This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

Technical

Codification of Statements on Auditing Standards Logo aicpa

  $129.00 - 179.00 |   AICPA |   Jun 2019 |   AICPA Store

This edition delivers the current Statements on Auditing Standards (SASs) and related interpretations in a codified format, giving you the most up-to-date information you need to conduct successful audits and provide high-quality services to your clients.

This authoritative guidance, issued directly from the AICPA, is essential to fully understand the requirements associated with an audit. This edition includes the following new standard:

  • SAS No. 133, Auditor Involvement With Exempt Offering Documents

You'll find that this codification is fully indexed and arranged by subject. The codified standards and related interpretations are vital to practitioners performing audits.

Key Benefits

  • Topics are fully indexed and arranged by subject.

Updates

  • Issuance of SAS No. 133, Auditor Involvement With Exempt Offering Documents
  • Conforming changes due to the issuance of SAS No. 131, Amendment to Statement on Auditing Standards No. 122 Section 700, Forming an Opinion and Reporting on Financial Statements
  • Conforming changes due to the issuance of Standards for Attestation Engagements (SSAE) No. 18, Attestation Standards: Clarification and Recodification
  • Revisions to better reflect the AICPA Council Resolution designating the PCAOB to promulgate technical standards

Who Will Benefit?

  • Practitioners performing audits
Topics covered:
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Defined contribution plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Defined benefit plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Health & welfare plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: Multiemployer plans: Financial reporting, Intermediate
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Foundational
  • Employee benefit plan auditing: Technical: ESOPs: Financial reporting, Intermediate
  • Assurance: Technical: Audit: Authoritative guidance, Foundational
  • Assurance: Technical: Audit: Authoritative guidance, Intermediate
  • IT management & assurance: Technical: IT risk & assurance services, Foundational
  • IT management & assurance: Technical: IT risk & assurance services, Intermediate
Who Will Benefit?
  • Practitioners performing audits
Key Benefits
  • This codification is fully indexed and arranged by subject. The codified standards and related interpretations are vital to practitioners performing audits.

This 2019 edition delivers the current Statements on Auditing Standards (SASs) and related interpretations in a codified format, giving you the most up-to-date information, you need to conduct successful audits and provide high-quality services to your clients.

Issued directly from the AICPA, this authoritative guidance is essential to fully understand the requirements associated with an audit. This edition includes the following new standards:

  • SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements
  • SAS No. 135, Omnibus Statement on Auditing Standards—2019
  • SAS No. 134 is a suite of auditor reporting standards that includes a new AU-C section 701, Communicating Key Audit Matters in the Independent Auditor's Report, and replaces AU-C sections 700, 705, and 706.
  • SAS No. 134, which also amends various other AU-C sections, addresses the auditor's responsibility to form an opinion on the financial statements and the form and content of the auditor's report issued because of an audit of financial statements. It also addresses the auditor's responsibilities, and the form and content of the auditor's report, when the auditor concludes that a modification to the auditor's opinion on the financial statements is necessary, and when additional communications are necessary in the auditor's report.
  • SAS No. 135 is intended to more closely align ASB guidance with the PCAOB's standards by primarily amending AU-C section 260, Communications With Those Charged With Governance, AU-C section 550, Related Parties, and AU-C section 240, Consideration of Fraud in a Financial Statement Audit.

Updates:

  • Issuance of SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, and 135, Omnibus Statement on Auditing Standards—2019.
  • Amendments due to the effective date of SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern.
  • Other revisions due to the issuance of recent authoritative guidance

Comments/Reflections