Statements of Position

Files

Download

Download Full Text (382 KB)

Description

The Auditing Standards Board (ASB) is issuing this proposed statement on auditing standards (SAS) and statement on standards for attestation engagements (SSAE) to provide auditors1 with improved guidance on performing an audit of an entity's financial statements and performing attestation services. This proposed Statement would amend various sections of the SASs and the SSAEs. Among its more significant provisions are amendments that would: 1. Clarify the requirement to prepare a written audit program for every audit. 2. Preclude the auditor from using conditional language in a going-concern explanatory paragraph. 3. Preclude an AICPA accounting or audit guide or auditing interpretation from allowing additional distribution of statutory financial statements under an other comprehensive basis of accounting. 4. Provide working paper documentation requirements for attestation engagements. This proposed Statement would amend: 1. SAS No. 22, Planning and Supervision (AICPA, Professional Standards, vol. 1, AU sec. 311.05). 2. SAS No. 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern (AICPA, Professional Standards, vol. 1, AU sec. 341.13). 3. SAS No. 1, Codification of Statements on Auditing Standards (AICPA, Professional Standards, vol. 1, AU sec. 544, "Lack of Conformity With Generally Accepted Accounting Principles," paragraphs .02 and .04), and SAS No. 62, Special Reports (AICPA, Professional Standards, vol. 1, AU sec. 623.05). 4. SSAE No. 1, Attestation Standards (AICPA, Professional Standards, vol. 1, AT sec. 100, "Attestation Standards").

ISBN

ed95-02-23at

Publication Date

1995

Relational Format

Book

Keywords

Attest function (Auditing) -- Standards -- United States; Auditing -- Standards -- United States

Disciplines

Accounting | Taxation

Comments

Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants; Exposure draft (American Institute of Certified Public Accountants), 1995, Feb. 23

Proposed statement on auditing standards and statement on standards for attestation engagements : omnibus statement on auditing standards and statement on standards for attestation engagements, 1995;Omnibus statement on auditing standards and statement on standards for attestation engagements, 1995

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.