Proposed statement on auditing procedure : Reports on internal control based on criteria established by regulatory agencies;Reports on internal control based on criteria established by regulatory agencies; Exposure draft (American Institute of Certified Public Accountants), 1972, Sept. 26

Following the issuance of Statement on Auditing Procedure No. 49, Reports on Internal Control, some regulatory agencies* have commenced or completed audit guides, questionnaires, or other publications that set forth criteria for evaluation of the adequacy for their purposes of internal control procedures of organizations with which they are concerned. Other agencies have been encouraged to do so in Suggested Guidelines for the Structure and Content of Audit Guides Prepared by Federal Agencies for Use by CPAs which was issued by American Institute of CPAs Committee on Auditing for Federal Agencies in March 1972. The purpose of this Statement is to clarify and modify the application of paragraphs 28 and 32 of Statement on Auditing Procedure No. 49 to reports on internal control based on criteria established by regulatory agencies in reasonable detail and in terms susceptible to objective application. This Statement does not apply if such criteria have not been established.https://egrove.olemiss.edu/aicpa_sop/1348/thumbnail.jp