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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

40AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement

SCOPE

AU-C 805 applies to auditor's reports issued in connection with an audit of a single financial statement or of a specific element, account, or item of a financial statement. This section does not apply to the report of a component auditor issued as a result of work performed on a component as part of a group audit under AU-C 600. (AU-C 805.01–.02)

DEFINITIONS OF TERMS

AU-C 805 does not contain any definitions, but does provide the following guidance in AU-C 805.06.

For purposes of this section, reference to

  1. an element of a financial statement or an element means an element, account, or item of a financial statement.
  2. a single financial statement or a specific element of a financial statement includes the related disclosures.

OBJECTIVES OF AU-C 805

AU-C 805.05 states that:

… the objective of the auditor, when applying generally accepted ...

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Publisher Resources

ISBN: 9781394152704Purchase Link