Statement on Auditing Standards, Number 125: Alert That Restricts the Use of the Auditor?s Written Communication

As a result of its Clarity Project, the Auditing Standards Board has issued Statement on Auditing Standards (SAS) No. 125, Alert That Restricts the Use of the Auditor s Written Communication, to: Supersede SAS No. 87, Restricting the Use of an Auditor s Report (AICPA, Professional Standards, AU sec. 532 and AU–C sec. 905), and Amend the following SASs: SAS No. 117, Compliance Audits, as amended (AICPA, Professional Standards, AU–C sec. 935) SAS No. 119, Supplementary Information in Relation to the Financial Statements as a Whole (AICPA, Professional Standards, AU–C sec. 725) Several AU–C sections in SAS No. 122, Statements on Auditing Standards: Clarification and Recodification SAS No. 125 addresses the auditor s responsibility, when required or the auditor decides, to include in the auditor s report or other written communication issued by the auditor in connection with an engagement conducted in accordance with GAAS language that restricts the use of the auditor s written communication. In an auditor s report, such language is included in an other–matter paragraph.

• ISBN: 978-1-9373-5013-0
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 48
• Fecha Publicación: 14/12/2016
• Nº Volúmenes: 1
• Idioma: Inglés