AICPA Postpones Effective Dates of Certain Standards

During an open meeting, the AICPA’s Auditing Standards Board decided to defer the effective dates of seven Statements on Auditing Standards (SASs) as a result of the COVID-19 pandemic. SASs 134–140 will be deferred for one year and are effective for audits of calendar-year-end 2021 financial statements.

For more information, see SAS 141, Amendment to the Effective Dates of SAS Nos. 134–140, on the AICPA's Web site.