Statements on Auditing Standards (USA)
3413839
201314406
2008-03-27T13:17:25Z
Cydebot
1215485
Robot - Moving category Statements (finance) to Financial statements per [[WP:CFD|CFD]] at [[Wikipedia:Categories for discussion/Log/2008 March 21]].
In the [[United States of America|United States]], '''Statements on Auditing Standards''' provide guidance to [[external auditors]] on [[generally accepted auditing standards]] (abbreviated as GAAS) in regards to [[auditing]] a non-[[public company|public]]<ref name="Intro_ASB">AICPA Operating Policies, pg. 1</ref> entity and issuing a [[Auditor's report|report]]. They are promulgated by the [[Auditing Standards Board]] of the [[American Institute of Certified Public Accountants]] (AICPA), which holds all copyright on the Standards. They are commonly abbreviated as "'''SAS'''" followed by their respective number and title.
==List of Statements of Auditing Standards==
{| class="wikitable sortable"
|- bgcolor="#CCCCCC"
! width="50"|No. !! width="450"|Official title !! width="100"|Issued on !! width="150" | Current status
|-
|align="center" |1|| Codification of Auditing Standards and Procedures||align="center" |November 1972||In effect
|-
|align="center" |2||Reports on Audited Financial Statements||align="center" |October 1974||Superseded by SAS 58
|-
|align="center" |3||The Effects of EDP on the Auditor’s Study and Evaluation of Internal Control ||align="center" |December 1974|| Superseded by SAS 48
|-
|align="center" |4||Quality Control Considerations for a Firm of Independent Auditors||align="center" |December 1974||Superseded by SAS 25
|-
|align="center" |5||The Meaning of "Present Fairly in Conformity With Generally Accepted Accounting Principles" in the Independent Auditor's Report||align="center" |July 1975|| Superseded by SAS 69
|-
|align="center" |6||Related Party Transactions||align="center" |July 1975||Superseded by SAS 45
|-
|align="center" |7||Communications Between the Predecessor and Successor Auditors||align="center" |October 1975||Superseded by SAS 84
|-
|align="center" |8||Other Information in Documents Containing Audited Financial Statements||align="center" |December 1975||In effect
|-
|align="center" |9||The Effect of an Internal Audit Function on the Scope of the Independent Auditor's Examination||align="center" |December 1975||Superseded by SAS 65
|-
|align="center" |10||Limited Review of Interim Financial Information||align="center" |December 1975||Superseded by SAS 24
|-
|align="center" |11||Using the Work of a Specialist||align="center" |December 1975||Superseded by SAS 73
|-
|align="center" |12||Inquiry of a Client's Lawyer Concerning Litigation, Claims, and Assessments||align="center" |January 1976||In effect
|-
|align="center" |13||Reports on a Limited Review of Interim Financial Information||align="center" |May 1976||Superseded by SAS 24
|-
|align="center" |14||Special Reports||align="center" |December 1976||Superseded by SAS 62
|-
|align="center" |15||Reports on Comparative Financial Statements||December 1976||Superseded by SAS 58
|-
|align="center" |16||The Independent Auditor's Responsibility||January 1977||Superseded by SAS 53
|-
|align="center" |17||Illegal Acts by Clients||align="center" |January 1977||Superseded by SAS 54
|-
|align="center" |18||Unaudited Replacement Cost-Information||align="center" |May 1977||Withdrawn by the ASB
|-
|align="center" |19||Client Representations||align="center" |June 1977||Superseded by SAS 85
|-
|align="center" |20||Required Communication of Material Weaknesses in Internal Accounting Control||align="center" |August 1977||Superseded by SAS 60
|-
|align="center" |21||Segment Information||align="center" |December 1977||Withdrawn by the ASB
|-
|align="center" |22||Planning and Supervision||March 1978||In effect
|-
|align="center" |23||Analytical Review Procedures||align="center" |October 1978||Superseded by SAS 56
|-
|align="center" |24||Review of Interim Financial Information||align="center" |March 1979||Superseded by SAS 36
|-
|align="center" |25||The Relationship of Generally Accepted Auditing Standards to Quality Control Standards||align="center" |November 1979||In effect
|-
|align="center" |26||Association with Financial Statements||align="center" |November 1979||In effect
|-
