Page 1 |
Previous | 1 of 16 | Next |
|
This page
All
Subset
|
Statement on Auditing Standards Issued by the Auditing Standards Board AICPA American Institute of Certified Public Accountants Omnibus Statement on Auditing Standards Generally Accepted Auditing Standards ( Supersedes Statement on Auditing Standards No. 1, A1CPA, Professional Standards, vol. 1, AU sec. 150.06.) 1. This amendment replaces paragraph 6 with a new paragraph 6 clearly stating that the ten generally accepted auditing standards apply to all services covered by Statements on Auditing Standards to the extent that they are relevant. For example, independence, the second general standard, applies to engagements covered by SAS No. 30, Reporting on Internal Accounting Control; however, the requirement to state whether financial statements are presented in accordance with GAAP, the first standard of reporting, does not apply because it is not relevant. Services Other Than Examinations of Financial Statements .06 In addition to examinations of financial statements, the ten gener-ally accepted auditing standards, to the extent that they are relevant in the circumstances, apply to all other services governed by Statements on Auditing Standards unless the Statement specifies otherwise. Note: In this Statement, superseding paragraphs are introduced by a dual reference indicating their location in both the individual SASs and A1CPA, Professional Standards, vol. 1 ( Commerce Clearing House). 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 August 1982 43