PwC supports efforts to align ASEC’s trust services criteria with COSO and address cybersecurity risks.
PwC believes flexibility is necessary to increase reporting on cybersecurity and demand for attestation engagements.
PwC supports the proposed standard to clarify the auditor’s responsibility when assessing going concern.
PwC supports requiring the PCAOB report layout and wording when referring to both PCAOB and AICPA standards.
PwC supports the proposed revisions to Trust Services Principles, and offers some recommendations for consideration.
PwC strongly supports the AICPA's goals related to their enhancing audit quality initiatives.
PwC shared specific comments and suggestions concerning breaches (i.e., violations) of the Code of Professional Conduct.
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.
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