AICPA comment letters

  • PwC comment letter (AICPA)
    PwC comments on ASEC's proposed Trust Services Principles (TSP) and Criteria exposure draft

    10/8/13 | Assurance services

    While overall we agree with ASEC’s proposed restructuring and revised TSP and Criteria exposure draft, within our response we specifically highlighted and provided examples where some criteria could be further enhanced.

  • PwC comment letter (AICPA)
    PwC Comments on Proposed AICPA Financial Reporting Framework for Small- and Medium-Sized Entities

    1/29/13 | Assurance services

    PwC fully supports efforts to enhance financial reporting for private companies, and believes that the most appropriate way to achieve meaningful change for private company stakeholders is through the collaborative efforts of the recently established Private Company Council (PCC) and the FASB. However, should the AICPA decide to issue this new non-GAAP framework, our comment letter provides observations and recommendations on changes the AIPCA should make to minimize confusion and enhance clarity. ...

  • PwC comment letter (AICPA)
    PwC Comments on Omnibus Proposal of the AICPA Professional Ethics Division - September 19, 2012

    12/11/12 | Assurance services

    PwC supports the PEEC's stated objective of clarifying the circumstances under which the AICPA Code of Professional Conduct applies to services provided by its members. PwC recommends that prior to adopting its proposal, the PEEC should further consider three things: (1) whether the PEEC's proposed revision to the definition of professional services will have the unintended effect of sweeping in services that have no connection with or relationship to the practice of accountancy; ...

  • PwC comment letter (AICPA)
    PwC Comments on AICPA Professional Ethics Division Omnibus Proposal - Interpretations and Rulings

    6/7/11 | Assurance services

    PwC is generally in agreement with most of the proposals in the exposure draft and provides some observations that the Firm believes would improve the proposal. With respect to the proposed definition of "confidential client information" in ET Section 92, as well as the proposed revisions to Ethics Ruling No. 2, "Distribution of Client Information to Trade Associations," under Rule 301, PwC believes that the proposed revisions create additional compliance parameters, yet PEEC has provided no evidence of concerns raised by clients or issues or breaches that client companies have raised regarding either violations of the current guidance, or its being inadequate as currently written. PwC, therefore, recommends that the PEEC obtain...