Resulting from its Clarity Project, the AICPA Auditing Standards Board (ASB) issued SAS No. 125, Alert That Restricts the Use of the Auditor’s Written Communication.
SAS No. 125:
Supersedes AU section 532 and AU-C section 905, Restricting the Use of an Auditor’s Report, in AICPA Professional Standards.
Addresses the auditor’s responsibility, when required or the auditor decides, to include in the auditor’s report or other written communication issued by the auditor in connection with an engagement conducted