|align="center" |27||Supplementary Information Required by the Financial Accounting Standards Board||align="center" |December 1979||Superseded by SAS 52
|-
|align="center" |28||Supplementary Information on the Effects of Changing Prices||align="center" |June 1980||Superseded by SAS 52
|-
|align="center" |29||Reporting on Information Accompanying the Basic Financial Statements in Auditor-Submitted Documents||align="center" |July 1980||In effect
|-
|align="center" |30||Reporting on Internal Accounting Control||align="center" |July 1980||Superseded by SSAE 2
|-
|align="center" |31||Evidential Matter||align="center" |August 1980||In effect
|-
|align="center" |32||Adequacy of Disclosure of Financial Statements||align="center" |October 1980||In effect
|-
|align="center" |33||Supplementary Oil and Gas Reserve Information||align="center" |October 1980||Superseded by SAS 45
|-
|align="center" |34||The Auditor's Consideration When a Question Arises About and Entity's Continued Existence||align="center" |March 1981||Superseded by SAS 59
|-
|align="center" |35||Special Reports-Applying Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement||align="center" |April 1981|| Superseded by SAS 75
|-
|align="center" |36||Review of Interim Financial Information||align="center" |April 1981||Superseded by SAS 71
|-
|align="center" |37||Filings Under Federal Securities Statutes||align="center" |April 1981||In effect
|-
|align="center" |38||Letters for Underwriters||align="center" |April 1981||Superseded by SAS 49
|-
|align="center" |39||Audit Sampling||align="center" |June 1981||In effect
|-
|align="center" |40||Supplementary Mineral Reserve Information||align="center" |February 1982||Superseded by SAS 52
|-
|align="center" |41||Working Papers||align="center" |April 1982||Superseded by SAS 96
|-
|align="center" |42||Reporting on Condensed Financial Statements and Selected Financial Data||align="center" |September 1982||In effect
|-
|align="center" |43||Omnibus Statement on Auditing Standards||align="center" |August 1982||Superseded by various SAS
|-
|align="center" |44||Special-Purpose Reports on Internal Accounting Control at Service Organizations||align="center" |December 1982||Superseded by SAS 70
|-
|align="center" |45||Omnibus Statement on Auditing Standards-1983||align="center" |August 1983||In effect
|-
|align="center" |46||Consideration of Omitted Procedures After the Report Date||align="center" |September 1983||In effect
|-
|align="center" |47||Audit Risk and Materiality in Conducting an Audit||align="center" |December 1983||In effect
|-
|align="center" |48||The Effects of Computer Processing on the Audit of Financial Statements||align="center" |July 1984||In effect
|-
|align="center" |49||Letters for Underwriters||align="center" |September 1984||Superseded by SAS 72
|-
|align="center" |50||Reports on the Application of Accounting Principles||align="center" |July 1986||In effect
|-
|align="center" |51||Reporting on Financial Statements Prepared for Use in Other Countries||align="center" |July 1986||In effect
|-
|align="center" |52||Omnibus Statement on Auditing Standards-1987||align="center" |April 1988||In effect
|-
|align="center" |53||The Auditor's Responsibility to Detect and Report Errors and Irregularities||align="center" |April 1988||Superseded by SAS 82
|-
|align="center" |54||Illegal Acts by Clients||align="center" |April 1988||In effect
|-
|align="center" |55||[[Statement on Auditing Standards No. 55|Consideration of Internal Control in a Financial Statement Audit]]||align="center" |April 1988||In effect
|-
|align="center" |56||Analytical Procedures||align="center" |April 1988||In effect
|-
|align="center" |57||Auditing Accounting Estimates||align="center" |April 1988||In effect
|-
|align="center" |58||Reports on Audited Financial Statements||align="center" |April 1988||In effect
|-
|align="center" |59||The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern||align="center" |April 1988||In effect
|-
|align="center" |60||Communication of Internal Control Related Matters Noted in an Audit||align="center" |April 1988||Superseded by SAS 112
|-
|align="center" |61||Communication With Audit Committees||align="center" |April 1988||In effect
|-
|align="center" |62||Special Reports||align="center" |April 1989||In effect
|-
|align="center" |63||Compliance Auditing Applicable to Governmental Entities and Other Recipients of Governmental Financial Assistance||align="center" |April 1989||Superseded by SAS 68
|-
|align="center" |64||Omnibus Statement on Auditing Standards-1990||align="center" |December 1990||In effect
|-
|align="center" |65||The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements||align="center" |April 1991||In effect
|-
|align="center" |66||Communication of Matters About Interim Financial Information Filed or to Be Filed with Special Regulatory Agencies-An Amendment to SAS No. 36: Review of Interim Financial Information||align="center" |June 1991||Superseded by SAS 71
|-
|align="center" |67||The Confirmation Process||align="center" |November 1991||In effect
|-
|align="center" |68||Compliance Auditing Considerations in Audits of Governmental Financial Assistance||align="center" |December 1991||Superseded by SAS 74
|-
|align="center" |69||The Meaning of "Present Fairly in Conformity With Generally Accepted Accounting Principles"||align="center" |January 1992||In effect
|-
|align="center" |70||[[Statement on Auditing Standards No. 70|Service Organizations]]||align="center" |April 1992||In effect
|-
|align="center" |71||Interim Financial Information||align="center" |May 1992||Superseded by SAS 100
|-
|align="center" |72||Letters for Underwriters and Certain Other Requesting Parties||align="center" |February 1993||In effect
|-
|align="center" |73||Using the Work of a Specialist||align="center" |July 1994||In effect
|-
|align="center" |74||Compliance Auditing Considerations in Audits of Governmental Financial Assistance||align="center" |February 1995||In effect
|-
|align="center" |75||Engagements to Apply Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement||align="center" |September 1995||Superseded by SAS 93
|-
|align="center" |76||Amendments to Statements on Auditing Standards No. 72: Letters for Underwriters and Certain Other Requesting Parties||align="center" |September 1995||In effect
|-
|align="center" |77||Amendments to Statements on Auditing Standards No. 22: Planning and Supervision, No. 59: The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, and No. 62: Special Reports||align="center" |November 1995||In effect
|-
|align="center" |78||Consideration of Internal Control in a Financial Statement Audit: An Amendment to Statement on Auditing Standards No. 55||align="center" |December 1995||In effect
|-
|align="center" |79||Amendment to Statement on Auditing Standards No. 58: Reports on Audited Financial Statements||align="center" |December 1995||In effect
|-
|align="center" |80||Amendment to Statement on Auditing Standards No. 31: Evidential Matter||align="center" |December 1996||In effect
|-
|align="center" |81||Auditing Investments||align="center" |December 1996||Superseded by SAS 92
|-
|align="center" |82||Consideration of Fraud in a Financial Statement Audit||align="center" |February 1997||Superseded by SAS 99
|-
|align="center" |83||Establishing and Understanding With the Client||align="center" |October 1997||In effect
|-
|align="center" |84||Communications Between the Predecessor and Successor Auditors||align="center" |October 1997||In effect
|-
|align="center" |85||Management Representations||align="center" |November 1997||In effect
|-
|align="center" |86||Amendments to Statements on Auditing Standards No. 72: Letters for Underwriters and Certain Other Requesting Parties||align="center" |March 1998||In effect
|-
|align="center" |87||Restricting the Use of the Auditor's Report||align="center" |September 1998||In effect
|-
|align="center" |88||Service Organizations and Reporting on Consistency||align="center" |December 1999||In effect
|-
|align="center" |89||Audit Adjustments||align="center" |December 1999||In effect
|-
|align="center" |90||Audit Committee Communications||align="center" |December 1999||In effect
|-
|align="center" |91||Federal GAAP Hierarchy||align="center" |April 2000||In effect
|-
|align="center" |92||Auditing Derivative Instruments, Hedging Activities, and Investments in Securities||align="center" |September 2000||In effect
|-
|align="center" |93||Omnibus Statement on Auditing Standards-2000||align="center" |October 2000||In effect
|-
|align="center" |94||The Effect of Information Technology on the Auditor's Consideration of Internal Control in a Financial Statement Audit||align="center" |May 2001||In effect
