|Original Pronouncement||Statements on Auditing Standards (SASs) 50 and 97.|
|Effective Date||These statements currently are effective.|
|Applicability||Reports providing advice on the application of accounting principles to specific transactions or providing advice on the type of opinion that may by rendered made as a part of a proposal or otherwise by an accountant other than the entity’s continuing accountant. (See the following sections.)|
SAS No. 122, Codification of Auditing Standards and Procedures, is effective for audits of financial statements with periods ending on or after December 15, 2012.
AU-C 915 does not change extant requirements in any significant respect.
The term “financial reporting framework” replaces the term “generally accepted accounting principles,” and “requirements of an applicable financial reporting framework” replaces “application of accounting principles.”
Section 625 applies to providing written advice
The section applies to these situations whether the advice ...