Problem: You are a junior accountant at a small accounting firm. A partner of the firm has asked you to communicate the new Statement of Accounting Standards (SAS 115) regulation--rules auditors have to follow--to certain groups and to explain how this change would affect these groups. The partner has asked you to create and submit a package of materials
that includes the following components:
Research SAS 115 on accounting auditors from the American Institute of CPAs (AICPA) website.
Write a brief, 1 page internal memo for other accountants at the firm.