Aicpa auditing standards board

The valuation services standards, written by the AICPA Consulting Services Executive Committee to improve the consistency and quality of practice among AICPA members performing business valuations

The AICPA’s Auditing Standards Board (ASB) on October 12, 2021, issued revised audit standards that enhance the requirements and guidance on identifying and assessing risks of material misstatement

In particular, the new guidance addresses a company’s system of internal control and information technology

Part of the American Institute of Certified Public Accountants (AIPCA), the Auditing Standards Board’s (ASB) mission is to serve the public interest by developing, updating, and communicating comprehensive standards and practice guidance for CPAs