Audits performed under government auditing standards.

SAS No. 112, Communicating Internal Control Related Matters Identified in an Audit, is effective for audits with years ended Dec. 31, 2006, or later.

Recently, the AICPA Audit and Attest team has been made aware that some practitioners are misunderstanding key concepts to SAS No. 112.

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These misunderstandings are addressed in an Audit Risk Alert at www.cpa2biz.com/stores/sas112.

For an overview of SAS No. 112, visit www.aicpa.org/download/members/div/auditstd/AU-00325.PDF.

The AICPA has available reports on internal control that have been updated to reflect the impact of SAS No. 112 at http://gaqc.aicpa.org/. You will also find there an archived conference call on the impact of SAS 112 on Governmental Financial Audits.