Status of Statement No. 56

Summaries / Status

Status of 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  • Footnote 1 superseded by GASBS 62, ¶55 and ¶56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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