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 31, 2017

Proposed SAS Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA

Exposure Draft Proposed SAS is specific to audits of financial statements of employee benefit plans subject to ERISA, and would be codified as AU-C section 703 in AICPA Professional Standards.
Published on April 20, 2017

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 March 24, 2017

Modifying Peer Review Report and Firm Representation Letter Exposure Draft Comment Letters

Exposure Draft Download a pdf file of the Modifying Peer Review Report and Firm Representation Letter Exposure Draft comment letters.
Published on October 28, 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 October 28, 2016

Letters of Comment on Exposure Draft of Proposed Statement on Auditing Standards, Auditor Involvement With Exempt Offeri...

Comment Letter Comment Letter #1-Piercy Bowler Taylor & Kern Comment Letter #2-National Association of State Boards of Accountancy Comment Letter #3-Tennessee Department of Audit-Division of State Audit Comment Letter #4-Commonwealth of
Published on October 27, 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 utilizes
Published on September 20, 2016

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

Comment Letters Download a pdf file of the Allowing Firms With No AICPA Members to Enroll in the Peer Review Program Exposure Draft comment letters.
Published on August 29, 2016

AICPA Peer Review Exposure Draft Modifying Peer Review Report and Firm Representation Letter

Exposure Draft Download a PDF file of the Peer Review Exposure Draft modifying the Peer Review Report and Firm Representation Letter.  The Exposure Draft was released on August 17, 2016.
Published on August 16, 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

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

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

Peer Reviewer Performance Exposure Draft Comment Letters

Comment Letters Download a pdf file of the Peer Reviewer Performance Exposure Draft Comment Letters.
Published on February 02, 2015

Preparation Services Exposure Draft Comment Letters

Comment Letters Download a pdf file of the Preparation Services Exposure Draft Comment Letters.
Published on February 02, 2015

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