Changes the existing requirements related to scope limitations, indicating that based on the practitioner’s assessment of the effect of the scope limitation, the practitioner should express a qualified opinion, disclaim an opinion, or withdraw from the engagement. Requires the practitioner to request a written representation letter in all attestation engagements (the pre-clarity standards only required representation letters for certain engagements). Separates the review engagement procedures and reporting requirements from those of examination engagements (and highlights the similarities of reviews performed under the SSAEs and those performed under Statements on Standards for Accounting and Review Services ). In addition to clarifying (restructuring) the attestation standards, SSAE 18 also: We found no exceptions as a result of the procedure. Generally accepted auditing standards sas ssars ssaes trial#
We compared all customer account balances in the aged trial balance (exhibit B) as of June 30, 2017, to the balances shown in the accounts receivable subsidiary ledger. We obtained the accounts receivable subsidiary ledger as of June 30, 2017, from Topaz, Inc. Review Report on Subject Matter Unmodified Conclusionīased on our review, we are not aware of any material modifications that should be made to the accompanying schedule of investment returns of ABC Company for the year ended December 31, 2020, in order for it to be in accordance with XYZ criteria set forth in Note 1. In our opinion, the schedule of investment returns of ABC Company for the year ended December 31, 2020, is presented in accordance with the ABC criteria set forth in Note 1 in all material respects. Sample report excerpts follow: Examination Report on Subject Matter Unmodified Opinion The clarified standards provide for the following types of attestation services:
When applicable, including additional considerations for governmental entities or smaller less complex entities. Using various formatting techniques such as bulleted lists to enhance readability. Separating requirements from application and explanatory material. The clarified standards are written using ASB’s clarity conventions, including: So the clarified attestation standards are identified as AT-C. Just as the ASB did with the audit clarity standards, a “-C” is added to the clarified Attestation Standards. 130, as An Audit of Internal Control Over Financial Reporting That is Integrated With An Audit of Financial Statements. AT section 701 has been renumbered as AT-C section 395.Īlso be aware that AT section 501 An Examination of an Entity’s Internal Control Over Financial Reporting That is Integrated With An Audit of Financial Statements was moved to the auditing standards as Statement on Auditing Standards (SAS) No. 
AT section 701 will not be clarified because practitioners rarely perform attestation engagements to report on MD&A it will be retained in the attestation standards in its current form.
AT section 701, Management’s Discussion and Analysis (MD&A). SSAE 18 supersedes all Attestation Standards other than: The re-write of the Attestation Standards culminated in the April 2016 issuance of SSAE 18.
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