TITLE

GAAS UPDATE SERVICE

PUB. DATE
May 2006
SOURCE
GAAS Update Service;5/15/2006, Vol. 6 Issue 9, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides summary and highlights of the new Statement on Auditing Standards Number 106, Audit Evidence (SAS-106), which will be effective on or after December 15, 2006 in the U.S. The statement discusses the concept and characteristics of audit evidence such as appropriate and sufficient audience evidence. The article suggested that auditors should develop audit tests and procedures for obtaining evidence, based on the new standards and in accordance with the generally accepted accounting principles.
ACCESSION #
21160274

 

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