[AU-C 200][GAAS Hierarchy : 3 Tiers] Degree of Responsibility on Auditors - Tier 1

안녕하세요. 고라소니입니다.

이번 포스팅에서는 회계감사 GAAS의 Hierarchy에 대해 다루어 보겠습니다.

 

■ GAAS: Generally Accepted Auditing Standards

= It Measures of the Quality of the Auditor's Performance.

 

■ The hierarchy of GAAS

 

■  Tier 1

: GAAS and the PCAOB standards (including the AICPA’s SSARSs and SSAEs) use the following categories of professional requirements to describe the degree of responsibility imposed on auditors:

 

○ Unconditional = Shall = is Required = Must 

-Unconditional responsibility: The auditor must comply with an unconditional requirement whenever it is relevant. The word must indicates an unconditional requirement. For example, an auditor must be independent.

 

 

○ Mandatory = Should = Must

- Presumptively mandatory responsibility: The auditor must comply with a presumptively mandatory requirement whenever it is relevant except in rare circumstances. The word should indicates a presumptively mandatory requirement. For example, an auditor should obtain an engagement letter.

- When the auditor judges that such a departure is necessary, (s)he should perform alternative audit procedures to achieve the intent of the requirement. A departure is expected to be needed only when a specific required procedure would be ineffective in achieving that intent.

※ ISA: Auditors comply with requirements except in "exceptional circumstances" in which case alternative procedures are performed.

- Should consider. Consideration of a procedure or action is presumptively required. Performance of the procedure or action depends on the outcome of the consideration and the auditor’s professional judgment.

※ The term Should consider meands that the consideration of performance is required, whereas carrying out the procedures or actions is not.

 

○ Professional Judgements = May = Might = Could

 

 

■ Tier 2

○ Auditing Interpreattions of SASs

○ Auditing Guidance in AICPA Audit and Accounting Guides

○ Auditing Statements of Position

 

■ Tier 3

○ Journal of Accountancy: 논문

○ Textbooks

○ Checklists

 

※ 예제를 살펴볼까요?

○ Which of the following is correct concerning SAS guidance that uses the term "should"?

a. The auditor must fullfill the responsibilities.

b. The auditor must comply with requirements unless he demonstrates that alternative actions were sufficient to achieve the objectives of the standeards.

c. The auditor has complete discretion as to whether to perform the procedures.

d. The auditor should consider performing the procedure whether the auditor performs depends on the exercise of professional judgemnet in the circumstances.

-Ans: B

- d가 틀린 이유: "the auditor performs depends on the exercise of professional judgemnet in the circumstances" 는 당연한거다 : Performance of the procedure or action depends on the outcome of the consideration and the auditor’s professional judgment.

 

○ What is the meaning of "Should consider" in SAS(Statements on Auditing Standards)?

a. Consideration of performance is required.

b. Consideration is not obligatory.

c. Performance is required.

d. Performance should be considered.

- Ans: A