Public Company Accounting Oversight Board
Bylaws and Rules – Standards – AS6
As of August 25, 2009
450
AUDITING STANDARD NO. 6 – Evaluating Consistency of Financial Statements
Auditing Standard No. 6 –
Evaluating Consistency of Financial Statements
[Effective pursuant to SEC Release No. 34-58555, File No. PCAOB-2008-01 (September 16, 2008)]
Public Company Accounting Oversight Board
Bylaws and Rules – Standards – AS6
As of August 25, 2009
451
Auditing Standard No. 6
Supersedes AU secs. 420 and 9420
Evaluating Consistency of Financial Statements
Consistency and the Auditor's Report on Financial Statements
1.
This standard establishes requirements and provides direction for the auditor's
evaluation of the consistency of the financial statements, including changes to
previously issued financial statements, and the effect of that evaluation on the auditor's
report on the financial statements.
2.
To identify consistency matters that might affect the report, the auditor should
evaluate whether the comparability of the financial statements between periods has
been materially affected by changes in accounting principles or by material adjustments
to previously issued financial statements for the relevant periods.
3.
The periods covered in the auditor's evaluation of consistency depend on the
periods covered by the auditor's report on the financial statements. When the auditor
reports only on the current period, he or she should evaluate whether the current-period
financial statements are consistent with those of the preceding period. When the
auditor reports on two or more periods, he or she should evaluate consistency between
such periods and the consistency of such periods with the period prior thereto if such
prior period is presented with the financial statements being reported upon.1/ The
auditor also should evaluate whether the financial statements for periods described in
this paragraph are consistent with previously issued