Assurance and Advisory
CPAs are constantly challenged to stay relevant and competitive. Services provided by CPAs on subject matter other than historical financial statements add significant value in the marketplace. The information and resources here will help you keep abreast of new and emerging reporting and assurance needs and will provide you with the needed measurement criteria, guidance, tools, education and other support to help you embrace new service opportunities.
System and Organization Controls (SOC)
Guidance on SOC Suite of Services.
Guidance on the assurance of XBRL-related documents.
Audit Data Analytics
Guidance and tools to help facilitate the use of audit data analytics.
Emerging Opportunities for Your A&A Practice
The profession, marketplace, and world are undergoing extraordinary change. The AICPA is preparing its members for new assurance and advisory services that capitalize on latest technologiesMore on AICPA TV
Invitation to comment: The AICPA is consulting on its progress in developing nonauthoritative guidance on materiality considerations for attestation engagements involving aspects of subject matters that cannot be quantitatively measured such as system and organization control (SOC) examinations, examinations or reviews of sustainability information, and examinations or reviews of compliance with contractual or other requirements. Comments requested no later than October 31, 2019.
Trust Services and Information Integrity
The Trust Services Criteria (TSC) are control criteria for use in attestation or consulting engagements to evaluate and report on controls over the security, availability, processing integrity, confidentiality, or privacy over information and systems (a) across an entire entity; (b) at a subsidiary, division, or operating unit level; (c) within a function relevant to the entity's operational, reporting, or compliance objectives; or (d) for a particular type of information used by the entity.
ASEC Trust Information Integrity Task Force is responsible for the Trust Service Criteria (TSC), including the technical accuracy, expanding its scope for entity-wide engagements, and developing related services that leverage the TSC.
Additionally, the ASEC Trust Information Integrity Task Force is exposing for public comment, new criteria to measure the integrity of a set of data. The proposed criteria can be used to assist senior management, board of directors, internal auditors and other stakeholder in assessing a set of data used in decision making. The proposed criteria can also be used by a CPA in attestation or consulting engagements on the integrity of a set of data. The comment period, for this exposure draft, is 60 days. Please send comments directly to Diana Krupica (email@example.com) by July 9, 2018. Click to access the exposure draft: Criteria for Evaluating the Integrity of a Set of Data.
Assurance Implications of Blockchain
Blockchain is a shared distributed ledger system on which information about all virtual currency transactions, contracts or assets are recorded and made publicly available. Blockchain technology allows for peer to peer network transactions to occur without an intermediary, in a transparent, immutable environment. As the technology evolves, more businesses may prefer to transact over the blockchain.
The AICPA joined with CPA Canada and the University of Waterloo to explore the implications of blockchain technology on the future of audit and assurance. The Audit & Assurance Alert - Blockchain Technology and Its Potential Impact on the Audit and Assurance Profession explores the impact of blockchain technology on the financial statement audit and potential future roles for CPAs in the blockchain echosystem.
A CPA's introduction to AI: From algorithms to deep learning
Learn the fundamentals of artificial intelligence (AI) in the first of a planned series of publications to explore AI and its impact on the CPA profession.
The AICPA and CPA Canada has issued this publication, A CPA's Introduction to AI: From algorithms to deep learning, what you need to know, as a foundational resource for all CPAs. It explains the AI "buzzwords" and terms you have likely been hearing (e.g. machine learning, deep learning, robotic process automation, computer vision, etc.), discusses the evolution of data, AI and computing power, and helps you to begin learning about AI and how it might impact your work.
Assurance Services Executive Committee and Task Forces
The Assurance Services Executive Committee (ASEC) addresses the needs of members by continually anticipating, identifying, assessing, and addressing evolving market needs and demand for assurance and advisory solutions.
ASEC and its related Task Forces create thought leadership, guidance and criteria, tools, and other member support on various topics. Visit the Committee page or the individual Task Force pages for more information.