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1. The proposed SAS Omnibus will amend the general and reporting standards that were not amended by SAS No. 105. The proposed SAS Omnibus will also amend those SASs that quote the 10 standards to conform them with the changes in SAS No. 105 and to the changes proposed in this Statement. 2. The proposed amendment to SAS No. 99, Consideration of Fraud in a Financial Statement Audit, adds a footnote to SAS No. 99 that provides a clear link between the auditorâ€™s consideration of fraud and the auditorâ€™s assessment of risk and the auditorâ€™s procedures in response to those assessed risks. 3. The amendments in this exposure draft are necessary to remove references to the completion of fieldwork . 4. The date of managementâ€™s representation letter is changed to align it with the requirement in SAS No. 103 that the auditorâ€™s report not be dated prior to the date on which the auditor has obtained sufficient appropriate audit evidence.
Auditing -- Standards -- United States
Accounting | Taxation
American Institute of Certified Public Accountants. Auditing Standards Board, "Proposed statement on auditing standards : Omnibus--2006;Omnibus--2006 ; Exposure draft (American Institute of Certified Public Accountants), 2006, July 25" (2006). Statements of Position. 327.