The At a Glance about SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, summarizes how SAS No. 134 creates AU-C section 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and supersedes the following AU-C sections in AICPA Professional Standards:
Section 700, Forming an Opinion and Reporting on Financial Statements
Section 705, Modifications to the Opinion in the Independent Auditor’s Report
Section 706, Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs