Notice—New PS 3400 Transition Tool
May-2024
Target Audience: All attest auditors
Effective date: Immediately
Prepared by: Audit Engagement Assistance (AEA)
Description of subject: The new “PS 3400 Illustrative Disclosures” tool has now been posted on the New Accounting Standards or Amendments page.
Impact on audit teams and accountants: This new tool is designed to assist audit teams in assessing whether their audit entity has met the presentation and disclosure requirements in PS 3400, Revenue. For more information about this tool, please refer to the announcement posted in our “Developments in standards” channel in MS Teams under “AEA-Communications”.
This tool is only relevant for teams auditing PSAS and GNPO entities.
Questions: Contact AEA