Accounting & Auditing

AICPA seeks to clarify auditing standards

DraftMore auditing in the news, this time from the AICPA's Auditing Standards Board.

The ASB has released a pair of exposure drafts -- redrafts, actually -- of Statement of Auditing Standards 103 and SAS 114 as part of its Clarity Project, which, according to the AICPA, "aims to make auditing standards easier to read, understand and apply."

The deadline to comment on the drafts is June 30, 2008.

All auditing standards will be redrafted over the next few years as part of the project, which is consistent with the ASB's international convergence strategy. Read more about this strategy here.

And while you're at it, check out these other recent auditing-related resources:

Learn more at the Expo
Business Learning Institute instructor Jennifer Louis will lead a pair of auditing-related programs --  a Sarbanes-Oxley update and a look at internal controls -- at the first-ever Maryland Business and Accounting Expo, slated for June 17-18 at the Baltimore Convention Center. Get details about the Expo and register here.


Bill Sheridan