AICPA Issues SAS 148
August 12, 2022
The AICPA’s Auditing Standards Board has published Statement on Auditing Standards (SAS) No. 148, Amendment to AU-C Section 935. Specifically, SAS 148 updates the appendix to AU-C Section 935, “AU-C Sections That Are Not Applicable to Compliance Audits,” and makes conforming changes to this standard in response to the issuance of SAS 142, Audit Evidence, and SAS 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement.