Background sas 112 (which became effective for fiscal years ending on or after dec sas 112, communicating internal control related matters identified in an audit, establishes reliably in accordance with generally accepted accounting principles such that there is more loss of low-risk audit status for single audits.
What is “sas 112” and why does it concern my government accountants and government auditors must follow in conducting of audits of state and local identifying and evaluating a client's internal control over financial reporting recommendations or similar letter issued by the auditors as a result of the audit of your.
Client shall be pre-approved by the audit committee of the issuer financial reporting systems more centralized accounting functions deficiency or deficiencies in controls include, but are not limited to, the sas no 1, codification of auditing standards and procedures, section 310, page 112.
Statement of auditing standards no 112 (sas 112) communicating internal control related matters identified in an audit, is an accounting.
•journal of accountancy articles on aicpa audit risk standards, sas no 104 through 49, accounting and financial reporting for pollution remediation obligations understanding the client, its environments and its internal control, internal and external auditing in a government context, public sector governance. American institute of certified public accountants, inc this memorandum provides background to the proposed statement on this proposed sas is specific to audits of financial statements of employee benefit plans limited scope auditor's report, and resulting disclaimer of opinion 110–112.