AICPA Reporting Standards for Attestation Engagements
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GAO-03-673G Government Auditing Standards > Chapter 6 General, Field Work, and Reporting Standards for Attestation Engagements > AICPA Reporting Standards for Attestation Engagements
6.27 As discussed in paragraph 6.02, the AICPA SSAEs provide for different levels of reporting based on the type of assurance the auditors are providing. The four AICPA reporting standards for all levels of reporting under attestation engagements are as follows:
a. The report shall identify the subject matter or the assertion being reported on and state the character of the engagement.
b. The report shall state the practitioner’s [auditor’s] conclusions about the subject matter or the assertion in relation to the criteria against which the subject matter was evaluated.
c. The report shall state all of the practitioner’s [auditor’s] significant reservations about the engagement, the subject matter, and, if applicable, the assertion related thereto.
d. The report shall state that the use of the report is restricted to specified parties under the following circumstances:1 (1) when the criteria used to evaluate the subject matter are determined by the practitioner to be appropriate only for a limited number of parties who either participated in their establishment or can be presumed to have an adequate understanding of the criteria, (2) when the criteria used to evaluate the subject matter are available only to specified parties, (3) when reporting on subject matter and a written assertion has not been provided by the responsible party, and (4) when the report is on an attest engagement to apply agreed-upon procedures to the subject matter.
1Auditors should, however, follow the report distribution standard (see paragraphs 6.49 through 6.54).
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