Auditors providing an opinion on operating income and expenses for New York City Tax Commission certiorari filings are required to modify a certification form to comply with new standards, according to the AICPA.
Under those conditions, auditors are required to modify Form TC309, Accountant’s Certification, to comply with new generally accepted auditing standards effective for periods ending on or after Dec. 15, 2012.
The Tax Commission of the City of New York has agreed to accept the modifications to Form TC309 that are necessary to comply with the AICPA’s professional standards. Wording of the modifications is available on the AICPA’s website.
The Real Estate Committee of the New York State Society of CPAs worked with the AICPA Audit and Attest Standards team to facilitate acceptance of the modifications.