The AICPA’s Statement on Auditing Standards (SAS) No. 146 brings a significant shift in quality management practices for individual audit engagements. Like SQMS No. 1, which establishes quality management at the firm level, SAS 146 applies these standards directly to each engagement, strengthening the integrity and reliability of audits. With an effective date for periods beginning on or after December 15, 2025, it’s essential for CPA firms to understand how this standard will shape audit quality. Here are five key points about SAS 146, highlighting its critical role and the steps firms should consider. Click here to watch.
