TITLE

Summary & Highlights

PUB. DATE
May 2010
SOURCE
GAAS Update Service;5/30/2010, Vol. 10 Issue 10, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the release of the three new Statements on Auditing Standards (SAS) issued by the American Institute of Certified Public Accountants (AICPA) in February 2010. The three standards are the SAS-118, SAS-119, and the SAS-120. The SAS-119 which contains supplementary information in relation to the financial statements as a whole introduces significant changes to the standard report wording for auditor's reports.
ACCESSION #
51009914

 

Related Articles

  • AICPA Statement on Auditing Standards, Consideration of Laws and Regulations in an Audit of Financial Statements. Georgiades, George // GAAS Update Service;9/30/2010, Vol. 10 Issue 18, p1 

    The article focuses on the clarified Statement on Auditing Standards (SAS) issued by the Auditing Standards Board of the American Institute of Certified Public Accountants in the U.S. It explains that the clarified SAS includes provisions on the duty of the auditor to inspect the entity's...

  • AICPA Clarifies U.S. Auditing Standards. COLLEMI, SALVATORE A. // New Jersey CPA;Mar/Apr2013, Issue 38, p20 

    The article focuses on the Clarity Project, an overhaul completed by the American Institute of Certified Public Accountants (AICPAs) on the U.S. Statements on Auditing Standards (SASs) No. 122-126 (Super SASs) aiming to recodify the U.S. generally accepted auditing standards (GAAS). It states...

  • GAAS UPDATE SERVICE.  // GAAS Update Service;2/28/2011, Vol. 11 Issue 4, p1 

    The article focuses on the issuance of the clarified Statement on Auditing Standards (SAS) entitled "Opening Balances: Initial Audit Engagements, Including Reaudit Engagements," by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). The clarified...

  • Auditing Standards Board issues statements. Burke, John F.; Carmichael, Douglas R. // CPA Journal;May96, Vol. 66 Issue 5, p50 

    Focuses on statements issued by the American Institute of Certified Public Accountants' (AICPA) Auditing Standards Board regarding auditing standards and attestation engagements. `Amendments to Statement on Auditing Standards No. 72, Letters for Underwriters and Certain Other Requesting...

  • Proposed Financial Reporting Framework for SMEs.  // California CPA;Dec2012, Vol. 81 Issue 6, p5 

    The article announces the release of the American Institute of Certified Public Accountants' exposure draft of the proposed Financial Reporting Framework for Small- and Medium-Sized Entities.

  • AICPA Issues Guidance on Supplementary Information (Part 2).  // Governmental GAAP Update Service;4/15/2010, Vol. 10 Issue 7, p1 

    The article presents the Part 2 issue of the periodical "Governmental GAAP Update Service" of the new guidance on supplementary information by the American Institute of Certified Public Accountants (AICPA). The AICPA issued on February 2010 three Statements on Auditing Standards (SASs) related...

  • AICPA Proposed Statement on Standards for Attestation Engagements, Reporting on an Entity's Internal Control Over Financial Reporting. Georgiades, George // GAAS Update Service;3/15/2006, Vol. 6 Issue 5, p1 

    The article discusses an exposure draft of a proposed Statement on Standards for Attestation Engagements (SSAE) issued by the Auditing Standards Board of the American Institute of Certified Public Accountants in January 2006. The proposed SSAE would establish standards and provide guidance for...

  • Statements on Auditing Standards No. 104 to No. 111 Relating to the Auditor's Risk Assessment Process.  // GAAS Update Service;4/15/2006, Vol. 6 Issue 7, p1 

    The article discusses a set of Statements on Auditing Standards relating to the auditor's risk assessment process issued by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants in 2006. The standards represent significant changes to existing audit...

  • GAAS UPDATE SERVICE.  // GAAS Update Service;5/30/2006, Vol. 6 Issue 10, p1 

    The article presents the latest auditing standards introduced by the American Institute of Certified Public Accountants' Auditing Standards Board (ASB). The new standards are in line to the risk assessment process of financial statements by auditors. The association is confident that the new...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics