Summary of comments on Proposed SSARS Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement
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Summary of comments on Proposed SSARS AR-C Section 70 Applicability
Dec 23, 2024 · 3.3 MB Download
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The three-month comment period on the Exposure Draft, Proposed SSARS Applicability of AR-C Section 70 to Financial Statements Prepared as Part of a Consulting Services Engagement, ended on December 20, 2024.
Fifteen comment letters were received. Please refer to the following listing and download the zip file to access one or more desired letters.
| Comment Letters | Responders |
|---|---|
| 1 | Pennsylvania Institute of CPAs |
| 2 | Aprio LLP |
| 3 | Texas Society of Certified Public Accountants |
| 4 | CliftonLarsonAllen LLP |
| 5 | AICPA Personal Financial Planning Executive Committee |
| 6 | Carr, Riggs & Ingram, L.L.C |
| 7 | Kcoe Isom, LLP |
| 8 | RSM US LLP |
| 9 | North Carolina Association of Certified Public Accountants |
| 10 | Baker Tilly US LLP |
| 11 | Grant Thornton LLP |
| 12 | National Association of State Boards of Accountancy |
| 13 | Honkamp, P.C. |
| 14 | Dean Dorton Allen Ford, PLLC |
| 15 | WithumSmith+Brown, PC |
In addition to the preceding comment letters, 63 respondents submitted comments via an electronic survey that was accessible through the exposure draft. Those respondents are as follows:
| Firms | Individuals in public practice | Other |
|---|---|---|
| 1. Fausto Hinojosa | 18. Mark Watson | Individuals in business: |
| 2. Clark Number P.S. | 19. Megan Durst | 59. Alan Ozur |
| 3. AAFCPAs | 20. Courtney Murphy | 60. Duncan Will |
| 4. Bonadio & Co., LLP | 21. Travis Jones | State CPA Societies: |
| 5. Elinor Litwack | 22. Geni Whitehouse | 61. NJCPA |
| 6. BeachFleischman PLLC | 23. John Pace | Other AICPA Committees: |
| 7. Irfan Dossani | 24. Charles Palmer | 62. PCPS Technical Issues Committee |
| 8. Robert B. Henderson II | 25. Rebecca Kennedy Munson | CPA.com employee (CPA.com is a subsidiary of the AICPA) |
| 9. Rose Araghchy | 26. Christopher A. Roush | 63. Kimberly Blascoe |
| 10. Roxanne Teeman | 27. Jeff Parsell | |
| 11. Jennifer Glassmoyer | 28. Kirsten Phenicie | |
| 12. Hector Perez | 29. Emily Cook, CPA | |
| 13. Will Bevill | 30. Donna Conte | |
| 14. Craig Connell | 31. Michelle Ryan | |
| 15. Tammy Bryant | 32. David Neuhaus | |
| 16. Wiss & Company, LLP | 33. Krista Richardson | |
| 17. Eide Bailly LLP | 34. Heather Hudson | |
| 35. Kevin Poppen | ||
| 36. Lindsay Coffey | ||
| 37. Shelby Graham | ||
| 38. Michelle Sowers | ||
| 39. Courtney Eller | ||
| 40. Christine Lindsay | ||
| 41. Pamela Fisher | ||
| 42. Dominick Bellia | ||
| 43. Jeffrey Walch | ||
| 44. Kristi Marionneaux | ||
| 45. Gregory K. Caudell | ||
| 46. Emily Paskowski | ||
| 47. Wesley Wahlberg | ||
| 48. Daniel Peterson | ||
| 49. Jennifer Curran | ||
| 50. Mark Watson | ||
| 51. Sharon Berman | ||
| 52. Adrienne Cantell, CPA | ||
| 53. Moa Nguyen | ||
| 54. Jenni Huotari | ||
| 55. Danielle Thomas | ||
| 56. Robin Massingale, CPA | ||
| 57. Michelle Crow | ||
| 58. Ian Shuman |
Those responses are available below:
Responses to question 1 in the Exposure Draft: Do respondents believe that it is in the public interest to explicitly exclude financial statements prepared as part of a consulting services engagement performed in accordance with CS section 100 from those engagements for which AR-C section 70 is required to be applied? Please provide your reasons for your position.
Question 2 in the Exposure Draft: Do respondents believe that the proposed effective date of the SSARS is appropriate? If not, why not?
Question 3 in the Exposure Draft: Do respondents believe that the proposed revisions to paragraph .01 and the introduction of new application paragraph .A4 are appropriate? If not, respondents are asked to state their reasons.
Download the zip file of comment letters 1-15
File name: 20240923a-proposed-ssars-ar-c-section-70-applicability-ed-cls-1-15.zip
Download the Comments specific to requests for comment #1
File name: Comments specific to requests for comment#1.pdf
Download the Comments specific to requests for comment #2
File name: Comments specific to requests for comment#2.pdf
Download the Comments specific to requests for comment #3
File name: Comments specific to requests for comment#3.pdf
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