The At a Glance about SAS No. 149 and SQMS No. 3 provides a high-level summary of the changes resulting from the issuance of these standards, including the following:
What has changed, including the most significant change that the new SAS introduces
New terms and definitions, including the new term referred-to auditor and the revised definition of the term component auditor
The document also provides the effective dates of the standards, which are available for auditors to read and consider