Wiley Practitioner's Guide to GAAS 2020

36AU-C 730 Required Supplementary Information

Scope

Definitions of Terms

Objectives

Requirements

Procedures

Coordination with Other Audit Areas

Reporting on Supplementary Information

AU-C 730 Illustrations

Illustration 1. The Required Supplementary Information Is Included, the Auditor Has Applied the Specified Procedures, and No Material Departures from Prescribed Guidelines Have Been Identified

Illustration 2. All Required Supplementary Information Is Omitted

Illustration 3. Some Required Supplementary Information Is Omitted, and Some Is Presented in Accordance with the Prescribed Guidelines

Illustration 4. Material Departures from Prescribed Guidelines Are Identified

Illustration 5. Specified Procedures Are Not Completed

Illustration 6. Unresolved Doubts about Whether the Required Supplementary Information Is in Accordance with Prescribed Guidelines

SCOPE

AU-C 730 offers auditors guidance on their responsibilities for information required to accompany the basic financial statements by a designated standards setter. The auditor’s opinion does not cover the required supplementary information. (AU-C 730.01)

DEFINITIONS OF TERMS

Source: AU-C 730.03. For definitions related to this standard, see Appendix A, “Definitions of Terms”: Applicable financial reporting framework, Basic financial statements, Designated accounting standards setter, Prescribed guidelines, Required supplementary information.

OBJECTIVES

AU-C Section 730.03 states that:

… the objectives of the auditor ...