The AICPA issued two Technical Questions and Answers (TQAs) on Tuesday, Jan. 12, that provide nonauthoritative guidance related to performing third-party assessment engagements.
TQAs 9550.01–.02, listed under Auditing Questions and Answers, describe the characteristics of a third-party assessment program and the standards an AICPA member must apply to a third-party assessment engagement.
According to the TQAs, a member is always required to comply with the AICPA Code of Professional Conduct and the requirements or instructions of the third-party assessment program when performing a third-party assessment engagement. Learn more.