Statement on Standards for 18 Attestation Engagements

1 Statement on April 2016 Standards for 18 Attestation Engagements Issued by the Auditing Standards Board Attestation Standards : Clarification and Recodification (Supersedes Statement on Standards for Attestation Engagements Nos. 10 17 except: Statement on Standards for Attestation Engagements No. 15, An Examination of an Entity s Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements, and related Attestation Interpretation No. 1, Reporting Under Section 112 of the Federal Deposit Insurance Corporation Improvement Act [AICPA, Professional Standards , AT sec. 501 and 9501]) Chapter 7, Management s Discussion and Analysis, of Statement on Standards for Attestation Engagements No. 10, Attestation Standards : Revision and Recodification [AICPA, Professional Standards , AT sec.]

2 701]) Contents Section Paragraph Preface Preface to the Attestation .01 .14 Structure of the Attestation .05 .06 Purpose of the Engagement and Premise on Which an Attestation Engagement Is .07 .08 .09 .10 .13 .14 100 Common Concepts 105 Concepts Common to All Attestation .01 .A74 Introduction Compliance With the Attestation Standards ..05 Relationship of Attestation Standards to Quality Control .06 .07 Effective Date ..08 .09 Definitions ..10 .11 Requirements Conduct of an Attestation Engagement in Accordance With the Attestation Standards ..12 .22 Acceptance and Continuance ..23 Preconditions for an Attestation Engagement ..24 .28 Acceptance of a Change in the Terms of the Engagement.

3 29 .30 Using the Work of an Other Practitioner ..31 Quality .32 .33 Engagement .34 .41 Engagement Quality Control .42 Professional Skepticism and Professional .43 .45 Statement on April 2016 Standards for 18 Attestation Engagements Issued by the Auditing Standards Board Attestation Standards : Clarification and Recodification (Supersedes Statement on Standards for Attestation Engagements Nos. 10 17 except: Statement on Standards for Attestation Engagements No. 15, An Examination of an Entity s Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements, and related Attestation Interpretation No. 1, Reporting Under Section 112 of the Federal Deposit Insurance Corporation Improvement Act [AICPA, Professional Standards , AT sec.)]

4 501 and 9501]) Chapter 7, Management s Discussion and Analysis, of Statement on Standards for Attestation Engagements No. 10, Attestation Standards : Revision and Recodification [AICPA, Professional Standards , AT sec. 701]) Application and Other Explanatory Material Introduction ..A1 .A3 Relationship of Attestation Standards to Quality Control Standards ..A4 .A6 .A7 .A18 Conduct of an Attestation Engagement in Accordance With the Attestation Standards ..A19 .A33 Preconditions for an Attestation Engagement ..A34 .A54 Acceptance of a Change in the Terms of the .A55 .A56 Using the Work of an Other ..A57 .A58 Quality .A59 .A62 Engagement .A63 .A64 Engagement Quality Control .A65 Professional Skepticism and Professional ..A66 .A74 200 Level of Service 205 Examination .01 .A121 Introduction Effective Date.

5 02 .03 Definitions ..04 Requirements Conduct of an Examination Engagement ..05 Preconditions for an Examination .06 Agreeing on the Terms of the .07 .09 Requesting a Written .10 Planning and Performing the .11 .13 Risk Assessment .14 .15 Materiality in Planning and Performing the .16 .17 Identifying Risks of Material .18 Responding to Assessed Risks and Obtaining .19 .20 Further .21 .31 Fraud, Laws, and .32 .33 Revision of Risk .34 Evaluating the Reliability of Information Produced by the .35 Using the Work of a Practitioner s .36 .38 Using the Work of Internal .39 .44 Evaluating the Results of .45 .47 Considering Subsequent Events and Subsequently Discovered .48 .49 Written .50 .54 Requested Written Representations Not Provided or Not .55 .56 Other .57 Description of.

