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Statement on
Auditing Standards
Issued by the Auditing Standards Board
July 1980
30
AICPA American Institute of
Certified Public Accountants
Reporting on Internal
Accounting Control
( Supersedes Statement on Auditing Standards No. 1, sections 640, " Reports on
Internal Control," and 641, " Reports on Internal Control Based on Criteria
Established by Governmental Agencies.")
1. This Statement describes the procedures an independent accountant
should apply in connection with various types of engagements
to report on an entity's system of internal accounting control,
and it describes the different forms of the accountant's report to be
issued in connection with such engagements. 1
2. An independent accountant may be engaged to report on an
entity's system of internal accounting control in several ways. The
accountant may be engaged to
a. Express an opinion on the entity's system of internal accounting
control in effect as of a specified date ( paragraphs 3 through 4 6 ) .
( An accountant may also be engaged to express an opinion on the
1The auditor's study and evaluation of internal accounting control in an examination
of an entity's financial statements is discussed in SAS No. 1, section 320.
The effects of the use of EDP on internal accounting control and on an auditor's
study and evaluation thereof are discussed in SAS No. 3. The guidance in those
Statements is generally applicable also to engagements to report on internal
accounting control. This Statement provides ( 1) additional guidance concerning
matters that are unique to engagements to report on internal accounting
control and ( 2 ) a further discussion of certain related matters in section 320.
This Statement amends SAS No. 1, section 320.68 and SAS No. 20, paragraphs
1, 8, and 9. See the Appendix for the revised wording.
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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