Cantitate/Preț
Produs

Statement on Auditing Standards, Number 127: Omnibus Statement on Auditing Standards

De (autor)
Notă GoodReads:
en Limba Engleză Carte Paperback – 30 May 2017
Paragraph .25a of Statement on Auditing Standards (SAS) No. 122, Statements on Auditing Standards: Clarification and Recodification, section 600, Special Considerations––Audits of Group Financial Statements (Including the Work of Component Auditors) (AICPA, Professional Standards), precludes making reference to the audit of a component auditor in the auditor s report on the group financial statements unless the component s financial statements are prepared using the same financial reporting framework as that used for the group financial statements. These amendments permit making reference to the audit of a component auditor in the auditor s report on the group financial statements when the component s financial statements are prepared using a different financial reporting framework than that used for the group financial statements, if certain conditions are met. The amendments also add a requirement, when reference is made to a component auditor s report on financial statements prepared using a different financial reporting framework, for the auditor s report on the group financial statements to disclose that the auditor of the group financial statements is taking responsibility for evaluating the appropriateness of the adjustments to convert the component s financial statements to the financial reporting framework used by the group. The amendments also add application material that addresses making reference when the financial reporting frameworks differ.
Paragraph .25b of SAS No. 122 section 600 precludes making reference to the audit of a component auditor in the auditor s report on the group financial statements unless the component auditor has performed an audit that meets the relevant requirements of generally accepted auditing standards (GAAS). Paragraph .A54 of SAS No. 122 section 600 provides guidance on how the group engagement partner may determine that the audit performed by the component auditor meets the relevant requirements of GAAS. These amendments clarify that requirement and add additional guidance regarding that determination. The amendments also add a requirement that when the auditor of the group financial statements is making reference to the audit of a component auditor and has determined that the component auditor performed additional audit procedures in order to meet the relevant requirements of GAAS, the auditor s report on the group financial statements should indicate the set of auditing standards used by the component auditor and that additional audit procedures were performed by the component auditor to meet the relevant requirements of GAAS.
These amendments also clarify that the group engagement team is required to determine component materiality for those components on which the group engagement team will assume responsibility for the work of a component auditor who performs an audit or a review.
Citește tot Restrânge

Preț: 11925 lei

Puncte Express: 179

Preț estimativ în valută:
2436 $ 2129£

Carte disponibilă

Livrare economică 06-18 iulie
Livrare express 26-30 iunie pentru 3025 lei

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9781937351892
ISBN-10: 1937351890
Pagini: 32
Dimensiuni: 149 x 226 x 3 mm
Greutate: 0.07 kg
Editura: Wiley
Locul publicării: Hoboken, United States

Public țintă

CPAs, auditors

Notă biografică

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule–making and standard–setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession s technical and ethical standards.
The AICPA s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.