Attestation Engagements on Compliance
Dzeng, Simon C., The CPA Journal
Reporting on the safety and sound requirements under the Federal Deposit Insurance Corporation Improvement Act of 1991 is one recent example of a regulatory trend toward seeking assurances from an independent source on management's compliance with laws and regulations. The ASB has now issued the necessary guidance to satisfy certain aspects of FDICIA by using the attestation standards.
The AICPA's Auditing Standards Board (ASB) recently issued Statement on Standards for Attestation Engagements No. 3. Compliance Attestation (the "Statement"). The Statement gives guidance for reporting on management's representation on compliance with laws, regulations, rules, contracts, and grants …
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Publication information: Article title: Attestation Engagements on Compliance. Contributors: Dzeng, Simon C. - Author. Magazine title: The CPA Journal. Volume: 64. Issue: 3 Publication date: March 1994. Page number: 46+. © New York State Society of Certified Public Accountants Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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