How Is SAS 134 Changing Auditor's Reports?

August 2022 In May 2019, AICPA issued Statement on Auditing Standards (SAS) 134, entitled Auditor Reporting and Amendments, including Amendments Addressing Disclosures in the Audit of Financial Statements. The statement modifies the guidelines for auditor’s reports in order to improve transparency and bring reports in line with standards maintained by other accounting oversight organizations. The following offers an overview of the changes made by SAS 134 and why they could be important. View the full article here.