Ads
related to: engagement letter aicpa- Accounting & Auditing
Advanced Accounting and Auditing
New standards and emerging issues.
- EDGE Career Development
Hone the skills you need.
To grow as a leader.
- Practitioners
Evolve your firm vision.
And make it a reality.
- Advanced Estate Planning
High-level tax training.
New planning techniques.
- Advanced PFP
Advanced Personal FinancialPlanning
Expert insights.
- Tax Strategies
For the High-Income Individual.
Connect With Tax Professionals.
- Accounting & Auditing
Search results
Results From The WOW.Com Content Network
CPAs have an obligation to their clients to exercise due professional care. With an engagement letter, it provides the client and other third parties with rights of recovery. Therefore, if the CPAs are not performing within the agreement set forth in the contract this will be considered a breach of contract.
AICPA, which publishes the audit standards and code of ethics that the responsible or engaged parties are expected to follow; Subservice organization , A service organization used by a service organization that is the responsible party; and
An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.
SAS No. 122, Clarification and Recodification, contains the Preface to Codification of Statements on Auditing Standards, Principles Underlying an Audit Conducted in Accordance With Generally Accepted Auditing Standards, and 39 clarified SASs.
Statement on Standards for Attestation Engagements no. 16 (SSAE 16) is an auditing standard for service organizations, produced by the American Institute of Certified Public Accountants (AICPA) Auditing Standards Board, which supersedes Statement on Auditing Standards no. 70 (SAS 70) and has been superseded by SSAE No. 18. [1]
ISAE 3402 is a SOC 1 engagement. SOC is an acronym coined by the American Institute of Certified Public Accountants (AICPA) for service organizations controls, and was re-coined in 2017 as system and organizational controls. AICPA has defined three types of SOC reports: SOC 1, SOC 2, and SOC 3.
Ad
related to: engagement letter aicpa