Statement on auditing standards, 045

              Statement on
Auditing Standards
August 1983 45
AICPA American Institute of
Certified Public Accountants
Omnibus Statement on Auditing
Standards — 1 9 83
Substantive Tests Prior to the Balance- Sheet Date
( Supersedes Statement on Auditing Standards No. 1, AICPA, Professional
Standards, vol. 1, AU sec. 310.05-. 09.)*
1. This amendment provides additional guidance on the auditor's
considerations before applying substantive tests to the details of asset
or liability accounts at interim dates, including the relationship be­tween
internal accounting control and such tests. It also provides
guidance on extending the audit conclusions from such tests to the
balance- sheet date.
* This Statement amends SAS No. 39, Audit Sampling, by substituting the term " audit
risk" for " ultimate risk," and also amends SAS No. 1, section 310, by changing the title
of that section to " Relationship Between the Auditor's Appointment and Planning,"
deleting the last three sentences of section 310.03, and replacing section 310.02 with
the following:
Aspects of supervising assistants are discussed in section 210, " Training and
Proficiency of the Independent Auditor," and SAS No. 22, Planning and Supervi­sion.
Aspects of planning the field work and the timing of auditing procedures are
discussed in SAS No. 22 and SAS No. 45, Omnibus Statement on Auditing
Standards — 1983.
Note: In this Statement, superseding paragraphs are introduced by a dual reference
indicating their location in both the individual SASs and AICPA, Professional Stan­dards,
vol. 1 ( Commerce Clearing House).
Copyright © 1983 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036- 8775
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Issued by the Auditing Standards Board