How Audit and Accounting Manual is Organized 1 AAM 1000 Introduction 3 1100 Introduction AAM 2000 How to Use the Audit and Accounting Manual 9 2100 How to Use the Audit and Accounting Manual AAM 3000 Engagement Planning and Administration 15 3100 Understanding the Assignment 3105 Planning the Engagement 3110 Assigning Personnel to the Engagement and Supervision 3115 Independence 3120 Obtaining an Understanding of the Entity and Its Environment 3125 Obtaining an Understanding of Internal Control 3130 Assessing the Risks of Material Misstatement 3140 Materiality and Misstatements Identified During the Audit 3145 Fraud 3150 Illegal Acts 3155 Analytical Procedures 3160 Audit Budget Samples 3165 Sample Engagement Letters AAM 4000 Internal Control 195 4100 Introduction 4200 Internal Control Framework AAM 5000 Designing and Performing Further Audit Procedures 225 5100 Audit Evidence and Designing Further Audit Procedures 5200 Performing Tests of Controls 5300 Performing Substantive Procedures 5400 Audit Sampling Considerations 5500 Suggested Supplemental Reference Materials AAM 6000 Audit Documentation 295 6100 Audit Documentation --General 6200 Form, Content, and Extent of Audit Documentation 6300 Organization and Filing (Indexing) AAM 7000 Correspondence, External Confirmations, and Written Representations 317 7100 External Confirmations and Correspondence 7200 Requests for External Confirmations and Related Materials 7300 Litigation, Claims, and Assessments and Inquiries to Legal Counsel 7400 Written Representations and Representation Letters 7500 Communication With Management and Those Charged With Governance 7600 Reliance Letter 7700 Proposal Letter AAM 8000 Alerts 427 8012 General Accounting and Auditing Developments --2019/20 [8013] [Reserved] [8015] [Reserved] [8030] [Reserved] [8040] [Reserved] [8050] [Reserved] [8060] [Reserved] [8070] [Reserved] [8090] [Reserved] [8100] [Reserved] [8120] [Reserved] [8220] [Reserved] [8240] [Reserved] [8290] [Reserved] [8300] [Reserved] [8320] [Reserved] AAM 9000 Auditors'' Reports 497 9010 Overview -- Auditor''s Report 9020 Unmodified Opinions 9030 Modified Opinions 9040 Material Misstatements 9050 Inability to Obtain Sufficient Appropriate Audit Evidence 9060 Additional Communications in the Auditor''s Report -- Emphasis-of-Matter Paragraphs 9070 Additional Communications in the Auditor''s Report -- Other-Matter Paragraphs 9080 Special Considerations in the United States 9090 Special Purpose Frameworks 9100 Comparative Financial Statements 9110 Initial Audit Engagements 9120 Single Financial Statement and Specific Elements, Accounts, or Items 9130 Reporting on Compliance With Aspects of Contractual Agreements or Regulatory Requirements in Connection With Audited Financial Statements 9140 Engagements to Report on Summary Financial Statements 9150 Group Audits AAM10,000 Quality Control 613 10,100 Quality Control --General 10,200 Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm''s Accounting and Auditing Practice -- For Small- and Medium-Sized Firms 10,210 Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm''s Accounting and Auditing Practice -- For Sole Practitioners 10,250 Statement on Quality Control Standards 10,280 "Alternative Practice Structures" Interpretation of the "Independence Rule" 10,300 Sample Quality Control Forms Appendix A New Auditing Standards to Change the Auditor''s Report 777.