Skip to Main Content
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

42AU-C 810 Engagements to Report on Summary Financial Statements

SCOPE

AU-C 810 addresses the auditor's responsibilities when reporting separately on summary financial statements derived from financial statements audited by that same auditor. An auditor cannot report on summary financial statements unless the auditor has audited the financial statements from which the summary financial statements are derived. (AU-C 810.01)

DEFINITIONS OF TERMS

Source: AU-C 810.06. For definitions related to this standard, see Appendix A, “Definitions of Terms”: Applied criteria, Summary financial statements.

OBJECTIVES OF AU-C 810

AU-C 810.05 states that:

… the objectives of the auditor are

  1. to determine whether it is appropriate to accept the engagement to report on summary financial statements and,
  2. if engaged to report on summary financial statements, to
    1. perform the procedures necessary as the basis for the auditor's opinion on the summary financial statements;
    2. form an opinion on whether the summary financial statements are consistent, in all material respects, with the audited financial statements from which ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Wiley Practitioner's Guide to GAAS 2022

Wiley Practitioner's Guide to GAAS 2022

Joanne M. Flood

Publisher Resources

ISBN: 9781394152704Purchase Link