Скачать или смотреть Assurance Engagement | CPA Exam AUD

This video discusses assurance engagements, including audits of financial statements prepared on a basis other than GAAP or IFRS, audits of specified elements, accounts, or items, and debt compliance letters.

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0:00 Introduction
Other Comprehensive Basis of Accounting (1:17): The video explains that auditors often audit statements prepared on bases other than GAAP or IFRS, like cash, modified cash, or income tax basis.
Audit of Specified Elements (5:12): The video describes how auditors can be engaged to audit just one account or item, such as sales for a retail store.
Debt Compliance Letter (7:22): The video goes over debt compliance letters and reports, which confirm a borrower's compliance with loan terms. The auditor can issue a separate report or add a paragraph to the audit report. The opinion is a negative assurance (10:26).

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