The agenda features projects on negative assurance related to comfort letter engagements, auditor independence, fraud, noncompliance with laws and regulations, and going concern. Also, the SEC is considering whether to add the CPA credential as a pathway to accredited investor qualification.
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Audit & assurance
Liquidation accounting: When a going concern dissolves
Drawing from lessons learned in a real-life dissolution, a former CFO shares what CPAs need to know about applying FASB ASC 205-30.
Going concern: What CPAs in audit and finance should know
Going concern assessments are drawing renewed attention. AICPA standard setters help refresh what you know about this fundamental principle.
PCAOB finalizes simplified quality control amendments
QC 1000, A Firm’s System of Quality Control, will be effective Dec. 15 and could serve as the basis for the PCAOB’s future approach to inspections of public company compliance.
New AICPA guidance on stablecoins, mining revenue, current auditing standards
The AICPA’s updated digital assets practice aid addresses the most recent developments in an evolving area.
ASB approves standard on auditors’ responsibilities relating to fraud
The AICPA Auditing Standards Board approved a new fraud standard to enhance and clarify auditor responsibilities in a financial statement audit.
SAS 149 is coming: What audit teams need to know
The standard is effective for audits of group financial statements for periods ending on or after Dec. 15, 2026. Find out how it changes group audits and how you can prepare.
PEEC adopts revised definition of ‘attest engagement team’
The change, effective Dec. 15, clarifies for practitioners who is and is not part of an attest engagement team when applying AICPA Code of Professional Conduct independence requirements.
PCAOB seeks feedback on its 5-year strategic plan
The board that oversees audits of public companies proposed six goals in a draft of its 2026–2030 strategic plan.
AICPA updates audit standards related to external confirmations
SAS No. 150, External Confirmations, published Monday following an AICPA Auditing Standards Board vote in May, is designed to address today’s digitally driven environment.
PCAOB consultation process offers new options for firms seeking guidance
Registered public accounting firms are invited to request staff views on the implementation of PCAOB standards, with the option to launch a more formal firm consultation.
Standardization of sustainability reporting improves, but obstacles remain
While an increasing number of large U.S. companies turned to audit firms for assurance of sustainability data in 2024, a gap persists with the rest of the world, an annual report shows.
PCAOB works to form Inspections Modernization Council
The board is accepting applications through June 15 to help “modernize PCAOB inspections so they remain relevant and resilient.”
What CPA.com’s CEO sees next for AI, tax, and the profession
AI is rapidly reshaping accounting, and this episode explores how firms can use it to transform tax, audit, and client advisory services. Erik Asgeirsson also reflected on Town Hall’s 2020 launch and previews ENGAGE. Listen to the podcast episode or read the Q&A.
How to monitor a firm’s system of quality management
Explore resources and examples that explain how small firms can perform monitoring procedures, document results, and turn SQMS No. 1 into an executable process.
AICPA guides peer reviewers to address SOC 2 risks
The AICPA Peer Review Board provides guidance for peer reviewers to identify risks and reinforce quality in SOC 2 engagements.
The Auditing Standards Board’s priorities for 2026 and beyond
The chair of the AICPA Auditing Standards Board outlines the projects that are top of mind for auditors. Listen to the podcast episode or read the Q&A with Halie Creps, CPA.
Proposed new sustainability information AT-C sections
Learn about the proposed new subject matter-specific sections of the attestation standards for examination or review engagements on sustainability information.
Proposed revisions to examination and review engagements in the attestation standards
Part 2 of a three-part series explores the approach taken when revising the attestation standards and highlights selected significant matters that more broadly affect examination and review engagements.
AICPA urges use of its stablecoin criteria in GENIUS Act rulemaking
A comment letter to the office responsible for establishing final rules for the Guiding and Establishing National Innovation for U.S. Stablecoins Act makes the case for leveraging the AICPA’s established framework.
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