Status of Statement No. 56

Statement No. 56
Codification of the Accounting and Financial Reporting Guidance Contained in the AICPA Statements on Auditing Standards


Status

Issued: March 2009

Effective Date:

  • On issuance
Affects:

  • Amends NCGAS 5, ¶26
Affected by:

  • Footnote 1 superseded by GASBS 62, ¶55 and ¶56
  • Paragraphs 8–11 and fn3 amended by GASBS 63, ¶8
  • Paragraph 14 will be amended by GASBS 100, ¶4–¶13
Other Interpretive Literature:

  • GASBTB 2020-1 (Provides guidance on ¶8–¶12)
  • GASBIG 2017-1
Primary Codification Section Reference: 2250

Abbreviations for Accounting Pronouncements

GASBS - GASB Statements
GASBCS - GASB Concepts
GASBI - GASB Interpretations
GASBTB - GASB Technical Bulletins
GASBIG - GASB Implementation Guides		 NCGAS - NCGA Statements
NCGAI - NCGA Interpretations
AICPA SOP - AICPA Statements of Position
AICPA ASLGU - AICPA Audit Guide (1974)
BFC - Basis For Conclusions

STANDARDS & GUIDANCE

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