SAS 50 Section 625 Reports on the Application of Accounting Principles

There may be differing interpretations as to whether and, if so, how existing
accounting principles apply to new transactions and financial products.1
Management and others often consult with accountants on the application of
accounting principles to those transactions and products, or to increase their
knowledge of specific financial reporting issues.[2] Such consultations often provide
relevant information and insights not otherwise available. [As amended,
effective for written reports issued or oral advice provided on or after June 30,
2002, by Statement on Auditing Standards No. 97.