MEMORANDUM

Memorandum

[Instructor's Name]Memorandum

Date: May 4, 2012

To: XYZ

From: XYZ

Subject: Accounting Standards (SAS 115) Regulations

The Statement on Auditing Standards No. 115 supersedes the Statement on Auditing Standards No. 112 and secures guidelines and furnishes direction on conveying matters identified with a substance's inside control over fiscal reporting distinguished in a review of finance related statements (www.aicpa.org).

SAS No. 115 combines much of what was delineated in SAS No. 112 as it gives direction to improve the examiner's capacity to assess inadequacies in inner control distinguished at the same time as a review, and afterward imparts those insufficiencies that the evaluator accepts are critical insufficiencies or material ...