Accounting%20Standards

Accounting%20Standards - Professional Auditing Standards...

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Professional Auditing Standards Accounting 405 Section AE3 Group CheckALot:
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Agenda Non Audit Assurance Services History of Auditing Standards Guidance on management’s estimates AICPA Code of conduct Compliance- AICPA vs PCAOB
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Non-Audit Assurance Services Why should people provide or request Non-Audit Assurance Services?
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Non Audit Assurance Services
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Agreed-Upon Procedures What is an Agreed-Upon Procedure? Company hires an accountant to issue a report for specified financial statement items. Both parties agree on procedures that will be conducted. No opinion is given. The report should state the procedures and findings. Why use this review? Less formal, more personalized review procedures. On a smaller scale than a real audit
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Engagement Reviews What is an engagement review? Firms undergoing engagement reviews do not perform audits but perform other accounting work such as reviews and compilations. Objective is to check if the procedures are performed in
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Accounting%20Standards - Professional Auditing Standards...

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