Proposed Standards and Comment Letters

The standard setters issue their proposed standards as exposure drafts. Interested parties are encouraged to review the exposure draft and respond by the comment deadline.

Compilation & Review

Accounting & Review Services Committee (ARSC), AICPA

Audit & Attest

Auditing Standards Board (ASB), AICPA

Proposed SAS: Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement +

Comment Deadline: November 25, 2020

Exposure Draft

Comment Letter: ICPAS Audit & Assurance Services Comment Letter
Proposed SAS: Auditing Accounting Estimates and Related Disclosures +

Comment Deadline: November 22, 2019

Exposure Draft - Auditing Accounting Estimates and Related Disclosures

Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter
Proposed SAS: Audit Evidence +

Comment Deadline: September 18, 2019

Exposure Draft - Audit Evidence

Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter
Proposed SAS & SSAE: Amendments to the Description of the Concept of Materiality +

Comment Deadline: August 5, 2019

Exposure Draft

Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter

Issued final as SSAE No. 20 and SAS No. 138

Public Company Accounting Oversight Board (PCAOB)

PCAOB - Quality Control Concept Release +

Comment Deadline: March 16, 2020

Concept Release

Comment Letter: ICPAS Audit & Assurance Services Committee Comment Letter

International Auditing & Assurance Standards Board (IAASB)

Proposed ISA - International Standard on Auditing 600 (Revised): Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) +

Comment Deadline: October 2, 2020

Exposure Draft - Proposed International Standard on Auditing 600 (Revised)

Comment Letter: ICPAS Audit & Assurance Services Comment Letter