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No. 2006-43
(November 2006)
SUBJECT: ESTABLISHMENT OP AN ATTESTATION HIERARCHY AND MINOR TERMINOLOGY AMENDMENTS TO EXISTING STANDARDS
PRONOUNCEMENT ANALYZED: AICPA Statement on Standards for Attestation Engagements CSSAE) No. 14
EFFECTIVE DATE: For subject matter or an assertion as of a date or for a period ending on or after December 15, 2006
SUMMARY AND HIGHLIGHTS
AICPA STATEMENT ON STANDARDS FOR ATTESTATION ENGAGEMENTS (SSAE) NO. 14 ESTABLISHES A HIERARCHY OF ATTESTATION SOURCES AND MAKES MINOR CONFORMING WORDING CHANGES TO EXISTING ATTESTATION STANDARDS.
INTRODUCTION
AICPA Statement on Standards for Attestation Engagements (SSAE) No. 14, SSAB Hierarchy, establishes an attest hierarchy by (1) identifying the body of attest literature, (2) clarifying the authority of attest publications, and (3) specifying which such publications the practitioner must comply with and those that the practitioner should be aware of and consider when conducting an attest engagement. In addition, SSAE No. 14 amends certain existing attestation standards to conform the...