Wiley Practitioner's Guide to GAAS 2020

39AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements

Scope

Definitions of Terms

Objectives of AU-C Section 806

Requirements

Request for Assurance

Separate Auditor’s Report

Assurance Given in Auditor’s Report on the Financial Statements

AU-C 806 Illustrations (Source: AU-C 806.A8)

Illustration 1. A Report on Compliance with Aspects of Contractual Agreements Provided in a Separate Report When No Instances of Noncompliance Are Identified

Illustration 2. A Report on Compliance with Aspects of Contractual Agreements Provided in a Separate Report When Instances of Noncompliance Are Identified

Illustration 3. A Report on Compliance with Aspects of Contractual Agreements Provided in a Separate Report When Instances of Noncompliance Are Identified and a Waiver Has Been Obtained

Illustration 4. Report on Compliance with Aspects of Contractual Agreements Provided in a Separate Report When Instances of Noncompliance Are Identified, and the Auditor Has Disclaimed an Opinion on the Financial Statements

Illustration 5. A Report on Compliance with Aspects of Contractual Agreements Provided in a Separate Report When Instances of Noncompliance Are Identified

SCOPE

AU-C 806 provides guidance on auditor’s reports issued in connection with compliance with aspects of contractual agreements or regulatory requirements related to accounting matters connected to audited financial statements. (AU-C 806.01) ...