Tag Archives: ARSC

NASBA Panelists at NSA Annual

State Board Report September 2014 Potential peer review changes and the AICPA’s Accounting and Review Services Committee’s (ARSC) proposed preparation standards were among the topics discussed by a panel including NASBA Chair Carlos Johnson and President Ken Bishop at the National Society of Accountants’ Annual Meeting on August 21, in Baltimore, MD. IRS Commissioner John…

Written on September 12, 2014 at 2:23 pm, by

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Categories: State Board Reports
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Regional Breakouts Fruitful

State Board Report July 2014 The traditionally popular Regional Breakout Sessions continued to receive high marks from participants at the 2014 Regional Meetings. Evaluations of the Regional Meetings this year again contained comments on the excellent networking opportunities provided throughout the Meetings, and especially during the Regional Breakouts. Among the topics discussed at the Regional…

Written on July 22, 2014 at 3:04 am, by

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Categories: State Board Reports
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ARSC Standards Not Yet Issued

State Board Report July 2014 The AICPA Accounting and Review Services Committee (ARSC) is expected to vote in August to release their new combined Statements on Standards for Accounting and Review Services (SSARS 21) – Preparation of Financial Statements: Compilation Engagements and Association with Financial Statements, reported NASBA Director-at- Large Janice Gray (OK), a member…

Written on July 16, 2014 at 9:13 pm, by

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ARSC Prepares 3 Standards for Exposure

State Board Report October 2013 By the end of October, the AICPA’s Accounting and Review Services Committee (ARSC) expects to release for exposure three new standards that should be of interest to State Boards, NASBA Director-at-Large Janice Gray(OK), a member of ARSC, reported. These include: 1- a revised compilation standard that provides requirements and guidance…

Written on October 15, 2013 at 8:15 pm, by

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ARSC Compilation ED to Come

State Board Report July 2013 Comments from State Board representatives were welcomed by Michael L. Brand, Chair of the AICPA’s Accounting and Review Services Committee, and Chas J. McElroy, Chair of ARSC’s Task Force, at breakout sessions moderated by NASBA’s Compliance Assurance Committee Chair Janice L. Gray (OK) at the Eastern and Western Regional Meetings.…

Written on July 24, 2013 at 6:27 pm, by

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NASBA Comments on ARSC and PEEC EDs

State Board Report September 2012 Following weeks of discussion by the Regulatory Response Committee and the Ethics and Professional Issues Committee, then vetting by the Regional Directors, on September 6 NASBA Chair Mark P. Harris and President Ken L. Bishop sent a letter in response to exposure drafts released by the AICPA’s Professional Ethics Executive…

Written on September 18, 2012 at 9:06 am, by

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NASBA Comments on PEEC, ARSC Drafts 9/6/12

September 6, 2012 The following are NASBA’s comments regarding Exposure Draft dated June 29, 2012 – Omnibus Proposal, AICPA Professional Ethics Executive Committee, Proposed Revised and New Interpretations and Proposed Deletions of Ethics Rulings, Proposed Revised Interpretation No. 101-3 Under Rule 101; and Exposure Draft dated June 29, 2012 – Proposed Statements on Standards for…

Written on September 10, 2012 at 10:36 am, by

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Categories: Comment Letters
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ARSC Panel Exchanges Views

State Board Report November 2009 How independent does a CPA need to be to issue a review report? Rick Isserman (NY), chair of the NASBA Regulatory Response Committee moderated an Annual Meeting panel, including Sheila Birch (OH), Gerald Burns (OR), Thomas Sadler (WA) and Ray Stephens (OH), discussing this question as raised by a recent…

Written on November 13, 2009 at 9:11 pm, by

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Response to Proposed Statement on Standards for Accounting 6/25/09

June 25, 2009 NASBA comments on the Accounting and Review Services Committee (ARSC) of the American Institute of Certified Public Accountants (AICPA or Institute) on the Exposure Draft (Exposure Draft) on “Proposed Statement on Standards for Accounting and Review Services” (SSARS). See Full Document:Response to Proposed Statement on Standards for Accounting

Written on June 25, 2009 at 8:55 pm, by

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Letter of Comment from NASBA to ARSC 6/23/09

June 23, 2009 NASBA comments to the Accounting and Review Services Committee (ARSC) of the American Institute of Certified Public Accountants (AICPA or Institute) on the Exposure Draft on “Proposed Statement on Standards for Accounting and Review Services” (SSARS). The Exposure Draft proposes independence for review engagements at the profession’s core and, should it be…

Written on June 23, 2009 at 8:30 pm, by

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