Last edited by Tegul
Wednesday, July 29, 2020 | History

2 edition of Other information in documents containing audited financial statements. found in the catalog.

Other information in documents containing audited financial statements.

Auditing Standards Board.

Other information in documents containing audited financial statements.

by Auditing Standards Board.

  • 352 Want to read
  • 25 Currently reading

Published by Auditing Practices Board in London .
Written in English

    Subjects:
  • Auditing -- Standards.

  • Edition Notes

    SeriesStatement of auditing standards -- 160, Exposure draft
    The Physical Object
    Pagination10p.
    Number of Pages10
    ID Numbers
    Open LibraryOL18077124M
    ISBN 101841400327

    AS — Other Information in Documents Containing Audited Financial Statements Previous Section Next Section DART pending content manager is OFF You are here. Business Combinations Business Combinations — SEC Reporting Considerations Carve-Out Transactions Comparing IFRS Standards and U.S. GAAP Consolidation — Identifying a Controlling Financial Interest Contingencies and Loss Recoveries Contracts on an Entity's Own Equity Convertible Debt Current Expected Credit Losses Disposals of Long-Lived Assets and Discontinued Operations .

    The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements, 02 Nov, INTRODUCTION The auditor should read the other information included in annual report. Audited Financial Statements. Public companies are obligated by law to ensure that their financial statements Three Financial Statements The three financial statements are the income statement, the balance sheet, and the statement of cash flows. These three core statements are intricately are audited by a registered CPA. The purpose of the independent audit is to provide assurance that the.

    When audited financial statements are presented in a document containing other information, the auditors should. A. Perform inquiry and analytical procedures to ascertain whether the other information is reasonable. B. Add an explanatory paragraph to the auditors’ report without modifying the opinion on the financial statements. The ASB recently issued SAS No. , Other Information in Documents Containing Audited Financial Statements. It is effective for audits of financial statements for periods beginning on or after Decem with early application : CPA Firm Support Services, LLC.


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Other information in documents containing audited financial statements by Auditing Standards Board. Download PDF EPUB FB2

Other Information in Documents Containing Audited F/S a. include in the auditor's report an explanatory paragraph describ-ing the material inconsistency, in accordance with paragraph of section ; b. withhold the auditor's report; or c. when withdrawal is possible under applicable law or regulation, withdraw from the Size: 56KB.

AU‐C Other Information in Documents Containing Audited Financial Statements financial summaries or highlights, employment data, planned capital expenditures, financial ratios, names of officers and directors, and selected quarterly data.

It is not necessary to reference the other information in the auditor's report on the financial. AU-C Other Information in Documents Containing Audited Financial Statements AU-C ORIGINAL PRONOUNCEMENTS Original Pronouncements Statements on Auditing Standards (SAS), AU-C EFFECTIVE DATE AND SUMMARY OF CHANGES - Selection from Wiley Practitioner's Guide to GAAS Covering all SASs, SSAEs, SSARSs, PCAOB Auditing Standards, and Interpretations [Book].

AS Other Information in Documents Containing Audited Financial Statements. Skip supplemental navigation. General Auditing Standards. General Principles and Responsibilities.

AS Responsibilities and Functions of the Independent Auditor. audited financial statements additional documents (such as the Chairman’s Statement, management reports or statements on corporate governance, internal control and risk assessment), whether required by law or regulation, to explain, among other things, the audited financial statements or the financial reporting process.

In this ISA “documents containing audited financial statements” refers to annual reports (or similar documents), that are issu ed to owners (or similar stakeholders), containing audited financial statements and the auditor’s report thereon. Other Information Included in Annual Reports •isanomissionofinformationnotspecificallyrequiredbytheappli- cablefinancialreportingframeworkbutthat,intheprofessional judgmentoftheauditor,isimportanttotheusers'understanding of the financial position,financial performance,or cash flows of theentity.

•affectsotherinformationthatwillbecommunicatedindocuments containing the audited financial statements (for example,infor File Size: 78KB. When audited financial statements are presented in a client's document containing other information, the auditor should Read the other information to determine that it is consistent with the audited financial statements.

When audited financial statements are presented in a document containing other information, the auditors should A. perform inquiry and analytical procedures to ascertain whether the other information is reasonable.

add an emphasis-of-matter paragraph to the auditors' report without modifying the opinion on the financial statements.

According to AU‐Cthe auditor should read the other information in the document, looking for any inconsistencies with the audited financial statements. If there is a material inconsistency AU ‐ C Other Information in Documents Containing Audited Financial Statements - Practitioner's Guide to GAAS - Wiley Online Library.

The Auditor’s Responsibilities Relating to Other Information Project Status. This is a completed project. Objective. To revise ISA ,The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements to ensure that the ISA continues to be capable of enhancing the credibility of financial statements through specifying appropriate.

Other information is financial and nonfinancial information (other than the financial statements and the audit report) that is included in a document containing audited financial statements and the audit report (e.g., an annual report), excluding required supplementary information.

To address practice issues, SAS No.Other Information in Documents Containing Audited Financial Statements, was one of the clarified standards issued before SAS No. It was issued in February and is effective for audits of financial statements for periods beginning on or after Decem An entity may publish various documents that contain information (hereinafter, "other information") in addition to audited financial statements and the independent auditor's report thereon.

This section provides guidance for the auditor's consideration of other information included in such documents. This PSA, “Other Information in Documents Containing Audited Financial Statement,” is based on International Standard on Auditing (ISA) of the same title issued by the International Auditing Practices Committee of the International Federation of Accountants.

Information in Documents Containing Audited Financial Statements" as issued in June Compatibility with International Standards on Auditing The basic principles and essential procedures of this AUS and of International Standard on Auditing ISAOther Information in Documents containing Audited Financial Statements, are consistent.

THE AUDITOR'S RESPONSIBILITIES RELATING TO OTHER INFORMATION IN DOCUMENTS CONTAINING AUDITED FINANCIAL STATEMENTS Auditing Homework Help, Online Auditing Assignment & Project Help INTRODUCTION The auditor should read the other information included in annual report.

The objective is to identify contradictions if any, between the audit. Get this from a library. Other information in documents containing audited financial statements. [International Federation of Accountants. International Auditing Practices Committee.;]. This exposure draft seeks views from stakeholders in relation to proposed International Standard on Auditing (ISA) (Revised), The Auditor’s Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor’s Report proposals extend the scope of the extant standard and the auditor’s responsibilities and.

OTHER INFORMATION IN DOCUMENTS CONTAINING AUDITED FINANCIAL STATEMENTS 5 HKSA to be taken by auditor will depend in part upon the auditor’s perception of the seriousness of the inconsistency between the financial statements and the other information or the misstatement of fact in the other information.

ation presented in addition to the audited financial statements, such as a report by management on operations. Other information is financial or nonfinancial information (other than the financial statements and the auditor’s report) that is included in a document containing audited statements and the auditor’s report (excluding RSI).The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements CAS The Auditor's Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements CAS Definitions Other information – Financial and non-financial information included in a document containing audited F/S and the.

A financial statement audit is the examination of an entity's financial statements and accompanying disclosures by an independent result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures.