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PCPS Home > Resources > A & A Resources - Keeping Up With Standards > SAS No. 115 and SAS No. 112

SAS No. 115 and SAS No. 112

 

 

SAS No. 115 (supersedes SAS No. 112)

 

SAS No. 115 Brief Summary

This SAS supersedes Statement on Auditing Standards No. 112 and establishes standards and provides guidance on communicating matters related to an entity's internal control over financial reporting identified in an audit of financial statements.  Learn More>>

 

SAS No. 115 Toolkit

PCPS Member Only

SAS No. 115 will have an impact on the audits of financial statements for periods ending on or after December 15, 2009 (earlier implementation is permitted). This toolkit provides guidance on the implementation of SAS No. 115 and tools to assist you in educating and communicating the impact of SAS No. 115 with your clients.  The tools provided in the PCPS SAS No. 115 Toolkit are available exclusively to PCPS members and include:

 

§  Frequently Asked Questions

§  Newsletter/Web site Template

§  Educate Your Client Communication Letter

§  Talking Points Document

§  Overview PowerPoint

§  Client Letter Communicating Identified Significant Deficiencies or Material Weaknesses

§  Web Forum

           

Learn More>>

 

SAS No. 115 Frequently Asked Questions

The FAQs document is intended to address the most common practitioner questions related to applying SAS No. 115. In addition, it provides links to additional resources that may help you in understanding and applying SAS No. 115.   Learn More>> 

 

 

SAS No. 112

 

SAS No. 112 Toolkit

SAS No. 112 applies to audits your firm performs for financial statements that ended on or after December 15, 2006, but before December 15, 2009. This toolkit will give you better insight into the implementation of SAS No. 112. Learn More>>

 

SAS No. 112 Web Forum

This previously recorded web forum, presented by Chuck Landes, CPA of the A&A standards group at the AICPA, explores the impact on the audits your firm performs for financial statements that ended on or after December 15, 2006. It provides you with insight into the implementation of SAS No. 112 and how to communicate the new standard and its impact to your clients as it relates to their audit engagement. Learn More>>