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March 6, 2020Oklahoma State Auditor and Inspector 2300 N. Lincoln Blvd., Room 123 Oklahoma City, OK 73105 Accompanying this submission, please find attached SARI Form 2643 that was prepared in accordance with
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AR-C section 70 is needed by individuals, organizations, or businesses that are required to provide certain financial information or disclosures. This may include auditors, accountants, financial institutions, government agencies, or any other entity responsible for reporting and compliance with accounting regulations. The specific need for AR-C section 70 may vary depending on the jurisdiction and the nature of the financial transactions involved.
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AR-C Section 70 deals with the accountant's responsibility to read and consider the other information in documents containing audited financial statements.
Accountants who are engaged to perform an audit in accordance with AR-C Section 70 are required to file.
To fill out AR-C Section 70, the accountant must read and consider the other information in documents containing audited financial statements and perform the necessary procedures as outlined in the standard.
The purpose of AR-C Section 70 is to ensure that the accountant considers other information included with audited financial statements that could impact the auditor's report.
The accountant must report on whether the information appears to be materially inconsistent with the financial statements or the auditor's knowledge obtained in the audit.
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