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Omnibus Statement on Auditing Standards 2019

Page 1 of 36 Statement on May 2019 Auditing Standards 135 Issued by the Auditing Standards Board Omnibus Statement on Auditing Standards 2019 (Amendments to Statement on Auditing Standards (SAS) No. 122, Statements on Auditing Standards : Clarification and Recodification, as amended, o section 210, Terms of Engagement; o section 240, Consideration of Fraud in a Financial Statement Audit; o section 260, The Auditor s Communication With Those Charged With Governance; o section 265, Communicating Internal Control Deficiencies Identified in an Audit; o section 315, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement; o section 330, Performing Audit Procedures in Responses to Assessed Risks and Evaluating the Audit Evidence Obtained; o section 510, Opening Balances Initial Audit Engagements, Including Reaudit Engagements; o section 550, Related Parties; o section 560, Subsequent Events and Subsequently Discovered Facts; Section 580, Written Representations.)

Page 3 of 36 Statement on Auditing Standards Omnibus Statement on Auditing Standards—2019 Boldface italic denotes new language. Deleted text is in strikethrough. Amendment to SAS No. 122, Section 260 1. AU-C section 260, The Auditor’s Communication With Those Charged With

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