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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.
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American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Amendment to statement on auditing standards no. 58, Reports on audited financial statements; Statement on auditing standards, 079" (1995). Statements on Auditing Standards. 82.