TITLE

Statement on Auditing Standards No. 109, Understanding the Entity and its Environment and Assessing the Risks of Material Misstatement (Part 1 of 3)

PUB. DATE
August 2006
SOURCE
GAAS Update Service;8/30/2006, Vol. 6 Issue 16, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the Statement on Auditing Standards (SAS) No. 109 issued by the Auditing Standards Board of the American Institute of Certified Public Accountants. SAS-109 aims to provide an understanding of the entity and its environment like the internal control as an important part of the auditor's risk assessment process. The relationship of SAS-109 to other auditing standards is discussed.
ACCESSION #
31220925

 

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