Surf's Up Inc. has a significant loan outstanding with NB Bank. NB Bank has requested that Surf's Up Inc. provide them with financial statements prepared using the cash basis of accounting. These financial statements must be audited as per the loan agreement between NB Bank and Surf's Up Inc. You are an auditor working for Chapman and Chapman, a regional CPA firm that has been engaged to perform the financial statement audit of Surf's Up Inc. This is your first engagement auditing financial statements that are not prepared using accrual accounting. Which standard would be applicable for this engagement