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Cherry Bekaert Responds to AICPA’s Proposed Amendments to Audit Reporting

In a comment letter last month to the American Institute of Certified Public Accountants (“AICPA”), Cherry Bekaert (“the Firm”) Partner David Bettler, CPA , affirms the Firm Partners’ support of the AICPA Auditing Standards Board’s Proposed Statements on Auditing Standards, Auditor Reporting and Proposed Amendments―Addressing Disclosures in the Audit of Financial Statements . Bettler states that the proposed standards and amendments will be useful to financial statement users, as well as improve transparency and the quality of audits. The two-page letter also features the Partners’ responses to the exposure draft questions considered by the Auditing Standards Board. Read David Bettler’s comment letter on AICPA.org.

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AICPA Board Proposes Three Auditing Standards

The American Institute of Certified Public Accountants’ (“AICPA”) Auditing Standards Board recently issued the following exposure drafts of Proposed Statements on Auditing Standards (“SASs”): Proposed Statements on Auditing Standards, Auditor Reporting and Proposed Amendments―Addressing Disclosures in the Audit of Financial Statements:  The Exposure Draft proposes amendments converge the AICPA auditor reporting standards with standards of the International Standard on Auditing by the International Auditing and Assurance Standards Board (“IAASB”). The proposed changes address: Forming an Opinion and Reporting on Financial Statements; Communicating Key Audit Matters in the Independent Auditor’s Report; Modifications to the Opinion in the Independent Auditor’s Report; and. Read More.

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