PwC supports the clarification and recodification of the attestation standards but identifies possible improvements.
PwC submitted a comment letter supporting the Auditing Standard Board’s proposed Statement on Standards for Attestation Engagements, Subject-Matter Specific Attestation Standards: Clarification and Recodification (the proposed SSAE). The proposed SSAE applies the ASB’s clarity drafting conventions to AT 301, Financial Forecasts and Projections; 401, Reporting on Pro Forma Financial Information; and 601, Compliance Attestation which would be superseded. We support the proposed SSAE but identify possible improvements.
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