The AICPA’s Auditing Standards Board (ASB) is requesting feedback on a proposed auditing standard that would amend its compliance audits standard (AU-C Section 935).
The standard addresses the application of generally accepted auditing standards to compliance audits. The exposure draft proposes to amend AU-C Section 935 to reflect the issuance of Statement on Auditing Standards (SAS) Nos. 142 and 145. Learn more.
If approved, the proposed amendment would go into effect for compliance audits for fiscal periods ending on or after Dec. 15, 2023, with one exception.
The ASB will accept comments on the proposal here through May 16.