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.

RESOURCES

Keeping you informed and prepared amid the coronavirus crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.

SPONSORED REPORT

Getting leases in line

ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to add value.