Below are amendments to AT sec. 301, Financial Forecasts and Projections, 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. 301 Amendments

  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 footnote 4 to paragraph .08e, the reference to "AU section 623" is replaced with "AS 3305."
  2. In footnote 12 to paragraph .23, the parenthetic reference to "AU section 9504.19–.22" is replaced with "paragraphs .19–.22 of AI 25, Association with Financial Statements: Auditing Interpretations of AS 3320."
  3. In paragraph .24:
    1. In footnote 13, the reference to "AU section 504, Association With Financial Statements" is replaced with "AS 3320, Association with Financial Statements."
    2. In footnote 14, the reference to "AU section 552" is replaced with "AS 3315."
  4. In paragraph .48:
    1. In footnote 23, the reference to "AU section 504" is replaced with "AS 3320."
    2. In footnote 24, the reference to "AU section 552" is replaced with "AS 3315."
  5. In footnote 26 to paragraph .52, the reference to "AU section 634" is replaced with "AS 6101."
  6. In paragraph .60:
    1. In footnote 29:
      1. In the first sentence, the reference to "AU section 550" is replaced with "AS 2710."
      2. In the second sentence:
        1. The reference to "AU section 550" is replaced with "AS 2710."
        2. The bracketed reference to "AU section 711, Filings Under Federal Securities Statutes" is replaced with "AS 4101, Responsibilities Regarding Filings Under Federal Securities Statutes."
    2. In the last sentence, the reference to "AU section 550" is replaced with "AS 2710."
  7. In the first sentence of footnote 5 to item 11d of paragraph .70, Appendix C, the reference to "AU section 722, Interim Financial Information, paragraphs .13 through .19" is replaced with "paragraphs .13 through .19 of AS 4105, Reviews of Interim Financial Information."