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Statements of auditing standards

Statements on Auditing Standards (USA)

In the United States, Statements on Auditing Standards provide guidance to external auditors on generally accepted auditing standards (abbreviated as GAAS) in regards to auditing a non-public entity and issuing a report. They are promulgated by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA), which holds all copyright on the Standards. They are commonly abbreviated as "SAS" followed by their respective number and title.

List of Statements of Auditing Standards

No. Official title Issued on Current status
1 Codification of Auditing Standards and Procedures November 1972 In effect
2 Reports on Audited Financial Statements October 1974 Superseded by SAS 58
3 The Effects of EDP on the Auditor’s Study and Evaluation of Internal Control December 1974 Superseded by SAS 48
4 Quality Control Considerations for a Firm of Independent Auditors December 1974 Superseded by SAS 25
5 The Meaning of "Present Fairly in Conformity With Generally Accepted Accounting Principles" in the Independent Auditor's Report July 1975 Superseded by SAS 69
6 Related Party Transactions July 1975 Superseded by SAS 45
7 Communications Between the Predecessor and Successor Auditors October 1975 Superseded by SAS 84
8 Other Information in Documents Containing Audited Financial Statements December 1975 In effect
9 The Effect of an Internal Audit Function on the Scope of the Independent Auditor's Examination December 1975 Superseded by SAS 65
10 Limited Review of Interim Financial Information December 1975 Superseded by SAS 24
11 Using the Work of a Specialist December 1975 Superseded by SAS 73
12 Inquiry of a Client's Lawyer Concerning Litigation, Claims, and Assessments January 1976 In effect
13 Reports on a Limited Review of Interim Financial Information May 1976 Superseded by SAS 24
14 Special Reports December 1976 Superseded by SAS 62
15 Reports on Comparative Financial Statements December 1976 Superseded by SAS 58
16 The Independent Auditor's Responsibility January 1977 Superseded by SAS 53
17 Illegal Acts by Clients January 1977 Superseded by SAS 54
18 Unaudited Replacement Cost-Information May 1977 Withdrawn by the ASB
19 Client Representations June 1977 Superseded by SAS 85
20 Required Communication of Material Weaknesses in Internal Accounting Control August 1977 Superseded by SAS 60
21 Segment Information December 1977 Withdrawn by the ASB
22 Planning and Supervision March 1978 In effect
23 Analytical Review Procedures October 1978 Superseded by SAS 56
24 Review of Interim Financial Information March 1979 Superseded by SAS 36
25 The Relationship of Generally Accepted Auditing Standards to Quality Control Standards November 1979 In effect
26 Association with Financial Statements November 1979 In effect
27 Supplementary Information Required by the Financial Accounting Standards Board December 1979 Superseded by SAS 52
28 Supplementary Information on the Effects of Changing Prices June 1980 Superseded by SAS 52
29 Reporting on Information Accompanying the Basic Financial Statements in Auditor-Submitted Documents July 1980 In effect
30 Reporting on Internal Accounting Control July 1980 Superseded by SSAE 2
31 Evidential Matter August 1980 In effect
32 Adequacy of Disclosure of Financial Statements October 1980 In effect
33 Supplementary Oil and Gas Reserve Information October 1980 Superseded by SAS 45
34 The Auditor's Consideration When a Question Arises About and Entity's Continued Existence March 1981 Superseded by SAS 59
35 Special Reports-Applying Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement April 1981 Superseded by SAS 75
36 Review of Interim Financial Information April 1981 Superseded by SAS 71
37 Filings Under Federal Securities Statutes April 1981 In effect
38 Letters for Underwriters April 1981 Superseded by SAS 49
39 Audit Sampling June 1981 In effect
40 Supplementary Mineral Reserve Information February 1982 Superseded by SAS 52
41 Working Papers April 1982 Superseded by SAS 96
42 Reporting on Condensed Financial Statements and Selected Financial Data September 1982 In effect
43 Omnibus Statement on Auditing Standards August 1982 Superseded by various SAS
44 Special-Purpose Reports on Internal Accounting Control at Service Organizations December 1982 Superseded by SAS 70
45 Omnibus Statement on Auditing Standards-1983 August 1983 In effect
46 Consideration of Omitted Procedures After the Report Date September 1983 In effect
47 Audit Risk and Materiality in Conducting an Audit December 1983 In effect
48 The Effects of Computer Processing on the Audit of Financial Statements July 1984 In effect
49 Letters for Underwriters September 1984 Superseded by SAS 72
50 Reports on the Application of Accounting Principles July 1986 In effect
51 Reporting on Financial Statements Prepared for Use in Other Countries July 1986 In effect
52 Omnibus Statement on Auditing Standards-1987 April 1988 In effect
53 The Auditor's Responsibility to Detect and Report Errors and Irregularities April 1988 Superseded by SAS 82
54 Illegal Acts by Clients April 1988 In effect
55 Consideration of Internal Control in a Financial Statement Audit April 1988 In effect
56 Analytical Procedures April 1988 In effect
57 Auditing Accounting Estimates April 1988 In effect
58 Reports on Audited Financial Statements April 1988 In effect
59 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern April 1988 In effect
