SAS 109: The Renaissance or the Demise of the Accounting Profession

23 Pages Posted: 17 Mar 2010

See all articles by Vicki Taliaferro

Vicki Taliaferro

Texas Woman's University

John H. Nugent

Texas Woman's University - College of Business; Texas Woman's University College of Business

Date Written: February 28, 2010

Abstract

This paper summarizes the standards and guidance provided by the Statement on Auditing Standard No. 109 (SAS 109), describes the background against which it was drafted, and presents certain issues resulting from the commencement of SAS 109 which are not specific to the review and measure of the financial statements themselves which could ultimately lead to the renaissance of the accounting profession.

Keywords: SAS 109, AU 314, audit risk, risk assessment suite

Suggested Citation

Taliaferro, Vicki and Nugent, John H., SAS 109: The Renaissance or the Demise of the Accounting Profession (February 28, 2010). Available at SSRN: https://ssrn.com/abstract=1569925 or http://dx.doi.org/10.2139/ssrn.1569925

Vicki Taliaferro (Contact Author)

Texas Woman's University ( email )

304 Administration Drive
Denton, TX 76204
United States

John H. Nugent

Texas Woman's University - College of Business ( email )

Denton, TX
United States
214-682-8025 (Phone)

Texas Woman's University College of Business ( email )

Denton, TX
United States
214-682-8025 (Phone)

HOME PAGE: http://www.twu.edu

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