Jones, CPA has audited the financial statements of Whiskey Corporation $($the Company$)$ for the years $2010-2022.$ For each of those years, Jones, CPA has prepared the Company$$s financial statements at the request of the Company$$s CFO. The CFO is an experienced CPA, and each year has agreed in writing to: $(1)$ take responsibility for the financial statements; and $(2)$ oversee and review the preparation process. This documentation is included in the audit files for the $2022.$ A portion of the audit report issued on the $2022$ financial statements follows. Similar reports were issued for each of the years $2010-2021.$

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Basis for Opinion

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We conducted our audit in accordance with auditing standards generally accepted in the United States of America $($GAAS$).$ Our responsibilities under those standards are further described in the Auditor$$s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Whiskey Corporation and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

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Over audit planning meeting lunch, the CFO tells you, in the strictest of confidence, that the Company has been sold to an SEC registrant and that the $2023$ financial statements $($at the request of the acquirer$)$ will need to be audited in accordance with $$something my contact there called the PCAOB$.$I guess y$$all do that all time.$$He gave me this; looks like the same thing just a lot wordier.$$

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Basis for Opinion

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We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

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On the drive back to the office, you are thinking about this discussion, and you seem to remember something from a recent CPE program, about non$-$attest services.

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Required

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How will this news impact Jones, CPA$$s ability to prepare or assist in preparation of the Company$$s financial statements? Will there need to be something extra added to that file documentation you have always used?

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