Auditors of public companies opinions of the accuracy of a financial statement matters for the health of the company are important. This title is a must-have for practitioners, it includes updated staff guidance related to Changes to the Auditor’s Report Effective for Audits of Fiscal Years Ending on or After December 15, 2017. This guide will ensure that the audit staffs' audit reports resonate with investors, lenders, regulatory authorities and other financial statement users.

Table of Contents:
Applicability of Public Company Accounting Oversight Board Standards 1 Auditing—Reorganized AS AS Cross-References to PCAOB Reorganized Auditing Standards 13 General Auditing Standards AS 1000 General Principles and Responsibilities 25 AS 1001—Responsibilities and Functions of the Independent Auditor AS 1005—Independence AS 1010—Training and Proficiency of the Independent Auditor AS 1015—Due Professional Care in the Performance of Work AS 1100 General Concepts 37 AS 1101—Audit Risk AS 1105—Audit Evidence AS 1110—Relationship of Auditing Standards to Quality Control Standards AS 1200 General Activities 51 AS 1201—Supervision of the Audit Engagement AS 1205—Part of the Audit Performed by Other Independent Auditors AS 1210—Using the Work of a Specialist AS 1215—Audit Documentation AS 1220—Engagement Quality Review AS 1300 Auditor Communications 87 AS 1301—Communications with Audit Committees AS 1305—Communications About Control Deficiencies in an Audit of Financial Statements Audit Procedures AS 2100 Audit Planning and Risk Assessment 111 AS 2101—Audit Planning AS 2105—Consideration of Materiality in Planning and Performing an Audit AS 2110—Identifying and Assessing Risks of Material Misstatement AS 2200 Auditing Internal Control Over Financial Reporting 147 AS 2201—An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements AS 2300 Audit Procedures in Response to Risks—Nature, Timing, and Extent 187 AS 2301—The Auditor’s Responses to the Risks of Material Misstatement, AS 2305—Substantive Analytical Procedures AS 2310—The Confirmation Process AS 2315—Audit Sampling AS 2400 Audit Procedures for Specific Aspects of the Audit 231 AS 2401—Consideration of Fraud in a Financial Statement Audit AS 2405—Illegal Acts by Clients AS 2410—Related Parties AS 2415—Consideration of an Entity’s Ability to Continue as a Going Concern AS 2500 Audit Procedures for Certain Accounts or Disclosures 283 AS 2501—Auditing Accounting Estimates AS 2502—Auditing Fair Value Measurements and Disclosures AS 2503—Auditing Derivative Instruments, Hedging Activities, and Investments in Securities AS 2505—Inquiry of a Client’s Lawyer Concerning Litigation, Claims, and Assessments AS 2510—Auditing Inventories AS 2600 Special Topics 355 AS 2601—Consideration of an Entity’s Use of a Service Organization AS 2605—Consideration of the Internal Audit Function AS 2610—Initial Audits—Communications between Predecessor and Successor Auditors AS 2700 Auditor’s Responsibilities Regarding Supplemental and Other Information 395 AS 2701—Auditing Supplemental Information Accompanying Audited Financial Statements AS 2705—Required Supplementary Information AS 2710—Other Information in Documents Containing Audited Financial Statements AS 2800 Concluding Audit Procedures 413 AS 2801—Subsequent Events AS 2805—Management Representations AS 2810—Evaluating Audit Results AS 2815—The Meaning of "Present Fairly in Conformity with Generally Accepted Accounting Principles" AS 2820—Evaluating Consistency of Financial Statements AS 2900 Post-Audit Matters 459 AS 2901—Consideration of Omitted Procedures After the Report Date AS 2905—Subsequent Discovery of Facts Existing at the Date of the Auditor’s Report Auditor Reporting AS 3100 Reporting on Audits of Financial Statements 469 AS 3101—The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion AS 3105—Departures from Unqualified Opinions and Other Reporting Standards AS 3110—Dating of the Independent Auditor’s Report AS 3200 Reserved 511 AS 3300 Other Reporting Topics 513 AS 3305—Special Reports AS 3310—Special Reports on Regulated Companies AS 3315—Reporting on Condensed Financial Statements and Selected Financial Data AS 3320—Association with Financial Statements Matters Relating to Filings Under Federal Securities Laws AS 4000 Matters Relating to Filings Under Federal Securities Laws 555 AS 4101—Responsibilities Regarding Filings Under Federal Securities Statutes AS 4105—Reviews of Interim Financial Information AS 5000 Reserved 597 Other Matters Associated With Audits AS 6000 Other Matters Associated With Audits 601 AS 6101—Letters for Underwriters and Certain Other Requesting Parties AS 6000 Other Matters Associated With Audits—continued AS 6105—Reports on the Application of Accounting Principles AS 6110—Compliance Auditing Considerations in Audits of Recipients of Governmental Financial Assistance AS 6115—Reporting on