Audit Standards Flashcards
Audit planning - component auditors
HB ref
CAS 600
Special engagements - single financial statement or specific elements, account or items
HB ref
CAS 805 - audit
CSRE 2400 - review
No opinion - specific procedures
HB ref
CSRS 4400 (new in 2022)
previously HB 9100
Standards for non-financial information
HB ref
CSAE 3000 - report on validity of another party’s test of the criteria
CSAE 3001 - report on results of testing the specific criteria
Compliance with specified requirements
HB ref
CSAE 3531 - direct report of whether entity complied
CSAE 3530 - attestation report on whether mgmt’s statement of entity’s compliance is fairly stated
Application of accounting principles
HB ref
Special reports 7600
Financial Forecast or projections
HB ref
AuG-16 - no opinion - compilation
AuG-6 - opinion - assumptions suitably supported and consistent with plans
Internal controls
HB ref
CSAE 3416 - opinion - controls at service organization
- type 1: at specific date - type 2: specified period
HB 9910 - no opinion - agreed upon procedures
CSRE 4400 - no opinion - results of agreed upon procedures, new in 2022
Offering Documents
HB ref
HB 7150 - auditor’s consent to use auditors report in offering document
Interim Financial Statements
HB ref
HB 7060 - limited assurance - Purpose to assist audit committee in discharging its responsibilities
Audit Planning - Internal auditor
HB ref
CAS 610
Audit planning - Auditors expert
HB ref
CAS 629
