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Does an auditor need to be independent to perform an examination for prospective and pro forma FS? I’m thinking yes because engagements performed SSAE are for issuers and the Auditor needs to be independent when performing work for issuers. Am I way off here?

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[xdesix]

Pretty much anytime you see the word “examination” that should set your alarm off that they need to be independent for that particular engagement.

Have to be independent for ERAS:

Examinations

Reviews

Agreed upon procedures

Special reports

is what Roger uses and I like that acronym to get things straight.

Though If I recall, I think you are off base on the SSAE sentence if I am reading that correctly. SSAE are for attestation engagements for all other services.. so things like projections, forecasts, agreed upon procedures, etc.. so not issuers.

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@xdesix. Ok great thanks for your reply. Ok so I know that SSARS applies to non issuers. Does SSAE apply to issuers? I think you already answered but just want to make sure. You set me straight on whether examination needs to be independent, so i'm good with that. I just want to see if I relate SSAE to issuers only.

FAR. Feb 2014 76
REG. Jan 2015 79 half way there!!
BEC. Feb 2015 79 thank you God!!
AUD. Apr 20, 2015 and will be done. Hold that thought 65, 7/14/15 85!
Ok where was I? Oh thats right now I'm Done!!!!!!!!!
Ethics 92!!

"You down wit SEC?, yeah you know me!!!"

Cali Candidate

All Becker Materials, Wiley Test Bank, Ninja audio, Ninja MCQ, Ninja Notes

[xdesix]

nah, SSAE would fall in all other engagements not covered by SSARS, PCAOB, etc. So if you see a projection, forecast, or other type of those things that aren't exactly “issuers” and “non issuers”, you'll see in the report that they say “attestation standards established by the AICPA” .So basically proformas / forecasts / prospective = SSAE.

AUD: Passed
BEC: Passed
REG: Studying

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