PwC responds to AICPA proposal for state and local government entities

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Comment letter , PwC US Oct 26, 2017

Read our comment letter on the AICPA's independence proposal on state and local government entities.

Overview

PwC's comment letter expresses support for the AICPA's efforts to strengthen its auditor independence standards and help clarify the client affiliates with respect to which members should maintain independence when performing financial statement attest services for a state or local government entity. However, the letter states that, because the AICPA's proposal represents such a significant change to the identification of affiliates, it warrants further study and refinement. PwC believes this is necessary to ensure that the proposal’s impact is fully understood and any potential unintended consequences are adequately addressed before final adoption.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Follow us