[Anonymous]

Hey guys-

This is a baby question, but for some reason I can’t find the answer- In the standard audit report’s “Auditor’s Responsibility” section you write: “We conducted our audit in accordance with auditing standards generally accepted in the United States.”

My question is: if you are auditing an ISSUER (thus using PCAOB), would you change this to say “We conducted our audit in accordance with auditing standards generally accepted in the United States AND the Public Company Accounting Oversight Board“?

Do you reference both GAAS and PCAOB? or just GAAS? or just PCAOB? Thanks!

[littlenumberrobot]

For issuer you only refer to PCAOB

CA CPA - All because of the journey listed below
-----------------------------------------------------------------------
FAR - 53('10), 8/25/12 79 PASSED!
REG - 66('11), 69('12), 12/06/12 77 PASSED!!
BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

(Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

Ethics 90%

[Zach Zach]

If you're issuing a report for a public company / issuer, the wording to start the auditor resp. paragraph is: “We conducted our audit(s) in accordance with the standards of the Public Company Accounting Oversight Board (United States).” Of course the “s” in parentheses is if you've audited more than 1 yr.

This is what my Wiley textbook says! lol, just going by the book

DELAWARE

AUD: 74 (7/2014) 76 (11/2014) PASSED! USED YAEGER AND NINJA
BEC: 73 (9/2014) 76 (2/2014) SO FAR SO GOOD! USED NINJA AND WILEY
FAR: Will take after tax season (can't wait)
REG: Cue overly dramatic impending-doom music (will take in 2014)

[Author]

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