AICPA Issues New Q&A Section and Interpretation

The AICPA has issued Q&A Section 8100.04, Reporting Guidance Upon Initial Implementation of Statement on Auditing Standards No. 134, as Amended. In addition, the AICPA’s Auditing Standards Board has released an interpretation, Forming an Opinion and Reporting on Financial Statements: Auditing Interpretations of AU-C Section 700A.

For more information, see Section 8100.04 and the interpretation on the AICPA’s Web site.