Defining Professional Requirements in Statements on Auditing Standards – SAS No. 102

This Statement on Auditing Standards (SAS) sets forth the meaning of certain terms used in SASs issued by the Auditing Standards Board in describing the professional requirements imposed on auditors. The provisions of this Statement are effective upon issuance.

(Adds AU section 120, Defining Professional Requirements in Statements on Auditing Standards, AICPA, Professional Standards, vol. 1, and amends Statement on Auditing Standards No. 95, Generally Accepted Auditing Standards, AICPA, Professional Standards, vol. 1, AU sec. 150.)