Home
Forms Library
AICPA Statement on Auditing Standard No 112

AICPA Statement on Auditing Standard No 112 2025

AICPA Statement on Auditing Standard No 112 Preview on Page 1

See details

4.1 out of 5

47 votes

The document outlines the AICPA Statement on Auditing Standard No. 112, which mandates auditors to evaluate and communicate internal control deficiencies identified during audits. It emphasizes the importance of adhering to national auditing standards for valid audits, especially when federal funds are involved. SAS 112 requires more thorough documentation and communication of significant deficiencies and material weaknesses, potentially leading to increased audit findings and longer audit processes. The document also provides guidance on preparing for these changes by reviewing past audits, identifying internal controls, and ensuring proper training and documentation.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The fastest way to redact AICPA Statement on Auditing Standard No 112 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Dochub is a perfect editor for modifying your forms online. Follow this straightforward guideline edit AICPA Statement on Auditing Standard No 112 in PDF format online free of charge:

Sign up and log in. Register for a free account, set a strong password, and proceed with email verification to start working on your forms.
Add a document. Click on New Document and choose the form importing option: add AICPA Statement on Auditing Standard No 112 from your device, the cloud, or a secure link.
Make adjustments to the sample. Utilize the top and left-side panel tools to edit AICPA Statement on Auditing Standard No 112. Insert and customize text, images, and fillable fields, whiteout unneeded details, highlight the significant ones, and comment on your updates.
Get your paperwork done. Send the form to other people via email, create a link for quicker file sharing, export the sample to the cloud, or save it on your device in the current version or with Audit Trail included.

Explore all the benefits of our editor right now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a Statement on auditing standards?

Statements on Auditing Standards (SAS) are detailed guidelines provided by the American Institute of Certified Public Accountants (AICPA) to assist auditors in various aspects of auditing, including audit planning, performance, and reporting.

What is the auditing standard 114 and 115?

These communications are usually issued via one of two communication letters: (1) the SAS 114: The Auditors Communication with Those Charged with Governance letter or (2) the SAS 115 Letter: Communicating Internal Control Related Matters Identified in an Audit.

What is the Statement of auditing standards 110?

110, Responsibilities and Functions of the Independent Auditor), states that The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. This Statement provides guidance to

What are the AICPA statements on auditing standards?

Statements on Auditing Standards (SASs) are applicable to the preparation and issuance of audit reports for nonissuers (that is, entities who are not issuers as defined by the Sarbanes-Oxley Act, and entities whose audits are not required to be conducted according to the PCAOB standards).

What is the Statement on auditing standards 115?

SAS 115 establishes standards and provides guidance on communicating matters related to an entitys internal control over financial reporting identified in an audit of financial statements. It is applicable whenever an auditor expresses an opinion on financial statements (including a disclaimer of opinion).

What is SAS 115?

115 (SAS 115) Communicating Internal Control Related Matters Identified in an Audit, is an accounting standard that establishes guidelines for determining the seriousness of internal control issues.

What is the Statement of auditing standards 114?

The purpose of the SAS 114 letter is to openly communicate and advise on matters related to the financial statement audit process and relay any issues found as they relate to the division of responsibilities between the independent auditor and management, management disagreements, audit adjustments, and accounting

AICPA Statement on Auditing Standard No 112 2025

Here's how it works

The fastest way to redact AICPA Statement on Auditing Standard No 112 online

Complete this form in 5 minutes or less

Got questions?

What is a Statement on auditing standards?

What is the auditing standard 114 and 115?

What is the Statement of auditing standards 110?

What are the AICPA statements on auditing standards?

What is the Statement on auditing standards 115?

Complete this form in 5 minutes or less

People also ask

What is SAS 115?

What is the Statement of auditing standards 114?

Related links

Try more PDF tools

AICPA Statement on Auditing Standard No 112 2025

Here's how it works

The fastest way to redact AICPA Statement on Auditing Standard No 112 online

Complete this form in 5 minutes or less

Got questions?

What is a Statement on auditing standards?

What is the auditing standard 114 and 115?

What is the Statement of auditing standards 110?

What are the AICPA statements on auditing standards?

What is the Statement on auditing standards 115?

Related Searches

Related forms

Complete this form in 5 minutes or less

People also ask

What is SAS 115?

What is the Statement of auditing standards 114?

Related links

Try more PDF tools