Whether a Previously Reported Material Weakness Continues to Exist Auditing Interpretations AI Auditing Interpretations 709 AI 10—Part of the Audit Performed by Other Independent Auditors: Auditing Interpretations of AS 1205 AI 11—Using the Work of a Specialist: Auditing Interpretations of AS 1210 AI 12—Communications About Control Deficiencies in an Audit of Financial Statements: Auditing Interpretations of AS 1305 AI 13—Illegal Acts by Clients: Auditing Interpretations of AS 2405 AI 15—Consideration of an Entity’s Ability to Continue as a Going Concern: Auditing Interpretations of AS 2415 AI 16—Auditing Accounting Estimates: Auditing Interpretations of AS 2501 AI 17—Inquiry of a Client’s Lawyer Concerning Litigation, Claims, and Assessments: Auditing Interpretations of AS 2505 AI 18—Consideration of an Entity’s Use of a Service Organization: Auditing Interpretations of AS 2601 AI 19—Required Supplementary Information: Auditing Interpretations of AS 2705 AI 20—Other Information in Documents Containing Audited Financial Statements: Auditing Interpretations of AS 2710 AI 21—Management Representations: Auditing Interpretations of AS 2805 AI 22—Subsequent Discovery of Facts Existing at the Date of the Auditor’s Report: Auditing Interpretations of AS 2905 AI 23—Reports on Audited Financial Statements: Auditing Interpretations of AS 3101 AI 24—Special Reports: Auditing Interpretations of AS 3305 AI 25—Association with Financial Statements: Auditing Interpretations of AS 3320 AI 26—Responsibilities Regarding Filings Under Federal Securities Statutes: Auditing Interpretations of AS 4101 AI 27—Letters for Underwriters and Certain Other Requesting Parties: Auditing Interpretations of AS 6101 AI 28—Evidential Matter Relating to Income Tax Accruals: Auditing Interpretations AS AS (Reorganized) Topical Index 815 Attestation Attestation Standards Attestation Standard No. 1—Examination Engagements Regarding Compliance Reports of Brokers and Dealers 869 Attestation Standard No. 2—Review Engagements Regarding Exemption Reports of Brokers and Dealers 905 Topical Index 931 Interim Attestation Standards AT Attestation Standards—Introduction 935 AT Statements on Standards for Attestation Engagements 937 101—Attest Engagements 9101—Attest Engagements: Attest Engagements Interpretations of Section 101 201—Agreed-Upon Procedures Engagements 301—Financial Forecasts and Projections 401—Reporting on Pro Forma Financial Information 501—Reporting on an Entity’s Internal Control Over Financial Reporting [See PCAOB Release No. 2004-008.] 9501—Reporting on an Entity’s Internal Control Over Financial Reporting: Attest Engagements Interpretations of Section 501 [See PCAOB Release No. 2004-008.] 601—Compliance Attestation 701—Management’s Discussion and Analysis AT Topical Index 1139 Ethics & Independence Interim Independence, Integrity, and Objectivity Standards ET 100 Interim Independence, Integrity, and Objectivity Standards 1153 101—Independence 102—Integrity and Objectivity 191—Ethics Rulings on Independence, Integrity, and Objectivity ET Topical Index 1215 Interim Independence Standards Board Standards ISB Independence Standards Board 1223 ISB Standard No. 1—Independence Discussions with Audit Committees [See PCAOB Release No. 2008-003.] ISB Standard No. 2—Certain Independence Implications of Audits of Mutual Funds and Related Entities ISB Standard No. 3—Employment with Audit Clients ISB Interpretation 99–1: Impact on Auditor Independence of Assisting Clients in the Implementation of FAS 133 (Derivatives) ISB Interpretation 00–1: The Applicability of ISB Standard No. 1 When "Secondary Auditors" Are Involved in the Audit of a Registrant [See PCAOB Release No. 2008-003.] ISB Interpretation 00–2: The Applicability of ISB Standard No. 1 When "Secondary Auditors" Are Involved in the Audit of a Registrant: An Amendment of Interpretation 00–1 [See PCAOB Release No. 2008-003.] ISB Topical Index 1255 Quality Control Interim Quality Control Standards QC Quality Control 1259 20—System of Quality Control for a CPA Firm’s Accounting and Auditing Practice 30—Monitoring a CPA Firm’s Accounting and Auditing Practice 40—The Personnel Management Element of a Firm’s System of Quality Control—Competencies Required by a Practitioner-in-Charge of an Attest Engagement QC Topical Index 1277 Interim Secps Standards SECPS SEC Practice Section (SECPS) 1279 SEC Practice Section (SECPS)—Requirements of Membership SECPS Section 8000—Continuing Professional Education Requirements Effective for Educational Years Beginning After May 31, 2002 Pcaob Staff Guidance PCAOB Staff Guidance 1321 100—Select PCAOB Staff Questions and Answers 200—[Reserved] 300—Other Staff Guidance 400—Staff Audit Practice Alerts PC Topical Index  1717 Select Rules of the Board Section 1 General Provisions 1729 Section 3 Auditing and Related Professional Practice Standards 1741 RB Topical Index 1755