The Auditing Standards Board (ASB) is the AICPA’s senior committee for auditing, attestation, and quality control applicable to the performance and issuance of audit and attestation reports for nonissuers. The ASB promulgates Statements on Auditing Standards (SAS), Statements on Standards for Attestation Engagements (SSAE) and Statements on Quality Control Standards (SQCS), and, as a part of its due process, releases Exposure Drafts of proposed standards.
ASB corrects clarified auditing standard AU-C 920
ASB - 3/15/2013
The ASB has made a correction to an auditing section in the AICPA Professional Standards to reinforce the board's intentions not to change practice and to avoid unintended consequences. The auditing (AU) sections were redrafted as part of the clarity project to reflect the ASB’s established clarity drafting conventions, and are designed to make the clarified standards easier to read, understand, and apply.
SOP 13-2, Performing Agreed-Upon Procedures Engagements That Address the Completeness, Mapping, Consistency, or Structure of XBRL-Formatted Information
ASB - 09/10/2013
SOP 13-2 provides practitioners with guidance on performing agreed-upon procedures engagements for issuers submitting exhibits to the SEC containing eXtensible Business Reporting Language (XBRL) files. It is based on the application guidance of the principles and criteria in the exhibit of Principles and Criteria for XBRL-Formatted Information. This SOP may also be used for performing agreed-upon procedures engagements for other applications of XBRL.
SOP 13-1, Attest Engagements on Greenhouse Gas Emissions Information
ASB - 05/2/2013
Statement of Position (SOP) 13-1, Attest Engagements on Greenhouse Gas Emissions Information, provides guidance to CPAs on how to apply the attestation standards to greenhouse gas (GHG) emissions reporting. This SOP provides guidance to practitioners performing an examination or a review of a GHG emissions statement containing either (1) a schedule with the subject matter or (2) an assertion.
PwC comments on the ASB's attestation clarification and recodification proposal
ASB - 11/4/2013
PwC supports the enhanced guidance in the clarity redraft, but identifies possible improvements.
PwC Comments on Proposed SAS, Using the Work of Internal Auditors
ASB - 7/16/2013
PwC supports the proposed auditing standard and offers certain suggestions for the Auditing Standards Board to consider as they finalize the standard.