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Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA American Institute of
Certified Public Accountants
April 1982
41
Working Papers
( Supersedes Statement on Auditing Standards No. 1, section 338, " Working Papers.") 1
1. The auditor should prepare and maintain working papers, the
form and content of which should be designed to meet the circumstances
of a particular engagement. 2 The information contained in
working papers constitutes the principal record of the work that the
auditor has done and the conclusions that he has reached concerning
significant matters. 3
1This statement amends SAS No. 1, section 230, " Due Care in the Performance of
Work," paragraph 4, by deleting the second sentence of that paragraph.
2This statement does not modify the guidance in other Statements on Auditing Standards,
including the following:
• The letter of audit inquiry to the client's lawyer required by SAS No. 12, Inquiry of a
Client's Lawyer Concerning Litigation, Claims, and Assessments, paragraphs 8- 9,
or the documentation required by paragraph 10 when a response to the audit inquiry
letter is received in a conference.
• The written representations from management required by SAS No. 19, Client Representations
• The notation in the working papers required by SAS No. 20, Required Communication
of Material Weaknesses in Internal Accounting Control, paragraph 4, if material
weaknesses in internal accounting control are communicated orally to senior management
or its board of directors
• The written audit program or set of written audit programs required by SAS No. 22,
Planning and Supervision, paragraph 5
• The representation letter from a successor auditor required by SAS No. 37, Filings
Under Federal Securities Statutes, paragraph 11b, when an auditor has examined
the financial statements for prior periods but has not examined the financial statements
for the most recent audited period included in a registration statement
3However, there is no intention to imply that the auditor would be precluded from
supporting his report by other means in addition to working papers.
Copyright © 1982 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036- 8775
1234567890 AudS 898765432
