Statement on auditing standards, 048

              Statement on
Auditing Standards
Issued by the Auditing Standards Board
AICPA American Institute of
Certified Public Accountants
July 1984
48
The Effects of Computer Processing
On the Examination of
Financial Statements
Planning and Supervision
( Amends Statement on Auditing Standards No. 22, AICPA, Professional Standards,
vol. l, AU sec. 311.03, .09, and .10.)
1. This amendment adds to the list of required planning consider­ations
in paragraph 3 ( as new item c) the methods used by the entity to
process significant accounting information. It also adds a new para­graph
9, summarizing those aspects of computer processing that may
have an effect on planning an examination of financial statements. Fur­thermore,
it adds a new paragraph 10 that describes how the auditor
Note: This Statement supersedes SAS No. 3, The Effects of EDP on the Auditor's
Study and Evaluation of Internal Control, AICPA, Professional Standards, vol. 1, AU
sec. 321 ( Commerce Clearing House). The amendments to other sections as presented
in this Statement integrate guidance concerning the effects of computer processing on
audits of financial statements with other existing auditing guidance, because auditors
consider the methods of data processing, including the use of computers, in essentially
the same way, and at the same time, they consider other factors that may affect their
examination.
In this Statement, superseding paragraphs are introduced by a dual reference indi­cating
their location in both the individual SASs and in AICPA, Professional Stand­ards,
vol. 1.
Copyright © 1984 by the
American Institute of Certified Public Accountants, Inc.
1211 Avenue of the Americas, New York, N. Y. 10036- 8775
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