Statement on Auditing Standards Amendment to Statement on Auditing Standards No. 122 section 920, Letters for Underwriters and Certain Other Requesting Parties, as Amended

• Format: Book
• Language: English
• Published: Hoboken, New Jersey Wiley 2014
• Series: Statement on Auditing Standards
• Subjects: Auditing > Standards > United States; Auditors' report; Accounting > Standards > United States
• Online Access: Click Here to View Status and Holdings.
• Physical Description: 63 pages 23 cm
• ISBN: 9781941651216

The Auditing Standards Board (ASB) has issued Statement on Auditing Standards (SAS) No. 129, Amendment to Statement on Auditing Standards No. 122 Section 920, Letters for Underwriters and Certain Other Requesting Parties, as amended(AICPA, Professional Standards, AU-C sec. 920), to address unintended changes to previous practice as a result of its Clarity Project. AU-C section 920 addresses the auditor's responsibilities when engaged to issue letters (commonly referred to as comfort letters) to requesting parties in connection with a nonissuer entity's financial statements included in a registration statement or other securities offerings.