Standards/Auditing/Pages/AU380.aspx. (.06 - .16) Matters to Be Communicated (.17) Effective Date Source: SAS No. 61; SAS No. 89; SAS No. 90. See section 9380 for interpretations of this section. Effective for audits of financial statements for periods beginning on or after January 1, 1989, unless otherwise indicated. This section establishes a requirement for the auditor to determine that certain matters related to the conduct of an audit are communicated to those who have responsibility for oversight of the financial reporting process. fn 1 For purposes of this document, the recipient of the communications is referred to as the . This section requires the auditor to ensure that the audit committee receives additional information regarding the scope and results of the audit that may assist the audit committee in overseeing the financial reporting and disclosure process for which management is responsible. The communications may be oral or written.
The communications specified by this section are incidental to the audit. Public Company Accounting Oversight Board. University of Mississippi Libraries - Digital Accounting Collection. Public Company Accounting Oversight Board. The Public Company Accounting Oversight Board (PCAOB, commonly pronounced "peekaboo") is a private-sector, nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.
Since 2010, the PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. All PCAOB rules and standards must be approved by the U.S.Securities and Exchange Commission (SEC). In creating the PCAOB, the Sarbanes-Oxley Act required that auditors of U.S. public companies be subject to external and independent oversight for the first time in history. Previously, the profession was self-regulated.
The PCAOB has four primary functions in overseeing these auditors: registration, inspection, standard setting and enforcement. Flowchart Symbols Defined: Business Process Map and Flow Chart Symbols and their Meanings. Flowchart Symbols and Their Meanings By Nicholas Hebb The following is a basic overview, with descriptions and meanings, of the most common flowchart symbols - also commonly called flowchart shapes, flow diagram symbols or process mapping symbols, depending upon what type of diagram you're creating.
The table below lists the flowchart symbol drawing, the name of the flowchart symbol in Microsoft Office (with aliases in parentheses), and a short description of where and how the flowchart symbol is used. Excel Flowchart Wizard FlowBreeze is a flowchart add-in for Microsoft Excel that makes creating flowcharts simple and pain free. Www.auditnet.org/Guides/flowcharting guide.pdf. Auditing Dictionary of Terms. Acceptance sampling is sampling to determine whether internal control compliance is greater than or less than the tolerable deviation rate. accounting and review services are governed by official pronouncements covering compilation and review engagements.
Compilation is presenting in the form of financial statements information that is the representation of management (owners) without expressing assurance. Review is inquiry and analytical procedures to provide the accountant a basis for expressing limited assurance that there are no material modifications that should be made to the statements for them to be in conformity with U.S. generally accepted accounting principles. accounting data includes journals, ledgers and other records, such as spreadsheets, that support financial statements.
It may be in computer readable form or on paper. accounting estimate An approximation of a financial statement element. Aggregate (aggregated) Constituting the whole. Anticipated Expected.
CPA Exam. The Big 4. IFRS Foundation. FASB. AccountingCoach.com. CFO.com - News and Insight for Financial Executives. Accountant Forums. The IIA. /r/accounting. AICPA.org.