You are a junior accountant at a small accounting firm. A partner of the firm has asked you to communicate the new SAS 112 (Statement of Accounting Standards [Rules auditors have to follow]) regulation to certain groups and how this change would affect them. He has asked you to create and submit a package of materials that includes the following components:
Write a memo to your supervisor describing the challenges of communicating accounting changes effectively with different groups that would be affected by that change. What problems may occur from poor communication?
Look at the following link for information on the impact of SAS 112 for accounting auditors: http://gaqc.aicpa.org/Resources/Impact+of+SAS+112+on+Governmental+Financial+Audits+Conference+Call.htm
This solution gives you a detailed discussion of 578 words on SAS 112 and implementing accounting changes in general.