AU-C identifier retained indefinitely


The “AU-C” section identifier will be retained indefinitely for clarified auditing standards developed by the AICPA Auditing Standards Board.

Established for the clarified auditing standards to avoid confusion with references to the “AU” sections in AICPA Professional Standards, the AU-C identifier had been scheduled to revert to the AU identifier at the end of 2013, by which time the previous AU sections would be superseded for all engagements.

But the AU-C identifier now will be retained indefinitely in response to user requests. The superseded AU sections still are scheduled to be deleted from AICPA Professional Standards at the end of the year.

Where to find September’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

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