Examples of Reports on Audited Financial Statements in a sentence
The four common types of auditor’s opinions as defined by the American Institute of Certified Public Accountants (Reports on Audited Financial Statements, AU §508.10) are outlined below.
Section V General Comment We commend the Board for responding to the concerns expressed by many respondents to Release No. 2011-003 dated June 21, 2011, Concept Release on Possible Revisions to PCAOB Standards Related to Reports on Audited Financial Statements (the Concept Release) by proposing a discussion of “critical audit matters” in audit reports in lieu of the “Auditor’s Discussion and Analysis” (or AD & A) suggested in the earlier Concept Release.
All Other Fees for 2002 includes $2,295,000 related to the reaudits of Titan's financial information for 2001 and 2000, which were required due to the discontinuance of our Titan Wireless, LinCom Wireless and other information technology businesses in the third quarter of 2002 in accordance with the AICPA's Auditing Interpretation of Statement on Auditing Standards No. 58 "Reports on Audited Financial Statements".
In providing comments on the proposed SAS, the ASB recommended that: The last sentence in paragraph .01 of the proposed SAS state more clearly what paragraph 8(h) in SAS No. 58, Reports on Audited Financial Statements (AICPA, Professional Standards, vol.
For instance, in June 2011, the PCAOB issued a Concept Release on Possible Revisions to PCAOB Standards Related to Reports on Audited Financial Statements (PCAOB 2011a).
Upon occurrence of the Termination Date, the Commitments and the Credit Agreement shall automatically terminate, except that nothing herein shall terminate or otherwise impair those expense reimbursement, indemnification or other provisions of the Credit Agreement and the other Loan Documents which by their express terms survive the repayment of the Loans and termination of the Commitments.
For example, an illegal payment ofan otherwise immaterial amount could be material if there is a reasonable possibility that it could lead to a material contingent liability or a material loss of revenue.Section 508, Reports on Audited Financial Statements (AU sec.
The Task Force is charged with revising SAS No. 58, Reports on Audited Financial Statements, as amended (AICPA, Professional Standards, vol.
To help accounting firms implement the new rules, in June 2016 the PCAOB issued Staff Guidance on Form AP, Auditor Reporting of Certain Audit Participants and Related Voluntary Audit Report Disclosure under AS 3101, Reports on Audited Financial Statements (“PCAOB Staff Guidance”).
See Concept Release on Possible Revisions to PCAOB Standards Related to Reports on Audited Financial Statements and Related Amendments to PCAOB Standards, PCAOB Release No. 2011–003 (June 21, 2011) (‘‘PCAOBConcept Release’’), available at https://pcaobus.org/ Rulemaking/Docket034/Concept_Release.pdf.