Below are amendments to AT sec. 401, Reporting on Pro Forma Financial Information, related to the Public Company Accounting Oversight Board's reorganization of its auditing standards. (See PCAOB Release No. 2015-002.) The amendments were approved by the U.S. Securities and Exchange Commission ("SEC") on September 17, 2015, and are effective as of December 31, 2016. The current standard can be found here.

AT sec. 401 Amendments

  1. In footnote 1 to paragraph .01:
    1. In the first sentence, the reference to "AU section 634, Letters for Underwriters and Certain Other Requesting Parties, paragraphs .03 through .05" is replaced with "Paragraphs .03 through .05 of AS 6101, Letters for Underwriters and Certain Other Requesting Parties."
    2. In the last sentence, the reference to "AU section 634.03" is replaced with "AS 6101.03."
  1. The following note is added at the end of paragraph .01:

Note: In connection with an engagement performed in accordance with this attestation standard, whenever the practitioner is required to make reference in a report to attestation standards established by the American Institute of Certified Public Accountants, the practitioner must instead refer to "the standards of the Public Company Accounting Oversight Board (United States)." A practitioner must also include the city and state (or city and country, in the case of non-U.S. practitioners) from which the practitioner's report has been issued.

  1. In paragraph .02, the reference to "AU section 550, Other Information in Documents Containing Audited Financial Statements, and AU section 711, Filings Under Federal Securities Statutes" is replaced with "AS 2710, Other Information in Documents Containing Audited Financial Statements, and AS 4101, Responsibilities Regarding Filings Under Federal Securities Statutes."
  2. In footnote 2 to paragraph .03:
    1. In the second sentence, the reference to "AU section 560, Subsequent Events, paragraph .05" is replaced with "paragraph .05 of AS 2801, Subsequent Events."
    2. In the last sentence, the reference to "AU section 508, Reports on Audited Financial Statements, paragraph .28" is replaced with "paragraph .28 of AS 3101, Reports on Audited Financial Statements."
  3. In the second sentence of footnote 5 to paragraph .07b, the reference to "AU section 722, Interim Financial Information" is replaced with "AS 4105, Reviews of Interim Financial Information."