Clarified Statements on Standards for Attestation Engagements
To address concerns over the clarity, length, and complexity of its standards, the Auditing Standards Board (ASB) established clarity drafting conventions and undertook a project to redraft all the standards it issues in clarity format. These sections now reflect the ASB’s established clarity drafting conventions designed to make the standards easier to read, understand, and apply.
The redrafting of Statements on Standards for Attestation Engagements (SSAEs or attestation standards) in SSAE No. 18, Attestation Standards: Clarification and Recodification, issued in April 2016,represents the culmination of that process. SSAE No. 18 redrafts all SSAEs with the exception of SSAE No. 10 chapter 7 (retained as AT-C section 395 in unclarified format until further notice) and SSAE No. 15 (guidance moved to AU-C section 940 with the issuance of Statement on Auditing Standards No. 130).
As part of the clarification of the SSAEs, the AT section numbers as designated by SSAE Nos. 1-17 were recodified and "AT-C" was selected as and identifier in order to avoid confusion with superseded "AT" sections. Superseded “AT” sections were deleted from AICPA Professional Standards in June 2017, by which time substantially all engagements for which the “AT” sections were still effective were expected to be completed.
Standards Setting Bodies
- Accounting and Review Services Committee
- Auditing Standards Board
- Federal Accounting Standards Advisory Board
- Financial Accounting Standards Board
- Governmental Accounting Standards Board
- Public Company Accounting Oversight Board
- International Accounting Standards Board
- International Auditing and Assurance Standards Board