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Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA
American Institute of Certified Public Accountants
September 1995
7
Amendments to Statement on
Auditing Standards No. 72,
Letters for Underwriters and
Certain Other Requesting Parties
( Amends Statement on Auditing Standards No. 72, AICPA, Professional
Standards, vol. 1, AU sec. 634.)
Introduction
1. This Statement1 provides reporting guidance when one of the parties
identified in paragraph 3, 4, or 5 of Statement on Auditing Standards
( SAS) No. 72, other than an underwriter or other party with a due diligence
defense under section 11 of the Securities Act of 1933, requests a
letter without providing the representation letter described in para-
1 This Statement amends paragraph .01 of Statement on Standards for Attestation
Engagements ( SSAE) No. 1, Attestation Standards ( AICPA, Professional Standards,
vol. 1, AT see. 300, " Reporting on Pro Forma Financial Information"), by replacing
footnote 1 with the following:
1 AU section 634, letters for Underwriters and Certain Other Requesting Parties, identifies,
in paragraphs .03 through .05, certain parties who may request a letter. When one of those
parties requests a letter or asks the accountant to perform agreed- upon procedures on pro
forma financial information in connection with an offering, the accountant should follow
the guidance in AU section 634 ( see paragraphs .03-. 10, .36, .42, and .43).
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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