Statement on Auditing Standards No. 108, Planning and Supervision (Part 2 of 2)

Georgiades, George
July 2006
GAAS Update Service;7/15/2006, Vol. 6 Issue 13, p1
Trade Publication
The article offers information on Statement on Auditing Standards No. 108 (SAS-108) "Planning and Supervision." In this article, SAS-108 covers the involvement of professionals having specialized skills, discussions with management and those charged with governance, additional procedures for initial audit engagements, and supervision. SAS-108 supersedes SAS No. 22 and is effective for audits of financial statements for periods beginning on or after December 15, 2006.


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