Codification of Statements on Auditing Standards

This essential reference for auditors of non-public companies is fully updated as of January 2011 and will help you find the information you need for your audit engagements.

All Statements on Auditing Standards (SASs), Statements on Standards for Attestation Engagements (SSAEs), and related interpretations are organized by subject and indexed in this handy reference. All amendments have been incorporated so you will have the most up-to-date information available.

This edition includes the following new standards and amendments:

• SAS No. 121, Revised Applicability of Statement on Auditing Standards No. 100, Interim Financial Information
• SSAE No. 16, Reporting on Controls at a Service Organization,
• SSAE No. 17, Reporting on Compiled Prospective Financial Statements When the Practitioner’s Independence Is Impaired
• Interpretation No. 2, “Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Participants in Office of Management and Budget Single Audit Pilot Project,” of AU section 325.
• Interpretation No. 3, “Communication of Significant Deficiencies and Material Weaknesses Prior to the Completion of the Compliance Audit for Auditors That Are Not Participants in Office of Management and Budget Pilot Project,” of AU section 325.
• Interpretation No. 4, “Appropriateness of Identifying No Significant Deficiencies or No Material Weaknesses in an Interim Communication,” of AU section 325.
• Interpretation No. 1, “Letters to Directors Relating to Annual Reports on Form 10-K,” of AU section 634
• SSAE Interpretation No. 1, “Reporting Under Section 112 of the Federal Deposit Insurance Corporation Improvement Act, of AT section No. 501
• SSAE Interpretation No. 8, “Including a Description of Tests of Controls or Other Procedures, and the Results Thereof, in an Examination Report,” of AT section 101
• Amendments throughout to reflect the effective dates of SAS Nos. 117–120.