The following opinion letter template is intended to assist not-for-profit financial statement auditors. This sample report has been updated to reflect new reporting standards established by AICPA Statements on Auditing Standards (SAS) Nos. SAS Nos. 134 through 140.
Read about the new standards and key changes from a not-for-profit audit perspective.
Note that SAS No 141 delayed the effective date of these reporting standards to audits of financial statements for periods ending on or after December 31, 2021. Early implementation