Exposure Drafts 

Auditing and Attestation
The Auditing Standards Board (ASB) develops and issues standards in the form of Statements on Auditing Standards, Statements on Standards for Attestation Engagements, and Statements on Quality Control Standards. The ASB utilizes a process that includes deliberation in meetings open to the public, public exposure of proposed statements, and a formal vote. The Accounting and Review Services Committee (ARSC) also develops and issues Statements on Standards for Attestation Engagements through the same process. Exposure drafts of these statements are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard. A public file containing drafts of proposed pronouncements, comment letters received during public exposure periods, and summaries of research data are retained for 10 years for public reference.

Preparation, Compilation and Review
The Accounting and Review Services Committee (ARSC) develops and issues standards in the form of Statements on Standards for Accounting and Review Services. The ARSC utilizes a process that includes deliberation in meetings open to the public, public exposure of proposed statements, and a formal vote. Exposure drafts of these statements are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard. A public file containing drafts of proposed pronouncements, comment letters received during public exposure periods, and summaries of research data are retained for 10 years for public reference.

Peer Review
The AICPA Peer Review Board (PRB) is responsible for developing and issuing the AICPA Standards for Performing and Reporting on Peer Reviews (Standards) and Interpretations to the Standards and for monitoring those standards and making revisions as needed. The PRB utilizes a process that includes deliberation in meetings open to the public, public exposure of proposed standards and a formal vote. Exposure Drafts of these Standards are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard.

Personal Financial Planning
The Personal Financial Planning Executive Committee (PFP EC) is responsible for developing, issuing, monitoring and revising as needed the AICPA Statement on Standards in Personal Financial Planning Services and interpretations of those standards. The PFP EC utilizes a process that includes deliberation in meetings open to the public, when deemed to be beneficial to the process, public exposure of proposed standards, and a formal vote. Exposure drafts of these standards are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard.

Professional Ethics
The Professional Ethics Executive Committee (PEEC) is responsible for promulgating new ethics interpretations and rulings, and for monitoring those standards and making revisions as needed. The PEEC utilizes a process that includes deliberation in meetings open to the public, public exposure of proposed standards, and a formal vote. Exposure Drafts are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard. Once adopted, the standard becomes effective the last day of the month in which the standard is published in The Journal of Accountancy, unless stated otherwise.

Tax
The Tax Executive Committee (TEC) is responsible for developing and issuing the AICPA Statements on Standards for Tax Services and interpretations of those standards and for monitoring those standards and interpretations and making revisions as needed. The TEC utilizes a process that includes deliberation in meetings open to the public, public exposure of proposed standards and interpretations, and a formal vote. Exposure Drafts of these standards and interpretations are issued by the AICPA to invite public comment before a final pronouncement is issued. The public exposure time varies depending on the complexity of the issue and the circumstances surrounding the need for a new standard or interpretation.

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Exposure Drafts of Proposed SASs, SSAEs, and SQCSs

Exposure Draft Auditing Standards Board Exposure Drafts of Proposed Statements.
Published on July 27, 2016

Letters of Comment on Exposure Draft of Proposed Statement on Auditing Standards-The Auditors Consideration of an Entity...

Comment Letter Comment Letter #1-Laura Lindal
Published on July 25, 2016

Proposed Statement on Auditing Standards Auditor Involvement With Exempt Offering Documents

Exposure Draft This exposure draft proposes specific performance requirements when the auditor is involved with an exempt offering. Although an auditor is not required to become involved in an offering document except when the benchmarks defining involvement are met, auditors are not precluded from becoming voluntarily involved with an offering document in
Published on July 13, 2016

Supplementary file to Proposed SAS on Going Concern

Exposure Draft This matrix compares International Standard on Auditing 570 (Revised), Going Concern; the proposed SAS; and SAS No. 126, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (Redrafted) (AICPA, Professional Standards, AU-C sec. 570).
Published on July 12, 2016

Proposed SSARS, Amendment to SSARS No. 21 Section 90

Exposure Draft The proposed SSARS will amend AR-C section 90, Review of Financial Statements (AICPA, Professional Standards), to revise paragraphs .05, .81–.82 and .A128–.A131 and add paragraphs .A10–.A11.
Published on July 06, 2016

Proposed Statement on Auditing Standards The Auditors Consideration of an Entitys Ability to Continue as a Going Concern

Exposure Draft Proposed standard would supersede SAS No. 126 of the same title (AICPA, Professional Standards, AU-sec. 570), amend various sections of SAS No. 122, and become effective for audits of financial statements for periods ending on or after December 15, 2017 and for interim periods beginning thereafter.
Published on July 05, 2016

Exposure Draft - Allowing Firms With No AICPA Members to Enroll in the Peer Review Program

Exposure Draft Proposed changes would allow firms with no AICPA members to enroll in the AICPA Peer Review Program, expand the availability of administration by the National Peer Review Committee, and include other minor changes. This exposure draft solicits input on the proposal from all interested parties.
Published on May 23, 2016

Peer Review Exposure Drafts

Overview View or download pdf files of exposure drafts and comment letters related to proposed revisions to AICPA Peer Review standards and interpretations.
Published on May 23, 2016

Letters of Comment on Exposure Draft of Proposed SSARSs Addressing Compilations of Prospective and Pro Forma Financial I...

Overview Comment Letter #1 - Sergio Felipe Mercado P. Comment Letter #2 - Texas Society of Certified Public Accountants Comment Letter #3 - RSM US LLP Comment Letter #4 - New Jersey Society of Certified Public Accountants Comment Letter
Published on May 17, 2016

Improving Transparency and Effectiveness of Peer Review Exposure Draft Comment Letters

Exposure Draft Download a pdf file of the Improving Transparency and Effectiveness of Peer Review Exposure Draft comment letters.
Published on March 01, 2016

Exposure Drafts

Exposure Draft Auditing and Attestation The Auditing Standards Board (ASB) develops and issues standards in the form of Statements on Auditing Standards, Statements on Standards for Attestation Engagements, and Statements on Quality Control Standards. The ASB utili
Published on February 17, 2016

Exposure Drafts of Proposed Statements on Standards for Accounting and Review Services

Exposure Draft Exposure Drafts of Proposed Statements on Standards for Accounting and Review Services (SSARS).
Published on December 09, 2015

Proposed Statements on Standards for Accounting and Review Services Compilation of Prospective Financial Information Com...

Exposure Draft This exposure draft contains three proposed Statements on Standards for Accounting and Review Services: Compilation of Prospective Financial Information; Compilation of Prospective Financial Information; and Omnibus Statement on Standards for Accounting and Review Services—2016. The comment period ends May 6, 2016.
Published on December 09, 2015

Peer Review November 2015 Exposure Draft Improving Transparency and Effectiveness of Peer Review

Exposure Draft Download a pdf file of the Peer Review November 2015 Exposure Draft: Improving Transparency and Effectiveness of Peer Review
Published on November 19, 2015

QCM/CPE Peer Review Standards Exposure Draft Comment Letters Received

Comment Letters Download any of the comment letters received in response to the QCM/CPE Exposure Draft of the AICPA Standards for Performing and Reporting on Peer Reviews.
Published on November 11, 2015

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