AUD

Reference (Area, Group, Topic)Description of Change
V.B.6
- Change “generally accepted accounting principles (GAAP) or other comprehensive basis of accounting (OCBOA)” to “the applicable financial reporting framework.”  
- V.B.6 should read, “Consider departures from the applicable financial reporting framework.”
ReferencesChange “Office of Management and Budget (OMB) Circular A-133” to “Office of Management and Budget (OMB) Audit Requirements for Federal Awards (2 CFR 200).”

        BEC: No changes

        FAR

Reference (Area, Group, Topic)Description of Change
III.H.0
Removed “Extraordinary and Unusual Items” and replaced it with “Going Concern”
Note: Unusual items will continue to be eligible for testing under I.C.2, “Income
statement / Statement of profit or loss”

        REG

Reference (Area, Group, Topic)Description of Change
III.G.1Add Topic – “General concepts of state and local tax (non-state specific – for example – nexus and apportionment)”
III.G.2Add Topic – “U.S. taxation of multinational transactions”