ATTENTION: In order to provide you with enhanced functionality, CCH Learning Center will be offline on April 9 from 8:00 p.m. PST - 2:00 a.m. PST. We apologize for any inconvenience this may cause.
![[click to return to the previous page]](/images/images/back_btn.gif)
SAS 120: Required Supplementary Information
|
Author: Perry M. Henderson, CPA, MPA
Description:
This course provides detailed explanation of the new performance and reporting requirements related to required supplementary information.
The most significant change that SAS 120 introduces to previous standards is the requirement that auditors place an explanatory paragraph in their independent auditors' reports on the entity's basic financial statements in all cases in which required supplementary information is presented. Under previous standards, an explanatory paragraph was required only when departures from standards were present, such as the omission of some or all of the required supplementary information, inability of the auditor to apply certain limited procedures, material departures from prescribed guidelines for measuring or presenting the required supplementary information, or unresolved doubts about that information.
SAS 120 supersedes SAS 52, (AU section 558, Required Supplementary Information.)
Upon completion of this course, the user should be able to:
- Identify required supplementary information and distinguish it from other types of information that may accompany financial statements.
- List the professional requirements related to required supplementary information.
- Identify the auditor's reporting requirements and objectives for required supplementary information.
|
Course Details:
 |
Price: $32.00
Field of Study: Auditing
Prerequisites: None
Level: Basic
Advanced Preparation: None
Course was last updated on: 05/12/10
|
|
|
![[click to buy this course]](/images/images/buy_btn.gif) |
Library:
Learning Center Core
Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
![[click to download acrobat reader]](/images/images/acrobat_btn.gif)
|
|
| Credit Available For: |
Units |
| CPE |
2.0 CPE |
| QAS |
2.0 CPE |
|
Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.
Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.
|
|
| User Reviews |
| Currently no user reviews. |
|
|
|