6 58 Forming the .59 .60 Preparing the Practitioner s .61 .62 Content of the Practitioner s .63 .66 Reference to the Practitioner s .67 Modified .68 .81 Responsible Party Refuses to Provide a Written .82 .84 Communication .85 .86 .87 .89 Application and Other Explanatory Material Conduct of an Examination .A1 Agreeing on the Terms of the .A2 .A4 Requesting a Written .A5 .A8 Planning and Performing the .A9 .A12 Risk Assessment .A13 .A14 Materiality in Planning and Performing the ..A15 .A21 Identifying Risks of Material .A22 .A23 Responding to Assessed Risks and Obtaining ..A24 .A25 Further .A26 .A28 Fraud, Laws, and .A29 .A30 Revision of Risk ..A31 .A32 Evaluating the Reliability of Information Produced by the Entity ..A33 .A34 Using the Work of a Practitioner s .A35.

7 A43 Using the Work of Internal ..A44 .A46 Evaluating the Results of .A47 .A53 Considering Subsequent Events and Subsequently Discovered Facts ..A54 .A58 Written ..A59 .A63 Requested Written Representations Not Provided or Not . A64 .A66 Other ..A67 .A68 Description of .A69 .A70 Forming the A71 .A74 Preparing the Practitioner s .A75 .A77 Content of the Practitioner s .A78 .A101 Reference to the Practitioner s .A102 Modified .A103 .A110 Responsible Party Refuses to Provide a Written .A111 .A113 Communication .A114 .A116 .A117 .A120 Exhibit Illustrative Practitioner s Examination Reports ..A121 210 Review .01 .A94 Introduction Effective Date ..02 .03 Definitions ..04 Requirements Conduct of a Review Engagement ..05 .07 Agreeing on the Terms of the.

8 08 .10 Requesting a Written .11 Planning and Performing the .12 .13 Materiality in Planning and Performing the ..14 Procedures to Be .15 .18 Analytical .19 .20 Inquiries and Other Review .21 .22 Fraud, Laws, and ..23 .24 Incorrect, Incomplete, or Otherwise Unsatisfactory ..25 .26 Using the Work of a Practitioner s Specialist or Internal ..27 Evaluating the Results of Review ..28 .30 Considering Subsequent Events and Subsequently Discovered .31 .32 Written .33 .37 Requested Written Representations Not Provided or Not ..38 .39 Other .40 Description of .41 Forming the .42 .43 Preparing the Practitioner s .44 .45 Content of the Practitioner s .46 .49 Reference to the Practitioner s .50 Modified .51 .58 Responsible Party Refuses to Provide a Written .59 .60 Communication .61.

9 62 .64 Application and Other Explanatory Material Conduct of a Review Engagement ..A1 .A2 Agreeing on the Terms of the .A3 .A4 Requesting a Written .A5 .A8 Planning and Performing the .A9 .A13 Materiality in Planning and Performing the .. A14 .A19 Procedures to Be .A20 .A26 Analytical .A27 .A29 Inquiries and Other Review .A30 Fraud, Laws, and ..A31 .A32 Evaluating the Results of Review ..A33 .A37 Considering Subsequent Events and Subsequently Discovered .A38 .A42 Written .A43 .A47 Requested Written Representations Not Provided or Not ..A48 .A49 Other .A50 .A51 Description of .A52 .A53 Forming the .A54 .A57 Preparing the Practitioner s .A58 .A60 Content of the Practitioner s .A61 .A80 Reference to the Practitioner s .A81 Modified .A82 .A86 Responsible Party Refuses to Provide a Written.

10 A87 .A88 Communication .A89 ..A90 .A93 Exhibit Illustrative Practitioner s Review Reports ..A94 215 Agreed-Upon Procedures .01 .A48 Introduction Effective Date ..05 .06 Definition ..07 Requirements Conduct of an Agreed-Upon Procedures Engagement ..08 Preconditions for an Agreed-Upon Procedures .09 .11 Agreeing on the Terms of the .12 .14 Requesting a Written .15 .16 Procedures to Be .17 .20 Using the Work of a Practitioner s External .21 .22 Using the Work of Internal Auditors or Other .23 .24 .27 Written .28 .30 Requested Written Representations Not Provided or Not .31 .32 Preparing the Practitioner s .33 .34 Content of the Practitioner s Agreed-Upon Procedures .35 Responsible Party Refuses to Provide a Written .36 Restrictions on the Performance of .37 Adding Specified Parties (Nonparticipant Parties).