A&A Today: Presented by the WSCPA and Galasso Learning Solutions

The AICPA has issued a proposed ethics interpretation to help CPAs understand to what extent they can assist clients with implementing new accounting standards. The proposal identifies certain items as being nonattest services for which the normal rules for nonattest services would apply — management having SKE, management accepting responsibility, etc. On the other hand, it also identifies prohibited nonattest services the CPA cannot perform without impairing independence. Comments are due December 20, 2021.

Do you agree with the proposed interpretation in assisting clients with implementation of accounting standards?

To learn more about important accounting and auditing developments, join us for an upcoming CPE program with Melisa Galasso.

WSCPA is excited to partner with Galasso Learning Solutions to provide A&A Today, real-time A&A updates and answers. Check the WSCPA blog often for new episodes or subscribe on YouTube.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.