PwC comments on clarified subject-matter specific attestation standards

06/05/2014

Download: PwC comments on clarified subject-matter specific attestation standards

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and Projections; 401, Reporting on Pro Forma Financial Information; and 601, Compliance Attestation which would be superseded.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.