Wiley Practitioner's Guide to GAAS 2020

37AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks

Scope

Definitions of Terms

Objective of AU-C Section 800

Requirements

Precondition for an Audit

Conditions When Planning and Performing the Audit

Components of Auditor’s Standard Report

AU-C 800 Illustrations (Source: AU-C 800.A36)

Illustration 1. An Auditor’s Report on a Complete Set of Financial Statements Prepared in Accordance with the Cash Basis of Accounting

Illustration 2. An Auditor’s Report on a Complete Set of Financial Statements Prepared in Accordance with the Tax Basis of Accounting

Illustration 3. An Auditor’s Report on a Complete Set of Financial Statements Prepared in Accordance with a Regulatory Basis of Accounting (the Financial Statements Together with the Auditor’s Report Are Not Intended for General Use)

Illustration 4. An Auditor’s Report on a Complete Set of Financial Statements Prepared in Accordance with a Regulatory Basis of Accounting (the Financial Statements Together with the Auditor’s Report Are Intended for General Use)

Illustration 5. An Auditor’s Report on a Complete Set of Financial Statements Prepared in Accordance with a Contractual Basis of Accounting

SCOPE

AU-C 800 applies to an audit of a complete set of financial statements prepared in accordance with a special purpose framework—cash, tax, regulatory, contractual, or another basis of accounting. (AU-C 800.01–.02) The applicable financial reporting framework determines ...