| Title: |
Implementing SAS No. 112 |
| Prerequisite: |
None |
| Advanced Prep: |
None |
| Knowledge: |
Basic |
| Subject Matter Area: |
Auditing |
| Date of Publication: |
November 2006 |
| Copyright ©: |
2007 by Bisk Education, Inc. All rights reserved. |
| Recommended CPE Credits: |
1 QAS/Registry (based on 50-minute hour) |
| Expiration Date: |
One year from date of receipt to complete program and submit quizzer to obtain credit |
| Passing Grade for Quizzer: |
70 percent or higher |
SAS No. 112 supersedes SAS No. 60, Communication of Internal Control Related Matters Noted in an Audit. In providing guidance related to communicating internal control matters. This course reviews this guidance regarding the communication of internal control related matters to those charged with corporate governance. The definition of those charged with corporate governance is detailed in SAS No. 103.
Note: Reporting of CPE credit to a CPA's state board is the responsibility of the CPA. Subscribers to CPE Network Accounting & Auditing Report may not receive duplicate credit for this material, which previously aired in the November 2006 edition of this program.
This text is divided into three chapters:
Chapter 1 provides a discussion with Tom Ratcliffe, PhD, CPA on SAS No. 112.
Chapter 2 contains a discussion of communication of internal control matters.
Chapter 3 contains review problems that help illustrate the topic.
Thomas A. Ratcliffe, PhD, CPA, is Director of Accounting & Auditing at Wilson, Price, Barranco, Blankenship & Billingsley, PC, in Montgomery, Alabama. He is also the Director Emeritus of the School of Accountancy at Troy University in Troy, Alabama.