ASB Meeting Agenda and Materials May 2018

Meeting Date: May 14-17, 2018
Scottsdale, AZ

The Scottsdale Marriott at McDowell Mountains
16770 North Perimeter Drive
Scottsdale, AZ  85260

Please visit the hotel website for more information regarding this hotel, such as amenities, restaurants, directions, etc.  You can make reservations online or call the hotel at 1-800-627-7468.

May 2018 ASB Meeting Agenda

• Agenda Item 1 – Attestation Standards
  • Discussion Memorandum
  • Agenda Item 1A - Extant AT-C Section 105, Concepts Common to All Attestation Engagements, marked to show changes resulting in the May 2018 draft
  • Agenda Item 1B - Extant AT-C section 205, Examination Engagements, marked to show changes resulting in the May 2018 draft
  • Agenda Item 1C - Extant AT-C section 210, Limited Assurance Engagements, marked to show changes resulting in the May 2018 draft
  • Agenda Item 1D - Extant AT-C section 215, Agreed-Upon Procedures Engagements, marked to show changes resulting from the proposed May 2018 draft
  • Agenda Item 1E - Extant AT-C section 305, Prospective Financial Information marked to show changes resulting in the May 2018 draft
  • Agenda Item 1F - Extant AT-C section 310, Reporting on Pro Forma Financial Information, marked to show changes resulting in the  May 2018 draft
  • Agenda Item 1G - Extant AT-C section 315, Compliance Attestation, marked to show changes resulting in the May 2018 draft
  • Agenda Item 1H - Extant AT-C section 320, Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting marked to show changes resulting in the May 2018 draft dated
  • Agenda Item 1I - Clean draft of AT-C Section 105, dated May 2018
  • Agenda Item 1J - Clean draft of AT-C section 205, dated May 2018
  • Agenda Item 1K - Clean draft of AT-C section 210, dated May 2018
  • Agenda Item 1L - Clean draft of AT-C section 215, dated May 2018
  • Agenda Item 1M - Mapping of the requirements in International Standard on Assurance Engagements (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information to the related paragraphs in proposed AT-C sections 105, 205, and 210
• Agenda Item 2 – Auditor Reporting:  ERISA
  • Discussion Memorandum
  • Agenda Item 2A- Proposed SAS, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, redlined to reflect changes from the ED
  • Agenda Item 2B - Proposed SAS, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA, clean
  • Agenda Item 2C - Comment Letter Responses to Issues for Consideration 1-9 and suggested revisions to individual paragraphs
• Agenda Item 3 – Auditor Reports:  800 series
  • Discussion Memorandum
  • Agenda Item 3A- Mapping of Paragraphs in ISA 800 to Related Paragraphs in AU-C 800, which includes the following columns:
    Column 1:  Paragraphs in ISA 800 (Revised) marked to show the changes that were made to ISA 800 when it was revised to reflect the IAASB’s auditor reporting project.
    Column 2 : ISA 800 (Revised) marked to show proposed changes resulting in revised AU-C 800
    Column 3 : Related paragraphs from extant AU-C section 800 marked to show revised AU-C 800
    Column 4:   Comments and questions for the ASB
  • Agenda Item 3B - Appendices to Extant AU-C 800
  • Agenda Item 3C - Illustrations of Auditor’s Reports on Special Purpose Presentations
• Agenda Item 4 – Estimates
  • Agenda Item 4 - Slide deck presentation. This presentation provides a high level overview of the status of the project
  • Agenda Item 4A- Proposed ISA 540, Post IAASB meeting in March. This version represents the marked draft of the proposed standard discussed on Friday at the IAASB March 2018 meeting (the turnaround document)
  • Agenda Item 4B - Marked draft of the selected paragraphs discussed on the April 24 IAASB board teleconference (marked from the turnaround document)
  • Agenda Item 4C - Issues Paper distributed along with Item 4B for the April 24 conference call
• Agenda Item 5 – Audit Evidence
  • Discussion Memorandum
• Agenda Item 6 – Risk Assessment (AU-C 315)
  • Discussion Memorandum
  • Agenda Item 6A- IAASB Agenda Item 3 ISA 315 Issues Paper with ASBTF Comments
  • Agenda Item 6B – IAASB Agenda Item 3A ISA 315 Revised Requirements Marked to extant Final