Table of Contents
How Audit and Accounting Manual is Organized 1
AAM 1000 Introduction 3
1100 Introduction
AAM 2000 How to Use the Audit and Accounting Manual 9
2100 How to Use the Audit and Accounting Manual
AAM 3000 Engagement Planning and Administration 15
3100 Understanding the Assignment
3105 Planning the Engagement
3110 Assigning Personnel to the Engagement and Supervision
3115 Independence
3120 Obtaining an Understanding of the Entity and Its Environment
3125 Obtaining an Understanding of Internal Control
3130 Assessing the Risks of Material Misstatement
3140 Materiality and Misstatements Identified During the Audit
3145 Fraud
3150 Illegal Acts
3155 Analytical Procedures
3160 Audit Budget Samples
3165 Sample Engagement Letters
AAM 4000 Internal Control 195
4100 Introduction
4200 Internal Control Framework
AAM 5000 Designing and Performing Further Audit Procedures 225
5100 Audit Evidence and Designing Further Audit Procedures
5200 Performing Tests of Controls
5300 Performing Substantive Procedures
5400 Audit Sampling Considerations
5500 Suggested Supplemental Reference Materials
AAM 6000 Audit Documentation 295
6100 Audit Documentation - General
6200 Form, Content, and Extent of Audit Documentation
6300 Organization and Filing (Indexing)
AAM 7000 Correspondence, External Confirmations, and Written Representations 317
7100 External Confirmations and Correspondence
7200 Requests for External Confirmations and Related Materials
7300 Litigation, Claims, and Assessments and Inquiries to Legal Counsel
7400 Written Representations and Representation Letters
7500 Communication With Management and Those Charged With Governance
7600 Reliance Letter
7700 Proposal Letter
AAM 8000 Alerts 427
8012 General Accounting and Auditing Developments - 2019/20
[8013] [Reserved]
[8015] [Reserved]
[8030] [Reserved]
[8040] [Reserved]
[8050] [Reserved]
[8060] [Reserved]
[8070] [Reserved]
[8090] [Reserved]
[8100] [Reserved]
[8120] [Reserved]
[8220] [Reserved]
[8240] [Reserved]
[8290] [Reserved]
[8300] [Reserved]
[8320] [Reserved]
AAM 9000 Auditors’ Reports 497
9010 Overview - Auditor’s Report
9020 Unmodified Opinions
9030 Modified Opinions
9040 Material Misstatements
9050 Inability to Obtain Sufficient Appropriate Audit Evidence
9060 Additional Communications in the Auditor’s Report - Emphasis-of-Matter Paragraphs
9070 Additional Communications in the Auditor’s Report - Other-Matter Paragraphs
9080 Special Considerations in the United States
9090 Special Purpose Frameworks
9100 Comparative Financial Statements
9110 Initial Audit Engagements
9120 Single Financial Statement and Specific Elements, Accounts, or Items
9130 Reporting on Compliance With Aspects of Contractual Agreements or Regulatory Requirements in Connection With Audited Financial Statements
9140 Engagements to Report on Summary Financial Statements
9150 Group Audits
AAM10,000 Quality Control 613
10,100 Quality Control - General
10,200 Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm’s Accounting and Auditing Practice - For Small- and Medium-Sized Firms
10,210 Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm’s Accounting and Auditing Practice - For Sole Practitioners
10,250 Statement on Quality Control Standards
10,280 “Alternative Practice Structures” Interpretation of the “Independence Rule”
10,300 Sample Quality Control Forms
Appendix A New Auditing Standards to Change the Auditor’s Report 777
