Background

ASEC established the XBRL Assurance Task Force to develop guidance that will assist CPAs in public practice who are requested to provide assurance on XBRL-related documents. The task force is focused on: 

• Developing practice guidance that will assist CPAs in applying existing standards to information reported in XBRL format (i.e., new applications of existing standards);

• Recommending, where deemed necessary and appropriate, to the appropriate standard setting bodies changes to existing standards and/or the development of new standards; and
• Collaborating with key stakeholders such as SEC, PCAOB, ASB, ASEC, CAQ PPEC, XBRL US, and the International Assurance Working Group.

Works of the Tax Force

• Principles and Criteria for XBRL-Formatted Information
• XBRL Update - Observations and Recommendations for XBRL Implementations for SEC Reporting in the US
• SOP 09-1, “Performing Agreed-Upon Procedures Engagements That Address the Completeness, Accuracy, or Consistency of XBRL-Tagged Data”.

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