SAS 134, Technical Q&A

SAS 134, Technical Q&A

Happy Halloween! This short blog will address a new Technical Q&A that the AICPA issued regarding the proper reporting for comparative financial statements in the year of adoption of SAS 134. The effective date and the fact that you can’t early adopt, created some questions as to what the proper format would be in the year of adoption. The TQA offers two methods of presentation for auditors to choose between.