SAS No. 117 Compliance Audits
The Auditing Standards Board [ASB] has released SAS No. 117 [AU Section 801], entitled Compliance Audits. The guidance in SAS No. 117 replaces the guidance in SAS No. 74, entitled Compliance Auditing...
Published on December 23, 2009
SAS No. 114 Redrafted Clarifying Governance Communications
The Auditing Standards Board [ASB] has finished work on the first of the clarified auditing standards in work related to the overall clarity project. In efforts to converge the U.S. auditing...
Published on November 26, 2008
AU-C SECTION 920 Amendment Letters for Underwriters and Certain Other Requesting Parties
The Auditing Standards Board [ASB] voted to issue a final standard that amends AU-C section 920, Letters for Underwriters and Certain Other Requesting Parties. The amendment is a result of requests...
Published on May 19, 2014
Examing Internal Control in an Integrated Audit
In September 2008, the Auditing Standards Board [ASB] issued two “companion” documents, where the first of those documents provides guidance related to communicating significant deficiencies and material weaknesses noted in performing financial statement audits. The...
Published on November 12, 2008
Accounting Guidance for Condensed Interim Reports
In February 2009, the Auditing Standards Board [ASB] and the Accounting and Review Services Committee [ARSC] simultaneously released a new SAS [ASB] and a new SSARS [ARSC], that clearly-stipulate how reviews of interim financial...
Published on March 18, 2009
SAS No. 125 New Restricted-Use Communications Guidance
On December 27, 2011, the Auditing Standards Board [ASB] released SAS No. 125, entitled Alert That Restricts the Use of the Auditor’s Written Communication
Published on January 18, 2012
SSAE No. 16 Reporting on Controls at a Service Organization
In March 2010, the Auditing Standards Board [ASB] released Statements on Standards for Attestation Engagements [SSAE] No. 16, so that now the guidance that needs to be used by service auditors has been pulled from...
Published on April 28, 2010
SAS No. 127 2013 Omnibus Statement on Auditing Standards
In January 2013, the Auditing Standards Board [ASB] issued SAS No. 127 The guidance in SAS No. 127 amends the auditing technical literature in AU-C section 600 and AU-C section 800
Published on February 27, 2013
SAS No. 122 Clarification and Recodification of U.S. Auditing Standards
On October 5, 2011, the Auditing Standards Board [ASB] released a trio of Statements on Auditing Standards [SASs], where one of those documents represents the “Super SAS” that serves to both recodify U.S. generally accepted...
Published on November 09, 2011
Interpretation No. 1 of AU Section 551 Addressing Audit Report Date Issues
In February 2010, the Auditing Standards Board [ASB] issued new guidance associated with performance and reporting standards when other information, supplementary information in relation to the financial statements, and required supplementary information is included in...
Published on August 17, 2011