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• Audit awareness: SAS Nos. 104-111 fundamentally alter how auditors ply their trade

  - 2007-08-01

  The AICPA's Audit Risk Standards (SAS Nos. 104-111) are continuing the trend of reworking the landscape of financial statement audits. These standards are effective for audits of financial statements for periods beginning on or after Dec. 15, 2006, and affect the way auditing firms assess the risk of material misstatements...

  Tags: audit, financial, financial statement, SAS Institute

• Railinc Successfully Completes SAS 70 Type II Audit; Railinc Meets International Standard for Protecting Customers' Financial Data and Transactions

  - 2005-01-20

  CARY, N.C. -- Railinc today announced that it has successfully completed a Statement on Auditing Standards SAS 70 Type II examination. The Type II audit is much more stringent than Type I, because this audit includes detailed testing of the service organization's controls. The SAS 70 audit validates internal controls...

  Tags: audit, financial, SAS Institute

• Due professional care in cases of high engagement risk

  - 2002-12-01

  Surveying a perilous environment In Brief Audit lessons from Andersen and Enron The Enron-Andersen debacle makes for a case study on exercising due professsional care on high-risk audit engagements. Auditing issues that the lawon case highlights include going-concern assessments: related-party disclosures;...

  Tags: accounting, Andersen Consulting, audit, auditing, Enron Corp., FINANCE, financial, SAS Institute, SEC

• SAS 82's effects on fraud discovery

  - 2002-02-01

  The 1997 issuance of SAS 82, Consideration of Fraud in a Financial Statement Audit, attempted to address public criticism of the audit process and audit quality. SAS 82 requires that independent auditors make a specific assessment of the risk of material misstatement on financial statements attributable to fraudulent financial reporting...

  Tags: audit, financial, SAS Institute

• Exodus receives SAS 70 Type II report from Deloitte & Touche; Service audit assures financial services customers that Exodus Internet data centres meet highest level of infrastructure security and integrity.

  - 2001-03-20

  M2 PRESSWIRE-20 March 2001-EXODUS COMMUNICATIONS: Exodus receives SAS 70 Type II report from Deloitte & Touche; Service audit assures financial services customers that Exodus Internet data centres meet highest level of infrastructure security and integrity C1994-2001 M2 COMMUNICATIONS LTD RDATE:19032001...

  Tags: audit, Deloitte Touche Tohmatsu, Exodus Communications, financial, INTERNET, SAS Institute, security

• Fraud Detection in Audits of Not-For-Profit Organizations

  - 2001-02-01

  Statement on Auditing Standards [SAS] No. 82 entitled Consideration of Fraud in a Financial Statement Audit was issued by the Auditing Standards Board [ASB] to provide guidance for auditors in determining their professional responsibilities related to fraud detection during financial statement audits. As a companion guide to SAS No. 82,...

  Tags: audit, financial, financial statement, SAS Institute

• Auditor Communication in an Evolving Environment: Going Beyond SAS 600 Auditor's Reports on Financial Statements

  BNET - 2000-12-14

  In 1993 the Auditing Practices Board issued an expanded audit report, SAS 600 Auditors' Reports on Financial Statements, in an attempt to educate users and reduce their misunderstandings in respect of certain matters pertaining to the audit function. This paper investigates the extent to which the new audit report, SAS...

  Tags: Audit, Financial, Environment, Financial Statement, SAS Institute, University Of Wales Swansea, Financial Accounting, Financial Statements, Finance

• Audit committees in an era of increased scrutiny

  - 2000-06-01

  The supercommittee to save corporate America In Brief More Important than Ever Concern over the quality of public companies' financial reporting is nothing new. What has changed is the amount of attention that regulators give to audit committees and their relationship with auditors,...

  Tags: audit, FINANCE, financial, SAS Institute, SEC

• Financial statement and auditing standards update

  - 1998-01-01

  Readers should be aware of recent updates in financial statement reporting, as well as items under consideration, and how these changes may affect members in making credit decisions. It is hoped that these reports will stimulate thought and discussion as to other changes lenders would prefer to see in such...

  Tags: accountant, accounting, audit, auditing, Company, FINANCE, financial, Financial Accounting Standards Board, SAS Institute

• Expanding the auditors' role to narrow the expectations gap

  - 1994-06-22

  Since the early 1970s, the auditing profession has been under increased pressure and scrutiny by government and users of audit reports. The Commission on Auditors' Responsibilities generally known as the Cohen Commission coined the term "expectations gap," referring to the difference between how auditors perceive their role and how financial...

  Tags: accountant, accounting, AICPA, audit, auditing, FINANCE, financial, Robert, SAS Institute, SEC, standards