June 2008 NASBA Regional Meeting

Comments from Associated Press regarding the inability of State Boards to respond to referrals from the SEC Issuance of the National Single Audit Sampling Project identifying numerous substandard audits in selected sample:

Recommendation: “Enter into dialogue with the AICPA and State Boards of Accountancy, through the National Association of State Boards of Accountancy, to identify ways the AICPA and State Boards can further the quality of single audits and address the due professional care issues noted in this Project, and encourage them to implement the ways identified”

See Full Document:
Regulatory Efforts Presentation