JICPA issues revised Auditing and Assurance Practice Committee Statement No.82 "Practical Guidance for Audits of Internal Control over Financial Reporting"
JICPA published, on June 15, 2012, revised Auditing and Assurance Practice Committee Statement No. 82 “Practical Guidance for Audits of Internal Control over Financial Reporting."
It includes, among others, the following revisions that have been made, after careful consideration of the changes resulting from the publication of the redrafted Auditing Standards Committee Statements in December 2011.
・ Those items that auditors shall request to management to be included in written representations for integrating internal control audits with financial statement audits have been classified into two categories, “Financial Statements and Reporting on Internal Control" and "Information Provided."
・Responses to be made by auditors have been clarified, especially for a case when items requested by auditors in written representations are not confirmed by management.