AICPA offers SAS 112 toolkit

NEW YORK, April 24, 2007 — The Private Companies Practice Section (PCPS) of the American Institute of CPAs has developed an online toolkit to help members understand and implement Statement on Auditing Standards (SAS) No. 112, “Communication of Internal Control Related Matters Identified in an Audit.”

SAS No. 112 is effective for audits performed on or after Dec. 15, 2006.

The complete toolkit, accessible to PCPS Member Firms, is available at www.pcps.org. It includes talking points, a newsletter template and a client communication letter, among other resources.

For interested parties, a free FAQ sheet and SAS No. 112 Web forum archive are available on that Web site as well.

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