[AUD] Integrate report and Separate report for non issuer / issuer

Non Issuer

	NP-FR		NP-ICFR		NP-integrate		NP-Adverse
	Independent Auditor's R		Independent Auditor's R		Independent Auditor's R
O	Audit FS of X co.	O	audit ICFS of X co.	O	Audit FS of X co.		Audit ICFS of X co
	in our opinion		in our opinion~maintained effective ICFR as of		in our opinion		in our op~because of described in the B, has not M effective ICFR
			also audited w GAAS, FS, report date same as ICFR		Audit ICFR of x co.		also audited w GAAS, FS report date same as ICFS
					in our opinion~maintain effective ICFR as of
B	accordance w GAAS	B	accordance w GAAS	B	accordance w GAAS	B	MW is a
	Refer to A section		Refer to A section		Refer to A section		accordance w GAAS
	independent, ethical		independent, ethical		independent, ethical		independent, ethical
	sufficient appropriate evi		sufficient appropriate evi		sufficient appropriate evi		sufficient appropriate evi
M	P, FP of FS(GAAP)	M	DIM effective ICFR	M	P, FP of FS(GAAP)	M
	DIM Internal control		assessment		DIM effective ICFR
	Going concern				Going concern
A	reasonable assurance	A	reasonable assurance	A	reasonable assurance	A
	provide an opinion		Exercise professional skepticism		issue report includes op
	GAAS, Fraud, MM		understand ICFR		professional skepticism
	professional skepticism		assess risk MW (top down approach)		asssess risk of MM of FS(test B)
	assess risk of MM(test B)				understand IC
	understand IC				understand of ICFR
	accounting policy &estimate				assess risk MW test evaluate D/operating effectiveness of IC
	going concern				accounting policy & estimate
					going concern
Report on ICFR(cross refer)		Inherent limitations of IC		Inherent limitations of IC
			ICFR effected by BOD,mgt designed to provide reasonable assurance regarding reliable FS		ICFR effected by BOD,mgt designed to provide reasonable assurance regarding reliable FS
		Report on other level and regulatory requirements		Report on other level and regulatory requirements

 

Issuer

	Issuers		Issuers-ICFS		Issuers-integrate
Report of indepedent registed public accounting firm
O	Audit FS of X co.	O	Audit ICFS of X co.	O	Audit FS of X co.
	in our opinion		in our opinion		in our opinion
					Audit ICFS of X co.
			also audited PCAOB of X, report date same as ICFS		in our op~, effective ICFR as of
B	Mgt res for FS	B	Mgt res for FS, M assessment of effective ICFR	B	Mgt res for FS, M assessment of effective ICFR
	Auditor res express opinion		Auditor res express opinion		Auditor res express opinion
	registered w pcaob		registered w pcaob		registered w pcaob
	independent, FL SEC PCAOB		independent, FL SEC PCAOB		independent, FL SEC PCAOB
	accordance w pcaob FS		accordance w pcaob ICFR		accordance w pcaob FS ICFR
	reasonable assurance		understanding of ICFR		assess risk of MM
	assess risk of MM		assess risk of MW		examing test basis
	examing test basis		tesing evaluating D, operating effectiveness of IC		accounting principles, esitmate, overall presentation
	accounting principles ,estimate, overall presentation
C	Define CAM	Inherent limitations of IC		Inherent limitations of IC
	identify CAM		ICFR effected by bod, mgt designed to provide reasonable assurance regarding reliable FS		ICFR effected by bod, mgt designed to provide reasonable assurance regarding reliable FS
Report on ICFR				C	Define CAM
					identify CAM(ipad)
					* if Q+ add describ

 

 Both qualitative and quantitative risk factors as part of audit planning. The audit team should evaluate risk factors for both an audit of financial statements and an audit of internal control