What is SAS 115 (formally SAS 112)?

What is SAS 115 (formally SAS 112)?

Statement on Auditing Standards No. 115 (formally SAS 112) “Communicating Internal Control Related Matters Identified in an Audit” establishes standards and provides guidance on communicating matters related to an entity’s 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). In particular, this SAS:

Subscribe to Business & Financial Services - UCSB RSS