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.

    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 April 15, 2014

    Letters of Comment on Exposure Draft of Proposed SAS, Amendment to AU-C Section 920

    Article Comment Letter # 1 - Legislative Audit Division Comment Letter # 2 - McGladrey Comment Letter # 3 - PricewaterhouseCoopers LLP Comment Letter # 4 - Deloitte & Touche LLP Comment Letter # 5 - BDO Comment Letter # 6 - PCPS
    Published on April 15, 2014

    Proposed Statement on Standards for Attestation Engagements, Subject-Matter Specific Attestation Standards Clarification...

    Exposure Draft This Proposed Statement on Standards for Attestation Engagements supersedes AT sections 301, 401, and 601 in AICPA Professional Standards; Comment period ends May 27, 2014.
    Published on March 24, 2014

    Proposed Statement on Standards for Attestation Engagements, Attestation Standards Clarification and Recodification

    Exposure Draft This Proposed Statement on Standards for Attestation Engagements supersedes AT sections 20, 50, 101, and 201 in AICPA Professional Standards; Comment period ends October 24, 2013.
    Published on March 24, 2014

    Proposed Amendment to AU-C 920 Supplementary Document

    Exposure Draft This supplementary document shows the proposed amendments to AU-C section 920, in Proposed SAS, Amendment to Statement on Auditing Standards No. 122, Statements on Auditing Standards: Clarification and Recodification, section 920, Letters for Underwriters and Certain Other Requesting Parties, as amended, in the context of the entirety of AU-C section
    Published on February 12, 2014

    Proposed Statement on Auditing Standards, Amendment to SAS No. 122 section 920, as Amended

    Exposure Draft Amends AU-C Section 920, Letters for Underwriters and Certain Other Requesting Parties, to further clarify the standard, help auditors in implementation, and avoid unintended changes to previous practice.
    Published on February 12, 2014

    Proposed Clarified Subject Matter Specific Attestation Standards Mapping Document (3 of 3)

    Exposure Draft This mapping document shows the disposition of the paragraphs in AT section 601 to chapter 7, “Compliance Attestation,” of the proposed SSAE, Subject-Matter Specific Attestation Standards: Clarification and Recodification
    Published on January 28, 2014

    Proposed Clarified Subject Matter Specific Attestation Standards Mapping Document (2 of 3)

    Exposure Draft This mapping document shows the disposition of the paragraphs in AT section 401 to chapter 6, “Reporting on Pro Forma Financial Information,” of the proposed SSAE, Subject-Matter Specific Attestation Standards: Clarification and Recodification.
    Published on January 28, 2014

    Proposed Clarified Subject Matter Specific Attestation Standards Mapping Document (1 of 3)

    Exposure Draft This mapping document shows the disposition of the paragraphs in AT section 301 to chapter 5, “Financial Forecasts and Projections,” of the proposed SSAE, Subject-Matter Specific Attestation Standards: Clarification and Recodification
    Published on January 28, 2014

    Proposed Statement on Standards for Accounting and Review Services, Framework for Performing and Reporting on Compilatio...

    Exposure Draft This exposure draft would supersede paragraphs .01 - 04 and .09 - .51 of AR section 60, Framework for Performing and Reporting on Compilation and Review Engagements [AICPA, Professional Standards].
    Published on November 25, 2013

    Proposed Statements on Standards for Accounting and Review Services Preparation of Financial Statements, Compilation Eng...

    Exposure Draft This exposure draft would supersede paragraphs .05–.06 of AR section 60, Framework for Performing and Reporting on Compilation and Review Engagements; AR section 80, Compilation of Financial Statements; AR section 110, Compilation of Specified Elements, Accounts, or Items of a Financial Statement; AR section 300, Compilation Reports on Financial Statements Included
    Published on October 22, 2013

    Letters of Comment on Exposure Draft of Proposed Statement on Auditing Standards, Using the Work of Internal Auditors

    Article Comment Letter # 1 - Maher Ghneim Comment Letter # 2 - Laura Lindal Comment Letter # 3 - Illinois CPA Society Comment Letter # 4 - Texas Society of Certified Public Accountants Comment Letter # 5 - National State Auditors Association Comment
    Published on September 09, 2013

    Comment Letter on SSARS 19 Peer Review Standards Exposure Draft by the Peer Review Committee of the Ohio CPA Society

    Comment Letter View or download the Comment Letter on SSARS 19 Peer Review Standards Exposure Draft by the Peer Review Committee of the Ohio CPA Society.
    Published on August 23, 2013

    Comment Letter on the SSARS 19 Peer Review Standards Exposure Draft by the Peer Review Committee of the North Carolina C...

    Comment Letter View or download the Comment Letter on the SSARS 19 Peer Review Standards Exposure Draft by the Peer Review Committee of the North Carolina CPA Society
    Published on August 23, 2013

    Comment Letter on the SSARS 19 Peer Review Standards Exposure Draft from the National Association of State Boards of Acc...

    Comment Letter View or download a Comment Letter on the SSARS 19 Peer Review Standards Exposure Draft from the National Association of State Boards of Accountancy
    Published on August 23, 2013

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