Page 1 |
Previous | 1 of 4 | Next |
|
This page
All
Subset
|
Statement on
Auditing Standards
Issued by the Auditing Standards Executive Committee
AICPA
December 1975
Other Information in Documents
Containing Audited Financial Statements
1. An entity may publish various documents that contain information
( hereinafter, " other information") in addition to audited financial
statements and the independent auditor's report thereon.
This Statement provides guidance for the auditor's consideration of
other information included in such documents.
2. This Statement is applicable only to other information contained
in ( a) annual reports to holders of securities or beneficial
interests, annual reports of organizations for charitable or philanthropic
purposes distributed to the public, and annual reports filed
with regulatory authorities under the Securities Exchange Act of
1934 or ( b ) other documents to which the auditor, at the client's
request, devotes attention.
3. This Statement is not applicable when the financial statements
and report appear in a registration statement filed under the Securities
Act of 1933. The auditor's procedures with respect to 1933 Act
filings are unaltered by this Statement ( see SAS No. 1, sections 630
and 7 1 0 ) . Also, this Statement is not applicable to other information
on which the auditor is engaged to express an opinion. 1 The guidance
applicable to examining and reporting on certain information
other than financial statements intended to be presented in con-
1 Mere reading of other information is an inadequate basis for expressing an
opinion on that information.
Copyright © 1976 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036
American Institute of
Certified Public Accountants
8
