The Private Companies Practice Section (PCPS) of the American Institute of CPAs has developed an online toolkit designed to help members understand and implement Statement on Auditing Standards (SAS) No. 112.
SAS No. 112, "Communication of Internal Control Related Matters Identified in an Audit," is effective for audits performed on or after Dec. 15, 2006.
The complete toolkit, accessible to PCPS Member Firms, is available at www.pcps.org. It includes talking points, a newsletter template and a client communication letter, among other resources.