Statements on Standards for Attestation Engagements
Statements on Standards for Attestation Engagements #AICPAnaaats Clarifying the Attestation Standards Commonly known as attestation standards Apply to engagements that address subject matter other than historical financial statements, e.g: an entitys compliance with laws or regulations
the effectiveness of an entitys controls over the privacy of information a financial forecast Address examination, review and agreed-upon procedures (AUP) engagements #AICPAnaaats Clarifying the Attestation Standards 4 general AT sections that provide a framework for developing an attestation engagement AT 20, Defining Professional Requirements in Statements on Standards for Attestation Engagements AT 50, SSAE Hierarchy
AT 101, Attest Engagements (which addresses examination and review engagements) AT 201, Agreed-Upon Procedures Engagements #AICPAnaaats Clarifying the Attestation Standards Currently: 6 topic-specific AT sections for reporting on prospective financial information (AT 301) pro forma financial information (AT 401) internal control over financial reporting (AT 501) compliance with laws and regulations (AT 601) managements discussion and analysis (AT 701) controls at service organizations (AT 801)
#AICPAnaaats Clarifying the Attestation Standards Objective: to make AT sections easier to read, understand and apply Redraft in clarity format New structure (objective is to eliminate repetition) Chapter 1: Concepts common to all attestation engagements Chapters 2-4: Levels of service (examination, review, agreedupon procedures). - Each chapter addresses a specific level of service and builds on the common concepts chapter Subject-matter specific chapters - Each chapter builds on common concepts and level of service chapters
#AICPAnaaats Clarifying the Attestation Standards Example Reporting on an examination of prospective financial information Currently, the following AT sections apply: - AT 20 - AT 50 - AT 401 Proposed structure, the following sections would apply: - Chapter 1, Common Concepts - Chapter 2, Examinations - Chapter X, Forecasts
#AICPAnaaats Clarifying the Attestation Standards Convergence with standards of the International Audit and Assurance Standards Board (IAASB) Foundation for the common concepts, examination, and review sections of the proposed attestation standards: - AICPAs existing attestation standards - IAASB International Standards on Assurance Engagements (ISAE) 3000, Assurance Engagements Other than Audits or Reviews of Historical Financial Information (Dec 2013) - ISAE 3000 is IAASBs framework standard for assurance engagements (equivalent of attestation engagements) - ISAE 3410, Assurance Engagements on Greenhouse Gas
Emissions #AICPAnaaats Clarifying the Attestation Standards Convergence with standards of the International Audit and Assurance Standards Board (IAASB) AT 801 was converged with ISAE 3402, Assurance Reports on Controls at a Service Organization, when SSAE No. 16, Reporting on Controls at a Service Organization, was issued in April 2010 Proposed Reporting on Pro Forma Financial Information, includes elements of ISAE 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Information Included in a Prospectus
#AICPAnaaats Clarifying the Attestation Standards July 2013, the ASB issued an exposure draft of the first four chapters Common Concepts Examinations Reviews Agreed-upon Procedures
January 2014, the ASB issued an exposure draft of the following subject-specific chapters: Financial Forecasts and Projections Reporting on Pro Forma Financial Information Compliance Attestation #AICPAnaaats Clarifying the Attestation Standards AT 801 exposure vote on July 2014 ASB agenda Reporting on Controls at Service Organization Delayed to include guidance from AAG One section not being clarified: Managements Discussion and Analysis (AT 701)
- Will remain unclarified One section moving and being replaced An Examination of an Entitys Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements (AT 501) - Will be moved to auditing standards Will be replaced by generic AT 501 examination standard on internal control #AICPAnaaats Clarifying the Attestation Standards Final clarified SSAE will contain all attestation standards One SSAE (SSAE No. 18) even though more than one
exposure draft - Expected issuance in second half of 2015 (estimate) - Proposed effective date (estimate): - No earlier than for reports dated December 15, 2015 #AICPAnaaats Clarifying the Attestation Standards Exposure drafts http://www.aicpa.org/Research/ExposureDrafts/AccountingandAud iting/Pages/ExposureDrafts_ASB.aspx More information Dedicated ASB Attest Clarity page on AICPA Website at http://www.aicpa.org/InterestAreas/FRC/AuditAttest/Pages/AttestCl
Photosystem I—has chlorophyll p700 (longer wavelength) Photosystem II—has chlorophyll p680 (shorter wavelength) Pigments absorb light energy and transfer the energy to other pigments until it is absorbed by a photosystem. The photosystem gathers enough energy to raise 1e- to a...
Spielphysik Der Flammenball, die Gegner und Endbosse interagieren per Eulerintegration mit der Spielumgebung Die Scrollingengine unterstützt Ease-Out Scrolling und ist Tile basiert Multiplayer Time Trial Modus: Jeder Spieler muss so schnell er kann das Level beenden Der Spieler mit der...
11.03 Epilepsy - nonconvulsive epilepsy (petit mal, psychomotor, or focal), documented by detailed description of a typical seizure pattern including all associated phenomena, occurring more frequently than once weekly in spite of at least 3 months of prescribed treatment.
Computer ethics, for Gotterbarn is like medical ethics and legal ethics, which are tied to issues involving specific professions. He notes that computer ethics issues aren't about technology - e.g., we don't have automobile ethics, airplane ethics, etc. Criticism of...
Teacher Education in a new era: visioning and realising ESCalate ITE Conference 15th May 2009 Professor Joan Whitehead Vision The chief purpose of education is to teach young people to find pleasure in the right things .' (Plato 400 BC)...
What employers want:Investigations. Being a curious sort, I wanted to see if there was written evidence that I wasn't making this up. Starting with the Nursing and Midwifery Council as well as the Health and Care Professions Council, who are...
The Florida Building Code 2010 provides the following information. 2304.11.4.2 WOOD STRUCTURAL MEMBERS. Wood structural members that support moisture-permeable floors or roofs that are exposed to weather, such as concrete or masonry slabs, shall be of naturally durable or preservative-treated...
Ready to download the document? Go ahead and hit continue!