Audit adjustments; Statement on auditing standards, 089

Authors

American Institute of Certified Public Accountants. Auditing Standards Executive Committee

Files

Description

In accordance with AU section 310.05, the auditor should establish an understanding with the client regarding the services to be performed for each engagement. That understanding should be documented, preferably in an engagement letter or other written communication. AU section 310.06 specifies various matters that generally are addressed in the understanding, including management's responsibility for the financial statements. One of the matters that is not specifically addressed is management's responsibility for determining the appropriate disposition of financial statement misstatements aggregated by the auditor. This amendment adds the following to the list in AU section 310.06 of matters that generally are included in the understanding with the client.

Publication Date

1999

Relational Format

pamphlet

Publisher

American Institute of Certified Public Accountants

Keywords

Auditing -- Standards -- United States Financial statements -- Standards -- United States Customer relations

Disciplines

Accounting | Taxation

Recommended Citation

American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Audit adjustments; Statement on auditing standards, 089" (1999). Statements on Auditing Standards. 105.
https://egrove.olemiss.edu/aicpa_sas/105