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XBRL and Assurance Services

XBRL and Assurance Services. D. Keith Wilson Associate Chief Auditor. Caveat. The views expressed are those of the speaker and do not necessarily reflect the views of the Board, its members or staff. Discussion Topics. Relevance of XBRL to PCAOB Attest Engagements Regarding XBRL.

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XBRL and Assurance Services

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  1. XBRL and Assurance Services D. Keith Wilson Associate Chief Auditor

  2. Caveat The views expressed are those of the speaker and do not necessarily reflect the views of the Board, its members or staff.

  3. Discussion Topics • Relevance of XBRL to PCAOB • Attest Engagements Regarding XBRL

  4. PCAOB Interest in XBRL • Reporting responsibilities of auditors of public companies • Effect on audits of public companies

  5. Attest Engagements Regarding XBRL • SEC’s XBRL Voluntary Financial Reporting Program on the EDGAR System • Examination-level engagement • XBRL-related documents

  6. Attest Engagement Objectives • Does the data in the XBRL-related documents agree with the corresponding data in the official EDGAR filing? • Do the XBRL-related documents comply with SEC requirements for format and content?

  7. Staff Questions and Answers • Application of attest standards • Engagement procedures • Engagement reporting

  8. Application of Attest Standards • Knowledge of the subject matter • Criteria used to evaluate the XBRL-related documents • Attestation standard regarding independence

  9. Engagement Procedures • Test accuracy of data • Test compliance with format and content requirements • Use of auditor judgment

  10. Engagement Reporting • Reporting on assertion or subject matter • Effect of content of data • Association with underlying data

  11. Questions?

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