Auditing Standards Committee

AUDITING STANDARDS COMMITTEE
COMMITTEE ACTION PLAN

WHO WE ARE

CPA's in public practice, industry and academia with an interest in -

o Auditing and attestation services
o Internal controls
o The standards and interpretations issued by the Public Company Accounting Oversight Board and the AICPA's Auditing Standards Board governing auditing, attestation services and internal controls

WHAT WE DO

The Committee, as a whole or through sub-committees, conducts the following activities -

o Reviews and responds to Exposure Drafts issued by the PCAOB, ASB and other authoritative organizations issuing auditing and attestation standards
o Develops and conducts an Auditing Conference in the Fall of each year
o Cosponsors an annual program Accounting and Auditing in the Non-Public Environment
o Presents (as necessary) technical sessions throughout the year
o Reviews and discusses the activities and the agenda of the following organizations:

  • PCAOB (Public Company Accounting Oversight Board)
  • ASB (Auditing Standards Board)
  • IAASB (International Auditing and Assurance Standards)
  • COSO (Committee of Sponsoring Organizations of the Treadway Commission)
  • CAQ (AICPA Center for Audit Quality
  • EBPAQC (Employee Benefit Plan Audit Center (AICPA))
  • Other Organizations involved in auditing and attestation standards

o Responds to technical questions from State Society Members
o Writes articles for publication in The CPA Journal and The Trusted Professional
o Provides members with the opportunity to use the Committee as a forum for discussing auditing and attestation issues encountered in practice

WHO SHOULD JOIN

Members who -

o Have experience or are involved in auditing, attestations and internal controls
o Are interested in staying up-to-date with the PCAOB, ASB and professional matters
o Want to share problems, solutions and exchange information with their peers
o Want the opportunity to participate in standard setting through the Committee's responses to Exposure Drafts

Membership in the Committee is open to all NYSSCPA members who express an interest and are willing to devote the time necessary to actively participate in the Committee's functions.