The AICPA’s Auditing Standards Board issued an exposure draft of a proposed SAS and proposed SSAE titled Amendments to the Description of the Concept of Materiality. When effective, the proposed amendments would impact the description of when misstatements are considered material, adding consistency to the description of materiality. In fact, the proposal would align the concept of materiality in the AICPA Professional Standards with the definition of materiality used by the PCAOB, SEC, FASB, and the U.S. judicial system. The amendments are not expected to significantly affect practice in the United States. Feedback is due by August 5, 2019.