Audits of Specific Elements, Accounts vs piecemeal audit

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  • #199210
    fuyuki
    Member

    Can anyone explain the difference? I am kind of confuse about the difference between two.

    Let’s say we have B/S and we are only auditing account receivable (specific account), won’t that be consider a piecemeal auditing which we can’t do?

    Thanks

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  • #753015
    monikernc
    Participant

    specified elements would be an attestation engagement handled under AT 201, Agreed Upon procedures. this is not an audit.

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