Statements of Position



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This proposed Statement consists solely of amendments to existing Statements and would supersede Statement on Auditing Standards No. 3, The Effects of EDP on the Auditor's Study and Evaluation of Internal Control. The board believes that auditors consider the methods of data processing, including the use of computers, in essentially the same way, and the same time, they consider other significant factors that may affect their examination of financial statements. For example, in planning an examination, the auditor considers those aspects of a client's business that may affect the nature, timing, and extent of audit procedures, including the characteristics associated with the methods of data processing. By eliminating the inconsistent language presently in SAS No. 3, this proposed Statement also makes it clear that the auditor's obligation to perform a minimum study and evaluation of internal accounting control, as discussed in SAS No. 43, is the same for accounting systems that use a computer for processing accounting information as for manual accounting systems.



Publication Date


Relational Format



Financial statements -- United States -- Data processing


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants; Exposure draft (American Institute of Certified Public Accountants), 1983, Sept. 13

Proposed statement on auditing standards : the effects of computer processing on the examination of financial statements ;Effects of computer processing on the examination of financial statements



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