AICPA issues exposure draft for proposed SAS on fraud. (AICPA News).The AICPA AICPA See American Institute of Certified Public Accountants (AICPA). is seeking comments on an exposure draft concerning a proposed Statement on Auditing Standards that establishes standards and provides guidance to auditors in fulfilling their responsibility as it relates to fraud in an audit of financial statements conducted in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with GAAS See gallium arsenide. . The proposed statement does not change the auditor's responsibility to plan and perform the audit to obtain reasonable assurance that the financial statements are free of material misstatement mis·state tr.v. mis·stat·ed, mis·stat·ing, mis·states To state wrongly or falsely. mis·state  ment n. , whether caused by error or fraud. However, the proposed
statement does establish standards and provides guidance to auditors in
fulfilling that responsibility, as it relates to fraud.
To read the exposure draft go to www.aicpa.org/members/div/auditstd/consideration_of_fraud.htm. Comments are due by May 31. |
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