Attestation Engagements 2017: Codification of Statements on Standards for Attestation Engagements, Numbers 1 to 18
AICPA, "Attestation Engagements 2017: Codification of Statements on Standards for Attestation Engagements, Numbers 1 to 18, January 2017"
English | ISBN: 1945498269 | 2017 | 768 pages | PDF | 15 MB
English | ISBN: 1945498269 | 2017 | 768 pages | PDF | 15 MB
Redrafted in accordance with the clarity drafting conventions (and differentiated from the extant standards by using the identifier “AT-C”), the attestation standards have been made easier to read, understand, and apply by establishing objectives and definitions in each AT-C section, and separating requirements from application and other explanatory material. Some of the changes introduced by SSAE No. 18 include (among other changes):
Separation of procedural and reporting requirements for review engagements from their counterparts for examination engagements
Required representation letters
More robust risk assessment for examination engagements
SSAE No. 18 supersedes all the extant attestation standards with the following exceptions:
AT 501, An Examination of an Entity’s Internal Control Over Financial Reporting That is Integrated With An Audit of Financial Statements
AT 701, Management’s Discussion and Analysis.