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Unformatted text preview: to describe the basic financial statement auditing process and the phases in which an audit is carried out. 9 Know what an audit report is and the nature of an unqualified report. 10 Understand why auditing demands logic, reasoning, and resourcefulness. 6 R ELEVANT ACCOUNTING AND A UDITING PRONOUNCEMENTS * AU 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with GAAS AU 210, Terms of Engagement AU 300, Planning an Audit AU 315, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement AU 320, Materiality in Planning and Performing an Audit AU 330, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained AU 450, Evaluation of Misstatements Identified During an Audit AU 500, Audit Evidence AU 700, Forming an Opinion and Reporting on Financial Statements AU 705, Modifications to the Opinion in the Independent Auditor’s Report AU 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report PCAOB Auditing Standard No. 1, Ref...
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This note was uploaded on 12/08/2012 for the course ACCT 564 at Washington University in St. Louis.

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