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It’s time for auditors to scrutinize new standards issued in May by the Auditing Standards Board (ASB) that will significantly impact auditor reports issued under Generally Accepted Auditing Standards (GAAS) for nonpublic companies. A closer look now will help auditors prepare for client discussions, as 2020 reports are quickly approaching.
Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer.... More by Maria L. Murphy
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