ASB Issues Additional Proposed Clarified SSAE on Attestation Engagements
    The Auditing Standards Board has issued a second exposure draft resulting from the Attest Clarity Project. Among other things, Proposed Statement on Standards for Attestation Engagements Subject-Matter Specific Attestation Standards: Clarification and Recodification builds on the general attestation standards in proposed SSAE Attestation Standards: Clarification and Recodification. The proposed SSAE restructures the content of AT section 301, Financial Forecasts and Projections, AT section 401, Reporting on Pro Forma Financial Information, and AT section 601, Compliance Attestation (AICPA, Professional Standards). The proposed SSAE specifically requests readers to consider whether this revised structure facilitates understanding and implementing the standards. The proposed SSAE would also supersede those AT sections. Comments are due May 27.
    10 Tips to Help in Your Next SOC 1 Engagement
    A new white paper, “Top 10 Tips for CPAs Performing a Service Organization Control Engagement,” offers initial guidance to address matters that may arise when performing SOC engagements. Additional information about the requirements and application guidance for performing these engagements is provided in the professional standards, and interpretive guidance is identified in the overview of SOC 1, 2 and 3 engagements.
    Live Facebook Chat: Top Pitfalls to Avoid When Upgrading Your Accounting Software
    Deciding on the best accounting software is risky. You have to plan for ineffective project management, budget overruns, business interruption and the unknown. Join IMTA Executive Committee Member Bob Green, CPA, CITP, for an AICPA live Facebook chat 1 to 2 p.m. ET on Feb. 11 about “Accounting software upgrades: Tips for success and pitfalls to avoid.” Learn the tips to mitigate some of the common risks you’re sure to face.

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    Anthony Pugliese and Lawson Carmichael, chairs of the AICPA’s Future of Learning Task Force, explore the state of education for CPAs, argue the case for change and encourage key leaders to provide input on this topic critical to the future of the profession. Please take a couple of minutes to complete a short survey on the Future of Learning.

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