The American Institute of CPAs has released new guidance in Q&A format on required supplementary information for audited financial statements.

Question and Answer (Q&A) section 9180.01 (AICPA Technical Questions and Answers) provides nonauthoritative guidance to auditors when required supplementary information accompanies financial statements subject to an audit, and the supplementary information extends to historical prior periods (back periods) in which the auditor did not perform an engagement that required independence. 

The guidance states that the auditor is not required, for purposes of complying with AU-C section 730, Required Supplementary Information (AICPA, Professional Standards), to be independent of the entity in back periods as long as the auditor’s opinion does not cover the required supplementary financial information.