Tag Archives: Sue Coffey

AICPA Rethinks Peer Review

State Board Report January 2015 A concept paper on what the CPA profession’s practice monitoring might look like in the future has been released by the AICPA with a comment deadline of June 15, 2015. “Evolving the CPA Profession’s Peer Review Program for the Future,” mentioned as forthcoming at NASBA’s June 2014 Regional Meetings by…

AICPA Paper on Enhancing Audit Quality

State Board Report September 2014 The AICPA is seeking input from all stakeholders on a discussion paper entitled “Enhancing Audit Quality: Plans and Perspectives for the U.S. CPA Profession,” released on August 7, 2014. The paper covers the AICPA’s short-term and long-term plans to address quality issues related to financial statement audits of private entities.…

AICPA Focuses on Quality Enhancement

State Board Report July 2014 An AICPA task force is developing a practice-monitoring concept for the future, AICPA Vice President Susan S. Coffey and AICPA Peer Review Board member G. Alan Long, who is also a member of the Kentucky State Board of Accountancy, reported to the Regional Meetings. The envisioned components of the quality…

Change in “Attest” Definition Proposed

State Board Report July 2013 The definition of “attest” is what only a licensed CPA practicing in a licensed CPA firm can do, explained AICPA Vice President Sue Coffey, at the NASBA Regional Meetings. “The definition of attest is used in multiple places in the Uniform Accountancy Act, so it is critical to get this…