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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

43AU-C 905 Alert That Restricts the Use of the Auditor's Written Communication

SCOPE

AU-C 905 offers guidance on language restricting the use of the auditor's report that is included in the auditor's report or other written communication issued by the auditor in connection with an engagement conducted under GAAS. This language is referred to in this section as an alert and is included in an other-matter paragraph. (AU-C 905.01) Auditor's written communications may also include:

  • Letters such as those communicating internal control related matters or
  • Presentations addressing communications with those charged with governance

    (AU-C 905.A1)

Illustration 1 at the end of this chapter identifies AU-C sections that contain specific requirements to include an alert or address the inclusion of such alerts. (AU-C 905.02)

DEFINITION OF TERM

Source: AU-C 905.04. For the definition related to this standard, see Appendix A, “Definitions of Terms”: Specified parties.

OBJECTIVES OF AU-C 905

AU-C 905.04 states that:

… the objective of the auditor is to restrict ...

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Publisher Resources

ISBN: 9781394152704Purchase Link