60 Communication of Internal Control Related Matters Noted in an Audit April 1988 Superseded by SAS 112
61 Communication With Audit Committees April 1988 In effect
62 Special Reports April 1989 In effect
63 Compliance Auditing Applicable to Governmental Entities and Other Recipients of Governmental Financial Assistance April 1989 Superseded by SAS 68
64 Omnibus Statement on Auditing Standards-1990 December 1990 In effect
65 The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements April 1991 In effect
66 Communication of Matters About Interim Financial Information Filed or to Be Filed with Special Regulatory Agencies-An Amendment to SAS No. 36: Review of Interim Financial Information June 1991 Superseded by SAS 71
67 The Confirmation Process November 1991 In effect
68 Compliance Auditing Considerations in Audits of Governmental Financial Assistance December 1991 Superseded by SAS 74
69 The Meaning of "Present Fairly in Conformity With Generally Accepted Accounting Principles" January 1992 In effect
70 Service Organizations April 1992 In effect
71 Interim Financial Information May 1992 Superseded by SAS 100
72 Letters for Underwriters and Certain Other Requesting Parties February 1993 In effect
73 Using the Work of a Specialist July 1994 In effect
74 Compliance Auditing Considerations in Audits of Governmental Financial Assistance February 1995 In effect
75 Engagements to Apply Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement September 1995 Superseded by SAS 93
76 Amendments to Statements on Auditing Standards No. 72: Letters for Underwriters and Certain Other Requesting Parties September 1995 In effect
77 Amendments to Statements on Auditing Standards No. 22: Planning and Supervision, No. 59: The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, and No. 62: Special Reports November 1995 In effect
78 Consideration of Internal Control in a Financial Statement Audit: An Amendment to Statement on Auditing Standards No. 55 December 1995 In effect
79 Amendment to Statement on Auditing Standards No. 58: Reports on Audited Financial Statements December 1995 In effect
80 Amendment to Statement on Auditing Standards No. 31: Evidential Matter December 1996 In effect
81 Auditing Investments December 1996 Superseded by SAS 92
82 Consideration of Fraud in a Financial Statement Audit February 1997 Superseded by SAS 99
83 Establishing and Understanding With the Client October 1997 In effect
84 Communications Between the Predecessor and Successor Auditors October 1997 In effect
85 Management Representations November 1997 In effect
86 Amendments to Statements on Auditing Standards No. 72: Letters for Underwriters and Certain Other Requesting Parties March 1998 In effect
87 Restricting the Use of the Auditor's Report September 1998 In effect
88 Service Organizations and Reporting on Consistency December 1999 In effect
89 Audit Adjustments December 1999 In effect
90 Audit Committee Communications December 1999 In effect
91 Federal GAAP Hierarchy April 2000 In effect
92 Auditing Derivative Instruments, Hedging Activities, and Investments in Securities September 2000 In effect
93 Omnibus Statement on Auditing Standards-2000 October 2000 In effect
94 The Effect of Information Technology on the Auditor's Consideration of Internal Control in a Financial Statement Audit May 2001 In effect
95 Generally Accepted Auditing Standards December 2001 In effect
96 Audit Documentation January 2002 Superseded by SAS 103
97 Amendement to Statement on Auditing Standards No. 50: Reports on the Application of Accounting Principles June 2002 In effect
98 Omnibus Statement on Auditing Standards-2002 September 2002 In effect
99 Consideration of Fraud in a Financial Statement Audit October 2002 In effect
100 Interim Financial Information November 2002 In effect
101 Auditing Fair Value Measurements and Disclosures January 2003 In effect
102 Defining Professional Requirements in Statements on Auditing Standards December 2005 In effect
103 Audit Documentation December 2005 In effect
104 Amendement to Statement on Auditing Standards No. 1: Codification of Auditing Standards and Procedures (Due Professional Care in the Performance of Work) February 2006 In effect
105 Amendment to Statement on Auditing Standards No. 95: Generally Accepted Auditing Standards February 2006 In effect
106 Audit Evidence February 2006 In effect
107 Audit Risk and Materiality in Conducting an Audit February 2006 In effect
108 Planning and Supervision February 2006 In effect
109 Understanding the Entity and its Environment and Assessing the Risks of Material Misstatements February 2006 In effect
110 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained February 2006 In effect
111 Amendment to Statement on Auditing Standards No. 39: Audit Sampling February 2006 In effect
112 Communicating Internal Control Related Matters Identified in an Audit May 2006 In effect
113 Omnibus 2006 November 2006 In effect
114 The Auditor’s Communication With Those Charged With Governance December 2006 In effect

See also

Notes

References

Primary sources

Secondary sources

  • Mark S. Beasley, Joseph V. Carcello (2006), GAAS Guide 2007, CCH (publisher), ISBN 9780471798309
  • Don M. Pallais, Cheryl Hartfield, Mary Lou Wurdack (2006); PPC's Guide to GAAS 2007, Practitioners Publishing Company, ISBN 9780764636723
  • Michael J. Ramos (2006), Wiley Practitioner's Guide to GAAS 2007: Covering all SASs, SSAEs, SSARSs, and Interpretations, Wiley Publishing, ISBN 9780471798309

External links

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