To create consistency with the revised auditor reporting model supported by the Public Company Accounting Oversight Board (PCAOB).Converge GAAS with the auditor reporting standards promulgated by the International Auditing and Assurance Standards Board (IAASB).The standard is effective for reporting periods ending on or after December 15, 2021. This new standard makes fundamental changes in the layout of the audit report as well as the information required to be presented in all auditor reports issued under generally accepted auditing standards (GAAS). 134, Auditor Reporting and Amendments, including Amendments Addressing Disclosures in the Audit of Financial Statements. You may remember in 2019, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued Statement on Auditing Standards (SAS) No. For calendar year-end entities, the look and feel of your December 31, 2021, audit report will be changing dramatically.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |