Skip to Main Content
Wiley Practitioner's Guide to GAAS 2018, 2nd Edition
book

Wiley Practitioner's Guide to GAAS 2018, 2nd Edition

by Joanne M. Flood
April 2018
Beginner to intermediate content levelBeginner to intermediate
880 pages
28h 54m
English
Wiley
Content preview from Wiley Practitioner's Guide to GAAS 2018, 2nd Edition

AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country

AU-C Original Pronouncement

Source Statement on Auditing Standards (SAS) 124.

AU-C Definitions of Terms

AU-C 910 contains no definitions.

Objective of AU-C Section 910

AU-C Section 910.06 states that:

…the objective of the auditor, when engaged to report on financial statements prepared in accordance with a financial reporting framework generally accepted in another country, when such audited financial statements are intended for use outside the United States, is to address appropriately the special considerations that are relevant to

  1. the acceptance of the engagement,
  2. the planning and performance of the engagement, and
  3. forming an opinion and reporting on the financial statements.

Scope

AU-C 910 applies to engagements for an auditor practicing in the United States to report on the financial statements that have been prepared in conformity with a financial reporting framework generally accepted in another country but not adopted by a body designated by the Council of the American Institute of Certified Public Accountants (AICPA). (AU-C 910.01)

Requirements

Terms of Engagement

Prior to accepting an engagement, the auditor must determine the acceptability of the financial reporting framework used and understand the purpose for which the financial statements are prepared and whether it is a fair presentation. The auditor must understand the ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Wiley Practitioner's Guide to GAAS 2020

Wiley Practitioner's Guide to GAAS 2020

Joanne M. Flood

Publisher Resources

ISBN: 9781119396482Purchase book