Codification of Statements on Auditing Standards, Numbers 122 to 138: 2020. Edition No. 1. AICPA

Table of Contents

How This Publication is Organized 1

Applicability of AICPA Professional Standards 3

U.S Auditing Standards - AICPA (Clarified) [AU-C]

AU-C Cross-References to SASs 9

AU-C Introduction 25

Foreword

Preface - Principles Underlying an Audit Conducted in Accordance With Generally Accepted Auditing Standards

Glossary of Terms

AU-C 200 - 299 General Principles and Responsibilities 65

200 - Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards

200A - Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards

210 - Terms of Engagement

220 - Quality Control for an Engagement Conducted in Accordance With Generally Accepted Auditing Standards

230 - Audit Documentation

9230 - Audit Documentation: Auditing Interpretations of Section 230

240 - Consideration of Fraud in a Financial Statement Audit

250 - Consideration of Laws and Regulations in an Audit of Financial Statements

260 - The Auditor’s Communication With Those Charged With Governance

265 - Communicating Internal Control Related Matters Identified in an Audit

9265 - Communicating Internal Control Related Matters Identified in an Audit: Auditing Interpretations of Section 265

AU-C 300 - 499 Risk Assessment and Response to Assessed Risks 291

300 - Planning an Audit

315 - Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement

320 - Materiality in Planning and Performing an Audit

320A - Materiality in Planning and Performing an Audit

330 - Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained

402 - Audit Considerations Relating to an Entity Using a Service Organization

450 - Evaluation of Misstatements Identified During the Audit

450A - Evaluation of Misstatements Identified During the Audit

AU-C 500 - 599 Audit Evidence 457

500 - Audit Evidence

9500 - Audit Evidence: Auditing Interpretations of Section 500

501 - Audit Evidence - Specific Considerations for Selected Items

505 - External Confirmations

510 - Opening Balances - Initial Audit Engagements, Including Reaudit Engagements

520 - Analytical Procedures

530 - Audit Sampling

540 - Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures

550 - Related Parties

560 - Subsequent Events and Subsequently Discovered Facts

570 - The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern

580 - Written Representations

585 - Consideration of Omitted Procedures After the Report Release Date

AU-C 600 - 699 Using the Work of Others 717

600 - Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors)

600A - Special Considerations - Audits of Group Financial Statements (Including the Work of Component Auditors)

9600 - Special Considerations - Audits of Group Financial Statements (Including theWork of Component Auditors): Auditing Interpretations of Section 600

610 - Using the Work of Internal Auditors

620 - Using the Work of an Auditor’s Specialist

9620 - Using the Work of an Auditor’s Specialist: Auditing Interpretations of Section 620

AU-C 700 - 799 Audit Conclusions and Reporting 901

700 - Forming an Opinion and Reporting on Financial Statements

700A - Forming an Opinion and Reporting on Financial Statements

9700A - Forming an Opinion and Reporting on Financial Statements: Auditing Interpretations of Section 700

701 - Communicating Key Audit Matters in the Independent Auditor’s Report

703 - Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA

705 - Modifications to the Opinion in the Independent Auditor’s Report

705A - Modifications to the Opinion in the Independent Auditor’s Report

706 - Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report

706A - Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report

708 - Consistency of Financial Statements

720 - The Auditor’s Responsibilities Relating to Other Information Included in Annual Reports

720A - Other Information in Documents Containing Audited Financial Statements

725 - Supplementary Information in Relation to the Financial Statements as a Whole

9725 - Supplementary Information in Relation to the Financial Statements as a Whole: Auditing Interpretations of Section 725

730 - Required Supplementary Information

AU-C 800 - 899 Special Considerations1307

800 - Special Considerations - Audits of Financial Statements Prepared in Accordance With Special Purpose Frameworks

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

9805 - Special Considerations - Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement: Auditing Interpretations of Section 805

806 - Reporting on Compliance With Aspects of Contractual Agreements or Regulatory Requirements in Connection With Audited Financial Statements

810 - Engagements to Report on Summary Financial Statements

AU-C 900 - 999 Special Considerations in the United States 1411

905 - Alert That Restricts the Use of the Auditor’s Written Communication

910 - Financial Statements Prepared in Accordance With a Financial Reporting Framework Generally Accepted in Another Country

915 - Reports on Application of Requirements of an Applicable Financial Reporting Framework

920 - Letters for Underwriters and Certain Other Requesting Parties

925 - Filings With the U.S Securities and Exchange Commission Under the Securities Act of 1933

930 - Interim Financial Information

935 - Compliance Audits

940 - An Audit of Internal Control Over Financial Reporting That is Integrated With an Audit of Financial Statements

945 - Auditor Involvement With Exempt Offering Documents

AU-C Appendixes 1677

AU-C Topical Index 1745