Did you know that …

Did you know that

SAS No.111 amends SAS No. 39 to enhance guidance relating the auditor’s judgment about establishing tolerable misstatement for a specific audit procedure and on the application of sampling to tests of controls.

and

SAS No. 111 amends SAS No. 39 to incorporate guidance from SAS No. 99, Consideration of Fraud in a Financial Statement Audit, and from SAS No. 110, Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained.

Yes, my day is just that exciting.