WebTrust Issues Guidance, Passes Another Milestone

A new AICPA publication, Effects of a Third-Party Service Provider in a WebTrust or Similar Engagement—Version 3.0, supplies nonauthoritative advice to practitioners performing examinations intended to provide assurance to WebTrust clients and their auditors about controls on third-party service providers. The book explains how to evaluate the quality of offerings from Internet service providers or Web site hosts, such as performing essential data processing activities and administering Web site security. Practitioners can obtain the guide at no charge on the AICPA Web site at www.aicpa.org/webtrust/index.htm .

Meanwhile, TradeCard Inc., a provider of online communication services, received the first WebTrust Confidentiality Seal granted in the United States. During a recent WebTrust engagement, Ernst & Young LLP auditors evaluated TradeCard’s online privacy policies and controls and confirmed the company adequately safeguarded all confidential information collected and stored on its Web site.


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.