|-
|align="center" |95||Generally Accepted Auditing Standards||align="center" |December 2001||In effect
|-
|align="center" |96||Audit Documentation||align="center" |January 2002||Superseded by SAS 103
|-
|align="center" |97||Amendement to Statement on Auditing Standards No. 50: Reports on the Application of Accounting Principles||align="center" |June 2002||In effect
|-
|align="center" |98||Omnibus Statement on Auditing Standards-2002||align="center" |September 2002||In effect
|-
|align="center" |99||[[Statement on Auditing Standards No. 99|Consideration of Fraud in a Financial Statement Audit]]||align="center" |October 2002||In effect
|-
|align="center" |100||Interim Financial Information||align="center" |November 2002||In effect
|-
|align="center" |101||Auditing Fair Value Measurements and Disclosures||align="center" |January 2003||In effect
|-
|align="center" |102||Defining Professional Requirements in Statements on Auditing Standards||align="center" |December 2005||In effect
|-
|align="center" |103||Audit Documentation||align="center" |December 2005||In effect
|-
|align="center" |104||Amendement to Statement on Auditing Standards No. 1: Codification of Auditing Standards and Procedures (Due Professional Care in the Performance of Work)||align="center" |February 2006||In effect
|-
|align="center" |105||Amendment to Statement on Auditing Standards No. 95: Generally Accepted Auditing Standards||align="center" |February 2006||In effect
|-
|align="center" |106||Audit Evidence||align="center" |February 2006||In effect
|-
|align="center" |107||Audit Risk and Materiality in Conducting an Audit||align="center" |February 2006||In effect
|-
|align="center" |108||Planning and Supervision||align="center" |February 2006||In effect
|-
|align="center" |109||Understanding the Entity and its Environment and Assessing the Risks of Material Misstatements||align="center" |February 2006||In effect
|-
|align="center" |110||Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained||align="center" |February 2006||In effect
|-
|align="center" |111||Amendment to Statement on Auditing Standards No. 39: Audit Sampling||align="center" |February 2006||In effect
|-
|align="center" |112||Communicating Internal Control Related Matters Identified in an Audit||align="center" |May 2006||In effect
|-
|align="center" |113||Omnibus 2006||align="center" |November 2006||In effect
|-
|align="center" |114||The Auditor’s Communication With Those Charged With Governance ||align="center" |December 2006||In effect
|-
|}
==See also==
*[[Statements of Financial Accounting Standards]]
==Notes==
{{reflist}}
==References==
===Primary sources===
* [http://www.aicpa.org/Professional+Resources/Accounting+and+Auditing/Audit+and+Attest+Standards/Authoritative+Standards+and+Related+Guidance+for+Non-Issuers/auditing_standards.htm Auditing Standards], American Institute of Certified Public Accountants
* [http://www.aicpa.org/download/auditstd/2004_10_ASB_OPERATING_POLICIES.pdf Auditing, Attestation, and Quality Control Standards Setting Activities: Operating Policies] (2004), American Institute of Certified Public Accountants
===Secondary sources===
*Mark S. Beasley, Joseph V. Carcello (2006), ''GAAS Guide 2007'', CCH (publisher), ISBN 9780471798309
*Don M. Pallais, Cheryl Hartfield, Mary Lou Wurdack (2006); ''PPC's Guide to GAAS 2007'', Practitioners Publishing Company, ISBN 9780764636723
*Michael J. Ramos (2006), ''Wiley Practitioner's Guide to GAAS 2007: Covering all SASs, SSAEs, SSARSs, and Interpretations'', Wiley Publishing, ISBN 9780471798309
==External links==
{{portalpar|Business and economics}}
*[http://www.aicpa.org AICPA official site]
*[http://www.aicpa.org/Professional+Resources/Accounting+and+Auditing/Audit+and+Attest+Standards/Authoritative+Standards+and+Related+Guidance+for+Non-Issuers/Summaries+of+Recently+Issued+Auditing+Standards.htm Summaries of Recently Issued Auditing and Attestation Standards (AICPA official site)]
*[http://www.aicpa.org/Professional+Resources/Accounting+and+Auditing/Audit+and+Attest+Standards/Exposure+Dr+of+Proposed+Statements/ Exposure Drafts of Proposed Statements (AICPA official site)]
[[Category:Auditing]]
[[Category:Financial statements|Auditing Standards]]