations
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Chapter 11 AU-C 320 Materiality in Planning and Performing an Audit -- Scope -- Definition of Term -- Objectives of AU-C 320 -- Overview -- Materiality and Audit Risk -- Requirements -- Determining Materiality and Performance Materiality -- Revision of Materiality -- Documentation Requirements -- Chapter 12 AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained -- Scope -- Definitions of Terms -- Objectives of AU-C 330 -- Overview -- Requirements -- Overall Responses -- Designing Further Audit Procedures -- Tests of Controls -- Substantive Procedures -- Evaluating the Sufficiency and Appropriateness of the Audit Evidence Obtained -- Documentation -- Testing at Interim Dates -- Misstatements Detected at Interim Dates -- Designing Audit Procedures -- Tests of Internal Control Operating Effectiveness -- Types of Tests -- Chapter 13 AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization -- Scope -- Definitions of Terms -- Objectives of AU-C 402 -- Requirements -- Types of Service Auditor's Reports -- Considerations in Using a Service Auditor's Report -- AU-C 402 Illustration-Audit Program for an Auditor's Review of a Service Auditor's Report -- Chapter 14 AU-C 450 Evaluation of Misstatements Identified during the Audit -- Scope -- Definitions of Terms -- Objective of AU-C 450 -- The Nature and Causes of Misstatements -- Requirements -- Accumulation of Misstatements -- Communication and Correction of Misstatements to Management -- Evaluating the Effect of Uncorrected Misstatements -- The Qualitative Characteristics of Misstatements -- Prior Period Misstatements -- Misstatement Worksheet -- Documentation Requirements -- Chapter 15 AU-C 500 Audit Evidence -- Technical Alert -- Scope -- Definitions of Terms -- Objectives of AU-C 500 -- Requirements
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General Guides to the Relevance and Reliability of Evidence -- General Guides to Sufficiency of Evidence -- Audit Procedures for Obtaining Audit Evidence -- Sources of Information -- Using Automated Tools -- Interpretations -- The Effect of an Inability to Obtain Evidential Matter Relating to Income Tax Accruals -- Auditor of Participating Employer in a Governmental Cost-Sharing Multiple-Employer Pension Plan -- Auditor of Participating Employer in a Governmental Agent Multiple-Employer Pension Plan -- Chapter 16 AU-C 501 Audit Evidence-Specific Considerations for Selected Items -- Technical Alert -- Scope -- Objectives of AU-C 501 -- Definition of Term -- Requirements-Investments in Securities and Derivative Instruments -- Valuation -- Requirements-Inventory Existence and Condition -- Practice Alert -- Timing and Extent of Inventory Observation -- Inventory Held by a Third Party -- Steps in the Observation of Inventory -- Planning the Physical Inventory -- Taking the Physical Inventory -- External Inventory-Taking Firm -- Inventory Observation Checklist -- AU-C 501 Illustrations-Inventory Observation -- Requirements-Litigation, Claims, and Assessments Involving the Entity -- Accounting Considerations -- Audit Procedures Other Than Inquiry of Lawyers -- Inquiry of Client's Lawyer -- Evaluation of Lawyer's Response -- Refusal of Attorney to Respond -- Lawyer on Board of Directors -- Litigation Not Investigated by Lawyer -- Litigation with Insurance Company -- Reliance on House or Inside Counsel -- Review of Interim Financial Information -- Au-C 501 Illustration-Litigation, Claims, and Assessments -- REQUIREMENTS-SEGMENT REPORTING -- Requirements-Management's Specialist -- Chapter 17 AU-C 505 External Confirmations -- Scope -- Definitions of Terms -- Objective of AU-C 505 -- Requirements -- Requirements in Other AU-C Sections
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Results of Confirmation Procedures
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe Flood, Joanne M. Wiley Practitioner's Guide to GAAS 2023 Newark : John Wiley & Sons, Incorporated,c2023 ISBN 9781394152704
Sprache:
Englisch
