【導(dǎo)讀】Copyright高才國際教育集團(tuán)

　　

【正文】 ied parties involved 41 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) 31 3. Other reports Attestation Standards Based a. Attestation engagements – general。 b. Agreedupon procedures engagements。 c. Financial forecasts and projections。 d. Pro forma financial information。 e. Management discussion and analysis。 f. WebTrust。 g. SysTrust. 42 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) 32 a. Attestation engagements – general – Subject matter ? Historical or prospective performance or condition, physical characteristics, historical events, analyses, system or processes, behavior – Assertion ? Declaration about whether the subject matter is presented in accordance with certain criteria – Criteria ? Standards or benchmark used to evaluate the subject matter ? Suitable – Objective, measureable, plete, and relevant ? Available – Publicly, inclusion, well understood, available to specified party 43 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) 34 a. Attestation engagements – general – Examinations ? Highest level of assurance ? Drive the attestation risk to low level ? Audit in case of financial statements – Review ? Negative assurance ? Drive the attestation risk to moderate level – Agreedupon procedures engagements ? Restricted use of report ? Independence is required ? A written assertion is generally not required 44 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) b. Agreedupon procedures engagements – Restricted use of report which is in form of findings – Independence is required – A written assertion is generally not required – CPA should not accept overly subjective procedures – No materiality – Not required to obtain representation letter – Explanation language may be included ? Stipulate facts, assumptions, interpretations ? Conditions of records, controls, etc ? No responsibility to update the report ? Explanations of sample risk 45 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) b. Agreedupon procedures engagements – Change of other engagement to AUP engagement ? Before accept, consider – Possibility that procedures performed for other engagement not appropriate for AUP – Reason for request – Additional effort required – If applicable, reasons for changing from generaluse report to restricteduse report ? If substantially plete, consider propriety of change – AUP report may be bined with reports on other services if types of service clearly distinguished and report remains restricted 46 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) c. Financial forecasts and projections – Compilation, examination, and agreedupon procedures – Forecasts is an entity expected financial status with limited or general use – Projections is financial status under hypothetical assumptions with limited used only – CPA should not be associated with forecasts/projections that do not disclose assumptions – Again! independence is not required for pilation 47 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) d. Reporting on pro forma financial information – Pro forma financial information adjusts earlier historical financial information prospectively for the effects of an actual or proposed transactions (or event) 48 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) e. Management discussion and analysis – SEC does NOT require registrants to have MDamp。A reviewed or examined – MDamp。A should include SEC required elements – Historical amounts should be accurately derived from financial statements – Underlying information, determinations, estimates and assumptions provide a reasonable basis for MDamp。A disclosures – Review report of a public pany should be restricted to the use of specified parties – Assertions embody occurrence, consistency with FS, pleteness, presentation and disclosure 49 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) f. Trust services – Key ponents ? Infrastructure, software, people, procedures, and data – Trust Services Principles ? Security, availability, processing integrity, online privacy, and confidentiality – Trust Services Criteria ? Policies, munications, procedures, and monitoring – CPA may report on mgt’s assertion or the subject matter ? When report on assertion, it should acpany CPA’s report or contained in the first paragraph of the report ? Report and mgt’s assertion should specify the period covered – Fail to achieve criteria results in qualified or adverse report 50 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) f. Trust services – If report on more than one principle, individual reports or a bined report is acceptable – Agreedupon procedure or examination is allowed – Two type of services ? WebTrust on electronic merce ? SysTrust on electronic system – Engagement MUST be updated at least annually if seal is used – Initial reporting period MUST include at least two months 51 Module 4: Reporting C Accountant Association other than Audits Copyright 高才國際教育集團(tuán) 1. Compliance attestation engagements – Written management assertion included in a representation letter – Agreedupon procedures ? Relates either to mgt’s assertion about pliance with specified requirements or the effectiveness of internal control over pliance ? Scope is fixed by the regulatory agency involved ? Limited distribution report with a summary of findings – Examination engagement ? Relates to mgt’s assertion about pliance with s