AICPA Adopts Changes to Auditor’s Report

Creator(s)

Ashley Bentley, East Tennessee State UniversityFollow

Document Type

Article

Publication Date

5-2022

Description

Throughout 2019 and 2020, the AICPA’s Auditing Standards Board (ASB) issued a collection of seven new auditing standards. Due to the coronavirus pandemic, the original effective date of the guidance was deferred. All seven standards went into effect in 2021. The new requirements build on the AICPA’s continuous effort to improve audit quality and promote audit consistency between public and private companies. Many of the provisions of the new standards are closely aligned with previously issued standards by the PCAOB and IAASB. Statement on Auditing Standards (SASs) Nos. 134-140 impact several aspects of the audit, including the concept of materiality, communication to those charged with governance and reporting on employee benefit plan financial statements [...]

Copyright Statement

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Originally appeared in the Tennessee CPA Journal.

Citation Information

Bentley, Ashley, "AICPA Adopts Changes to Auditor’s Report" (2022). ETSU Faculty Works. 798.
https://dc.etsu.edu/etsu-works-2/798