Statement on Auditing Standards (SAS) No. 100 Interim Financial Information

Issue Date: November 2002
Effective Date: Effective for interim periods within fiscal years beginning after December 15, 2002. Earlier application of the provisions of the Statement are permitted.

SUMMARY

Statement on Auditing Standards (SAS) No. 100 Interim Financial Information, supersedes SAS No. 71 of the same name. It was issued to provide additional guidance on performing reviews of interim financial information and to incorporate the requirement of the Securities and Exchange Commission (SEC) for timely filings of interim financial information. The SAS also incorporates relevant recommendations of the Public Oversight Board's Panel on Audit Effectiveness in its August 31, 2000 document, Report and Recommendations, as well as recommendations of the AICPA's Professional Issues Task Force in Practice Alert 2000-4, "Quarterly Review Procedures for Public Companies."

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