The American Institute of CPAs’ Auditing Standards Board is proposing changes in subject-matter specific attestation standards.
The exposure draft,
The new exposure draft restructures the content of AT section 301, Financial Forecasts and Projections; AT section 401, Reporting on Pro Forma Financial Information; and AT section 601, Compliance Attestation (AICPA, Professional Standards). The proposed SSAE would supersede the earlier AT sections. The most significant changes to the existing standards are described in an
The AICPA is asking for feedback on whether the revised structure facilitates understanding and implementation of the standards, which is one of the main goals of the Clarity Project. Comments are due May 27.