Planned Scope and Timing of Audit

Free CPA AUD (Auditing & Attestation) lesson in Ethics, Professional Responsibilities and General Principles. 13 min read, ~1,889 words.

AU-C 260 requires the auditor to communicate the planned scope and timing of the audit to those charged with governance (TCWG) before fieldwork begins. The communication covers the materiality framework, significant risks, business risks, and any preliminary view on going concern. It is an overview only; the auditor does not...