The executive summary of Statement on Auditing Standards (SAS) No. 149, Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors and Audits of Referred-to Auditors), and Statement on Quality Management Standards (SQMS) No. 3, Amendments to QM Sections 10, A Firm’s System of Quality Management, and 20, Engagement Quality Reviews, summarizes the changes to the group audits standard. The most significant change introduced by SAS No. 149 is that it provides a risk-based
Resources
Executive summary of SAS No. 149 and SQMS No. 3
Feb 12, 2026 · 200.9 KB Download
FREE ACCOUNT
ACCESS
Resource available
Download the full text of SAS No. 149 and SQMS No. 3 executive summary
File name: sas-149-sqms-3-exec-summ.pdf
Already a member?
Log in with your account
Not a member?
To gain access to exclusive content, your first step is to join the AICPA & CIMA.