You are a junior accountant at a small accounting firm. A
partner of the firm has asked you to communicate the new Statement of
Accounting Standards (SAS 112) regulation--rules auditors have to follow--to
certain groups and to explain how this change would affect these groups. The
partner has asked you to create and submit a package of materials that includes
the following components:
1. Research SAS 112 on
accounting auditors from the American Institute of CPAs (AICPA) website.
2. Research SAS 115 on accounting
auditors from the AICPA website.
3. Write a brief, 1 1/2 page internal memo for other accountants at the firm.