Wiley Practitioner's Guide to GAAS 2020

42AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country

Scope

AU-C Definitions of Terms

Objective of AU-C 910

Requirements

Terms of Engagement

Compliance with Foreign Auditing Standards

AU-C 910 Illustrations (Source: AU-C 910.A11)

Illustration 1. US Form of Independent Auditor’s Report to Report on Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country That Are Intended for Use Only Outside the United States

Illustration 2. US Form of Independent Auditor’s Report to Report on Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country That Also Are Intended for Use in the United States

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)

AU-C DEFINITIONS OF TERMS

AU-C 910 contains no definitions.

OBJECTIVE OF AU-C 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 ...