Statement of Auditing Standards (SAS) 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, rewrote AU-C 315, with the same title, and made substantial changes which we have covered in previous reports. The amendments in SAS 145 were effective for audits for periods ending on or after December 15, 2023. Accordingly, as calendar year 2023 engagements have started to be examined in peer review, we can now report on the initial findings in Matters for
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Risk Assessment: SAS 145 Peer Review MFCs -- Part I
Aug 20, 2025 · 1 min read
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Download the CPEA Report - August 2025 - Risk Assessment SAS 145 Peer Review MFCs -- Part I
File name: CPEA Report - August 2025 - Risk Assessment SAS 145 Peer Review MFCs -- Part I.pdf
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