Statement on auditing standards, 029

              Issued by the Auditing Standards Board
AICPA American Institute of
Certified Public Accountants
Reporting on Information
Accompanying the Basic
Financial Statements in
Auditor- Submitted Documents
( Supersedes Statement on Auditing, Standards No. 1, section 610, " Long- Form
Reports") 1
1. This Statement provides guidance on the form and content of
reporting when an auditor submits to his client or to others a docu­ment
that contains information in addition to the client's basic
financial statements and the auditor's standard report thereon.
2. The auditor's standard report covers the basic financial state­ments:
balance sheet, statement of income, statement of retained
earnings or changes in stockholders' equity, and statement of changes
in financial position. The following presentations are considered part
of the basic financial statements: descriptions of accounting policies,
notes to financial statements, and schedules and explanatory material
that are identified as being part of the basic financial statements. For
purposes of this Statement, basic financial statements also include
1This Statement also supersedes the March 1979 auditing interpretation, " Re­ports
on Consolidated Financial Statements That Include Supplementary
Consolidating Information" ( AU Section 9509.15-. 20).
Copyright © 1980 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036
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Statement on
Auditing Standards
July 1980 29