Auditors required to modify New York City form


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.

SPONSORED REPORT

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.