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Wiley Practitioner's Guide to GAAS 2023, 2nd Edition
book

Wiley Practitioner's Guide to GAAS 2023, 2nd Edition

by Joanne M. Flood
April 2023
Intermediate to advanced content levelIntermediate to advanced
1056 pages
34h 59m
English
Wiley
Content preview from Wiley Practitioner's Guide to GAAS 2023, 2nd Edition

38AU-C 730 Required Supplementary Information

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 OF AU-C 730

AU-C 730.03 states that:

… the objectives of the auditor when a designated accounting standards setter requires information to accompany an entity's basic financial statements are to perform specified procedures in order to:

  1. describe, in the auditor's report, whether required supplementary information is presented and
  2. communicate therein when some or all of the required supplementary information has not been presented in accordance with guidelines established by a designated accounting standards setter or when the auditor has identified material modifications that should be made to the required supplementary information for it to be in accordance with guidelines established by the designated ...
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Publisher Resources

ISBN: 9781394152704Purchase Link