Wiley Practitioner's Guide to GAAS 2020

38AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement

Scope

Definitions of Terms

Objective of AU-C Section 805

Requirements

Examples and Other Services

Application of GAAS

Financial Reporting Framework

Scope of Audit and Level of Materiality

The Auditor’s Report

Interpretation

Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement: Auditing Interpretations of Section 805

AU-C 805 Illustrations of Auditor’s Reports on a Single Financial Statement and a Specific Element of a Financial Statement (Source: AU-C 805.A25)

Illustration 1. An Auditor’s Report on a Single Financial Statement Prepared in Accordance with a General Purpose Framework

Illustration 2. An Auditor’s Report on a Single Financial Statement Prepared in Accordance with a Special Purpose Framework

Illustration 3. An Auditor’s Report on a Specific Element, Account, or Item of a Financial Statement Prepared in Accordance with a General Purpose Framework

Illustration 4. An Auditor’s Report on a Specific Element, Account, or Item of a Financial Statement Prepared in Accordance with a Special Purpose Framework

Illustration 5. An Auditor’s Report on an Incomplete Presentation but One That Is Otherwise in Accordance with Generally Accepted Accounting Principles

SCOPE

AU-C 805 applies to auditor’s reports issued in connection with an audit of a single financial statement ...