New risk assessment standards not on test until July 2007.

• Position: Exam News

The AICPA Board of Examiners has decided that the risk assessment standards issued in March 2006--Statements on Auditing Standards, No. 104-111--will not be tested on the Uniform CPA Exam until the July/August 2007 testing window.

[ILLUSTRATION OMITTED]

This exception applies only to the Auditing and Attestation examination section as it relates to SAS 104-111, which represent a significant change in the professional standards and requirements for conducting an audit.

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