Statement on auditing standards, 074

              Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA
American Institute of Certified Public Accountants
February 1995 74
Compliance Auditing Considerations in
Audits of Governmental Entities and
Recipients of Governmental
Financial Assistance
( Supersedes Statement on Auditing Standards No. 68, AICPA, Professional
Standards, vol. 1, AU sec. 801.)
Introduction and Applicability
1. This Statement1 is applicable when the auditor is engaged to audit
a governmental entity under generally accepted auditing standards
1 This Statement amends Statement on Standards for Attestation Engagements ( SSAE)
No. 3, Compliance Attestation ( AICPA, Professional Standards, vol. 1, AT sec. 500), to
delete paragraph 2d and revise paragraph 2c as follows:
2. This Statement does not —
c. Apply to engagements for which the objective is to report in accordance with SAS No. 74,
Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of
Governmental Financial Assistance ( AICPA, Professional Standards, vol. 1, AU sec. 801),
unless the terms of the engagement specify an attestation report under this Statement.
Paragraphs 2a and 2b remain unchanged and paragraphs 2e and 2f are renumbered.
Copyright © 1995 by
American Institute of Certified Public Accountants, Inc.,
New York, NY 10036- 8775
All rights reserved. Requests for permission to make copies
of any part of this work should be mailed to Permissions Department, AICPA,
Harborside Financial Center, 201 Plaza Three, Jersey City, NJ 07311- 3881.
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