Below are amendments to QC sec. 20, System of Quality Control for a CPA Firm's Accounting and Auditing Practice, 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.

QC sec. 20 Amendments

  1. In the first sentence of paragraph .10, the reference to "AU section 220" is replaced with "AS 1005."

  2. In footnote 7 to paragraph .10, the reference to "AU section 220.02" is replaced with "AS 1005.02."

  3. In the last sentence of paragraph .18, the reference to "PCAOB Auditing Standard No. 7" is replaced with "AS 1220."