Wiley Practitioner's Guide to GAAS 2020. Joanne M. Flood
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Название: Wiley Practitioner's Guide to GAAS 2020
Автор: Joanne M. Flood
Издательство: John Wiley & Sons Limited
Жанр: Бухучет, налогообложение, аудит
isbn: 9781119596035
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In addition, the engagement quality control reviewer should document:
That the firm’s engagement quality control procedures were performed
The date the engagement quality control review was completed
An affirmation that the reviewer is not aware of any unresolved matters that would cause the reviewer to believe that the judgment and conclusions of the engagement team were inappropriate.
(AU-C 220.26)
4 AU-C 230 Audit Documentation
Requirement for Audit Documentation
Form, Content, and Extent of Audit Documentation
Standardization of Audit Documentation
Preparation of Audit Documentation
Quality of Audit Documentation
Audit Documentation Deficiencies
Documentation Requirements in Other Sections
Providing Access to or Copies of Audit Documentation to a Regulator
SCOPE
AU-C 230 concerns the audit documentation the auditor is expected to prepare. See also other standards, laws, or regulations. (AU-C 230.01)
DEFINITIONS OF TERMS
Source: AU-C 230.06. For definitions related to this standard, see Appendix A, “Definitions of Terms”: Audit documentation, Audit file, Documentation completion date, Experienced auditor, Report release date.
OBJECTIVE OF AU-C SECTION 230
AU-C Section 230.05 states that:
The objective of the auditor is to prepare documentation that provides
1 a sufficient and appropriate record of the basis for the auditor’s report; and
2 evidence that the audit was planned and performed in accordance with GAAS and applicable legal and regulatory requirements.
(AU-C Section 230.05)
REQUIREMENTS
Requirement for Audit Documentation
The auditor must prepare audit documentation, on a timely basis, in sufficient detail to provide evidence:
About the conclusions reached; and
That the audit was planned and performed in accordance with GAAS and relevant legal and regulatory requirements.
(AU-C 230.02)
The form and content of the audit documentation should be designed for the specific engagement.
Audit documentation also:
Helps the team plan the audit
Provides information for supervisors to direct the audit
Provides documentation for review
Supplies backup that the team performed as required by standards
Provides files to be used on future audits
Provides documentation for internal review and inspections and external reviews
Provides documentation for successor auditors
Helps auditors understand prior year words
Form, Content, and Extent of Audit Documentation
The quantity, type, and content of the audit documentation are based on the auditor’s professional judgment and vary with the engagement. Factors to consider in determining the content of audit documentation are discussed in the following paragraphs.
The Audience
The auditor should prepare audit documentation on a timely basis that would allow an experienced auditor1 having no previous connection with the audit to understand:
The nature, timing, and extent of auditing procedures performed to comply with GAAS and applicable legal and regulatory requirements;
The results of the audit procedures performed and the audit evidence obtained; and
The significant findings for issues that arose during the audit, the conclusions reached on those significant matters, and professional judgments made in reaching those conclusions.
(AU-C 230.08)
Sufficiency СКАЧАТЬ