The AICPA Auditing Standards Board has proposed a new Standard on Attestation Engagements and is inviting public comments. Revisions to SSAE No. 18, Attestation Standards: Clarification and Recodification, could significantly change attestation engagements to make them more flexible. The new SSAE would supersede AT-C Sections 105, Concepts Common to All Attestation Engagements; 205, Examination Engagements; 210; and 215, Agreed-Upon Procedures Engagements.
Several important changes for performing attestation engagements are listed in the proposal. Comments are invited and will be accepted until Oct. 11.