Auditing Standards Board proposes changes to attestation standards

The AICPA Auditing Standards Board (ASB) has released an exposure draft proposing updates to attestation standards to reflect evolving assurance practices, including new guidance related to sustainability reporting.

According to a news release, the proposed changes reflect the ongoing evolution in attestation services in which practitioners are increasingly asked to provide services beyond audits of the financial statements, in areas such as sustainability, digital assets, cybersecurity, governance and related controls.

Adoption of the updates is expected to occur next year, pending revisions after the comment period and further deliberation by the ASB. The exposure draft is open for public comment through Tuesday, June 30. Read more.