Overview of the new SASs

If you want to start looking at all those new SASs that will go into effect for our 2013 audits of 12-31-12 financial statements, the AICPA website has a page for the Clarity Project.

Two documents give an overview:

  • mapping current AU sections to the new SASs
  • summary of changed requirements from the current SASs to the Clarified SASs

You may be intimidated by the length of the summary.  It is 28 pages long.  I think the length of just the summarized changes should be a warning to us that we need to get started studying now.

Previous comments on the Clarity Project are here and here.

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