ASB Meeting Agenda and Materials May 2019

Meeting Date: May 20-23, 2019

Meeting Location
National Association of State Boards of Accountancy (NASBA)
(located in the Regions Bank Building)
150 Fourth Avenue North, Suite 700
8th Floor
Nashville, TN 37219

Meeting Room:  The Parthenon

Hotel Information
Renaissance Nashville Hotel
611 Commerce Street
Nashville, TN  37203

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 1-800-327-6618.

• May 2019 ASB Meeting Agenda

Agenda Item 1 – Materiality Definition

• Discussion Memorandum and Issues Paper
• Agenda Item 1A - Proposed exposure draft, Proposed SAS and Proposed SSAE – clean
• Agenda Item 1B - Proposed exposure draft, Proposed SAS and Proposed SSAE – marked from March meeting draft

Agenda Item 2 – Audit Evidence

• Agenda Item 2 – Discussion Memorandum
• Agenda Item 2A - AU-C section 500 Exposure Draft_marked from March ASB call
• Agenda Item 2B - AU-C 500 Table_Proposed Standard – clean
• Agenda Item 2C - AU-C 500 Table_Proposed Standard – marked from extant
• Agenda Item 2D - AU-C 500 Traditional Format

Agenda Item 3 – Other Information

• Discussion Memorandum
• Agenda Item 3A – Proposed revised Statement on Auditing Standards, The Auditor’s Responsibilities Relating to Other Information Included in Annual Reports – redline to show changes from draft presented to the ASB in January 2019
• Agenda Item 3B - Proposed revised Statement on Auditing Standards, The Auditor’s Responsibilities Relating to Other Information Included in Annual Reports – clean
• Agenda Item 3C - Matrix comparing ISA 720 (Revised), extant AU-C section 720, and the proposed revised SAS

Agenda Item 4 – Estimates

• Discussion Memorandum
• Agenda Item 4A – Appendix to Agenda Item 4

Agenda Item 5 – Attestation Standards

• Discussion Memorandum
• Agenda Item 5A – AT-C Section 105, Concepts Common to All Attestation Engagements, of the ED marked to show changes resulting in the May 2019 draft
• Agenda Item 5B - AT-C section 205, Examination Engagements, of the ED marked to show changes resulting in the May 2019 draft
• Agenda Item 5C - AT-C section 210, Limited Assurance Engagements, of the ED marked to show changes resulting in the May 2019 draft
• Agenda Item 5D - AT-C section 215, Agreed-Upon Procedures Engagements, of the ED marked to show changes resulting in the May 2019 draft
• Agenda Item 5E - AT-C section 215 of the ED marked to show changes from extant AT-C section 215
• Agenda Item 5F - Summary of comments on the ED and responses

Agenda Item 6 – EBP Auditor Reporting

• Discussion Memorandum
• Agenda Item 6A – SAS, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA (ballot draft of EBP SAS marked to reflect conforming changes to align with new reporting standards)

Agenda Item 7 – Auditor Reporting - 800

• Discussion Memorandum
• Agenda Item 7A – AU-C 800, Considerations—Audits of Financial Statements Prepared in Accordance With Special Purpose Frameworks, dated May 2019; marked from extant AU-C 800
• Agenda Item 7B - AU-C 805, Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement, dated May 2019; marked from extant AU-C 805
• Agenda Item 7C - AU-C 810, Engagements to Report on Summary Financial Statements, dated May 2019; marked from extant AU-C 800
• Agenda Item 7D - AU-C 800 dated May 2019; marked from the draft presented at the January 2019 ASB meeting
• Agenda Item 7E - AU-C 805 dated May 2019; marked from the draft presented at the January 2019 ASB meeting
• Agenda Item 7F - AU-C 810 dated May 2019; marked from the draft presented at the January 2019 ASB meeting
• Agenda Item 7G - Amendments to AU-C Section 806, Reporting on Compliance With Aspects of Contractual Agreements or Regulatory Requirements in Connection With Audited Financial Statements

Agenda Item 8 – Risk Assessment

• Discussion Memorandum
• IAASB Agenda Item 4 – ISA 315 Issues Paper Final Agenda Paper
• IAASB Agenda Item 4A – ISA 315 Table of Drafting Final Agenda Paper