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Attestation Engagements 2017: Codification of Statements on Standards for Attestation Engagements, Numbers 1 to 18, January 2017

Attestation Engagements 2017: Codification of Statements on Standards for Attestation Engagements, Numbers 1 to 18, January 2017

AICPA

ISBN: 978-1-945-49826-8

May 2017

768 pages

Description

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.  

How This Publication Is Organized 1

Statements on Standards for Attestation Engagements [AT]

AT Cross-References to SSAEs 5

Attestation Standards—Introduction 9

Statements on Standards for Attestation Engagements 11

AT 20 Defining Professional Requirements in Statements on Standards for Attestation Engagements 21

AT 50 SSAE Hierarchy 23

AT 101 Attest Engagements 27

AT 9101 Attest Engagements: Attest Engagements Interpretations of Section 101 59

AT 201 Agreed-Upon Procedures Engagements89

AT 9201 Agreed-Upon Procedures Engagements: Attest Engagements Interpretations of Section 201107

AT 301 Financial Forecasts and Projections 111

AT 401 Reporting on Pro Forma Financial Information 147

AT 501 An Examination of an Entity’s Internal Control

Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements 163

AT 9501 An Examination of an Entity’s Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements: Attest Engagements Interpretations of Section 501 213

AT 601 Compliance Attestation 217

AT 701 Management’s Discussion and Analysis  239

AT 801 Reporting on Controls at a Service Organization 289

AT  Appendixes 345

AT  Topical Index 351

U.S Attestation Standards—AICPA (Clarified) [AT-C]

AT-C Cross-References to SSAEs 365

AT-C Introduction  369

Preface to the Attestation Standards

Glossary of Terms

AT-C 100 Common Concepts 391

105—Concepts Common to All Attestation Engagements

9105—Concepts Common to All Attestation Engagements:

Attestation Interpretations of Section 105

AT-C 200 Level of Service429

205—Examination Engagements

9205—Examination Engagements: Attestation Interpretations of Section 205

210—Review Engagements

215—Agreed-Upon Procedures Engagements

9215—Agreed-Upon Procedures Engagements: Attestation

Interpretations of Section 215

AT-C 300 Subject Matter 551

305—Prospective Financial Information

310—Reporting on Pro Forma Financial Information

315—Compliance Attestation

320—Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’

Internal Control Over Financial Reporting

395—[Designated for AT Section 701, Management’s Discussion and Analysis]

AT-C Exhibits723

AT-C Appendixes 729

AT-C Topical Index 735