New Audit Reporting Standards – SAS Nos. 134-135
The objective of this course is to address the new auditor reporting standards issued by the Auditing Standards Board as SAS No. 134-135.

Topics include an overview of the new auditor’s report found in SAS No. 134’s AU-C 700A, including the new report’s format, positioning of sections within the report, title, headings, and expanded language; and, amendments made to various reporting standards by SAS No. 135.

Course Publication Date: March 30, 2020

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $50.00!

Author:Steven Fustolo
Course No:AUD-SAS3435-6159
Recommended CPE:5.00
Delivery Method:QAS Self Study
Level of Knowledge:Overview
Prerequisites:General understanding of U.S. auditing standards
Advanced Preparation:None
Recommended Field of Study:Auditing
Learning Objectives
  • Identify the types of audit reports that can be issued under new AU-C 700A.
  • Identify the definition of a written report.
  • Recognize an acceptable title for an auditor’s report.
  • Recognize the order in which certain sections of the new auditor’s report should be presented in AU-C 700A.
  • Recall how an auditor should report when conducting an audit in accordance with PCAOB standards.
  • Recognize the requirements and limitations with respect to communicating on key audit matters in accordance with new AU-C 701.
  • Identify examples of acceptable and unacceptable headings to use in modified reports under new ASU 706-A.
  • Recognize the order in which certain sections of a modified opinion should be presented in the new auditor’s report in AU-C 705A.
  • Recognize examples of modified opinions as defined in AU-C 705A.
  • Identify examples of situations in which an auditor must or may include an emphasis-or-matter or other-matter paragraph as required by new AU-C 706A.
  • Recall examples of fraud risk factors expanded by SAS No. 135.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Sponsor Number: 109423


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