Audit firm guidance issued.

• Author: Greenspan, Alan
• Position: AICPA News - American Institute of Certified Public Accountants - Brief Article

The AICPA's SEC Practice Section recently issued guidance for U.S. audit firms that are taking on increased numbers of publicly traded clients or professional staff.

The guidance draws from existing professional standards established by the AICPA and covers the elements of a firm's quality control system that conceivably could be affected by the addition of new clients or personnel.

The...