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Planning and Supervision. (Supersedes SAS No. 22) Source: SAS No. 108; SAS No. 114. See section 9311 for interpretations of this section. Effective for audits of financial statements for periods beginning on December 15, 2006. Earlier application is permitted.
Auditors will enter a much expanded arena of procedures to detect fraud as they implement SAS no. 99. The new standard aims to have the auditor’s consideration of fraud seamlessly blended into the audit process and continually updated until the audit’s completion.
Planning and supervision continue throughout the audit. .02 Audit planning involves developing an overall audit strategy for the expected conduct, organization, and staffing of the audit. The nature, timing, and extent of planning vary with the size and complexity of the entity, and with the auditor's experience with the entity and ...
Planning considerations for an audit of a federally assisted program: Auditing interpretation of SAS no. 22 -- Planning and Supervision Authors American Institute of Certified Public Accountants.
The first standard of field work states that “the work is to be adequately planned,” and SAS No. 22, Planning and Supervision, gives guidance on planning considerations.
Adequate supervision is required by SAS 22, Planning and Supervision and Other Standards. EM provides an easy-to-use interface to allow supervision and management of an audit engagement.
SAS No. 122, Clarification and Recodification, contains the Preface to Codification of Statements on Auditing Standards, Principles Underlying an Audit Conducted in Accordance With Generally Accepted Auditing Standards, and 39 clarified SASs.
