Gail McCook the administrative assistant of a local CPA

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Gail McCook, the administrative assistant of a local CPA firm, merged the files listing GAAS
standards and GAGAS standards. Because the firm performs both GAAS and GAGAS audits, it
is important to identify which standards are applicable to which audits. The governmental audit
partner, Gerald Henderson, has split up the list of standards among staff, and you have been
assigned the standards below.1. Pertinent information should be communicated to individuals
contracting for or requesting the audit.2. The auditor must maintain independence in mental
attitude in all matters relating to the audit.3. The auditor must adequately plan the work and
must properly supervise any assistants.4. When the audit findings involve deficiencies, the
elements (criteria, condition, cause and effect) of the findings should be developed.5. When the
financial statement audit report contains an opinion or a disclaimer of opinion, a report on
internal control over financial reporting and on compliance with laws, regulations, and provisions
of contracts and grants must be provided as part of the report or as a separate report.6. The
auditor must identify in the auditor's report those circumstances in which such principles have
not been consistently observed in the current period in relation to the preceding period.7. The
audit organization must establish a system of quality and have an external peer review at least
once every 3 years.8. Auditors apply certain limited procedures in connection with RSI to
provide assurance that it is fairly presented in relation to the basic financial statements.9. The
auditor must exercise due professional care in the performance of the audit and the preparation
of the report.10. Known findings and recommendations from previous engagements that directly
relate to the current audit should be considered in planning.RequiredFor each item in the
preceding list, indicate whether standards are GAAS or GAGAS standards.View Solution:
Gail McCook the administrative assistant of a local CPA firm

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