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AU Section 9642

Reporting on Internal Accounting Control: Auditing Interpretations of SAS No. 30

Many of the interpretations in this section were based on the concepts in Statement on Auditing Standards (SAS) No. 30, Reporting on Internal Accounting Control. SAS No. 30 was superseded in May 1993 by the issuance of Statement on Standards for Attestation Engagements (SSAE) No. 2, Reporting on an Entity's Internal Control Over Financial Reporting. Subsequently, SSAE No. 2 was superseded by SSAE No. 10, Attestation Standards: Revision and Recodification, which was issued in January 2001. The AICPA's Auditing Standards Board decided at its October 1993 meeting to delete these interpretations. Notes have been included below to indicate where current guidance may be found in AICPA literature.

[1.]    Pre-Award Surveys [fn *]

[.01–.03]

[Deleted October 1993.] (See the guidance provided in paragraphs .01–.08 of attest interpretation No. 1 of SSAE No. 10, chapter 5 (AT section 9501.01–.08). [Revised, January 2001, to reflect conforming changes necessary due to the issuance of Statement on Standards for Attestation Engagements No. 10.]

[2.]    Award Survey Made in Conjunction With an Audit

[.04–.05]

[Deleted October 1993.] (See the guidance provided in paragraphs .01–.08 of attest interpretation No. 1 of SSAE No. 10, chapter 5 (AT section 9501.01–.08). [Revised, January 2001, to reflect conforming changes necessary due to the issuance of Statement on Standards for Attestation Engagements No. 10.]

[3.]    Reporting on Matters Not Covered by Government-Established Criteria

[.06–.07]

[Deleted October 1993. Revised, January 2001, to reflect conforming changes necessary due to the issuance of Statement on Standards for Attestation Engagements No. 10.]

[4.]    Limited Scope

[.08–.09]

[Deleted October 1993.] (See the guidance provided in SSAE No. 10, chapter 5, paragraph 5.69 (AT section 501.69).) [Revised, January 2001, to reflect conforming changes necessary due to the issuance of Statement on Standards for Attestation Engagements No. 10.]

[5.]    Compliance With the Foreign Corrupt Practices Act of 1977

[.10–.13]

[Deleted October 1993.] (See the guidance provided in SSAE No. 10, chapter 5, paragraph 5.82 (AT section 501.82).) [Revised, January 2001, to reflect conforming changes necessary due to the issuance of Statement on Standards for Attestation Engagements No. 10.]

[6.]    Reports on Internal Accounting Control of Trust Departments of Banks

[.14–.17]

[Deleted October 1993.] (See the guidance provided in SSAE No. 10, chapter 5, paragraph 5.69 (AT section 501.69).) [Revised, January 2001, to reflect conforming changes necessary due to the issuance of Statement on Standards for Attestation Engagements No. 10.]

[7.]    Report Required by U.S. General Accounting Office [fn 1-7]

[.18–.25]

[Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[8.]    Form of Report on Internal Accounting Control Based Solely on a Study and Evaluation Made as Part of an Audit [fn 8-10]

[.26–.32]

[Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[9.]    Reporting on Internal Accounting Control Based Solely on an Audit When a Minimum Study and Evaluation Is Made

[.33–.34]

[Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[10.]    Report Required by U.S. General Accounting Office Based on a Financial and Compliance Audit When a Study and Evaluation Does Not Extend Beyond the Preliminary Review Phase [fn 11-15]

[.35–.36]

[Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[11.]    Restricted Purpose Report Required by Law to Be Made Available to the Public [fn 16]

[.37–.38]

[Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[12.]    Reporting on Internal Accounting Control "Compliance With the Currency and Foreign Transactions Reporting Act" [fn *]

[.39–.41]

[Deleted October 1993.]

Footnotes (AU Section 9642 — Reporting on Internal Accounting Control: Auditing Interpretations of SAS No. 30):

[fn *] [Footnote deleted, October 1993.]

[fn 1-7] [Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[fn 8-10] [Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[fn 11-15] [Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[fn 16] [Superseded by Statement on Auditing Standards No. 60, effective for audits of financial statements for periods beginning on or after January 1, 1989.] (See section 325.)

[fn *] [Footnote deleted, October 1993.]

Copyright © 2001, American Institute of Certified Public Accountants, Inc.