New toolkit will help small firms implement risk assessment standards.

The Private Companies Practice Section has developed an online toolkit to help members understand and implement Statements on Auditing Standards Nos. 104-111, the suite of risk assessment standards. SAS Nos. 104-111 are effective for audits performed on financial statements for periods beginning on or after Dec. 15, 2006.

The complete toolkit, accessible to PCPS member firms, is available at www.aicpa.org/pcps...