Issued by the Auditing Standards Board
American Institute of Certified Public Accountants
Amendment to Statement on
Auditing Standards No. 58,
Reports on Audited
( Amends Statement on Auditing Standards No. 58, AICPA, Professional
Standards, vol. 1, AU sec. 508.)
1. This Statement amends Statement on Auditing Standards ( SAS)
No. 58, Reports on Audited Financial Statements, to eliminate the
requirement that, when certain criteria are met, the auditor add an
uncertainties explanatory paragraph to the auditor's report. It also clarifies
and reorganizes the guidance in SAS No. 58 concerning emphasis
paragraphs, uncertainties, and disclaimers of opinion. This Statement is
effective for reports issued or reissued on or after February 29, 1996.
Earlier application of the provisions of this Statement is permissible.
Copyright © 1995 by
American Institute of Certified Public Accountants, Inc.,
New York, NY 10036- 8775
All rights reserved. Requests for permission to make copies
of any part of this work should be mailed to Permissions Department, AICPA,
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