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
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
1234567890 AudS 89876543
Issued by the Auditing Standards Board