Statements on Auditing Standards bring changes to not-for-profit audits

Jan 18, 2022 · 2 min read

SECTION

EXCLUSIVE

During 2019 and 2020, the Auditing Standards Board (ASB) issued new Statements on Auditing Standards (SASs) Nos. 134-141. In general, the new standards are effective for audits of financial statements for periods ending on or after December 15, 2021 (calendar year-end 2021 and fiscal year-end 2022 financial statements). Refer to each individual standard for specific effective date language. Early implementation is permitted, and the ASB recommends that these SASs be implemented at the same time. The new standards are codified

Reserved for NFP Section members and NFP Subscribers

Already an NFP Section member or NFP Subscriber?

Log in with your AICPA account

Not an NFP Section member or NFP Subscriber?

Discover the benefits of AICPA membership, Not-for-Profit Section member, NFP Subscriber. To gain access to exclusive content, your first step is to join the AICPA.

Learn more about Not-for-Profit Section member