- NY Credits : 1.0
- TX Credits : 1.0
SAS 134's release will impact audit reports of governments, including the Yellow Book and Single Audits. Jennifer Louis will begin this segment by examining the changes made related to forming an unmodified opinion and reporting on financial statements. She will then look at what the auditor should consider when determining whether a fair presentation has been achieved in the financial statements. Jennifer will close the program with a discussion of the reports that are required to accompany the financial statement audit report and a Single Audit engagement.
Upon successful completion of this course, the user should be able to:
recognize why SAS 134 was released;
identify the reporting impact for Yellow Book and Single Audits; and
identify the effective date.