SAS 115 (formerly SAS 112) is effective for fiscal year 2006/07. Although effective for this fiscal year, departments should not go back and create documents. Going forward, departments should be document all reviews as suggested in the checklist, if they haven’t been already.

SAS115-The Auditing Standards Board has issued a statement on Auditing Standards (SAS) No. 115, 'Communicating Internal Control Related Matters Identified in an Audit.' SAS No. 115 supersedes SAS No.112 of the same title and was issued to eliminate differences within AICPA’s Audit and Attest Standards resulting from the issuance of Statement on Standards for Attestation Engagements (SSAE) No. 15.