Proposed SSAE: Reporting on an Entity's Internal Control.

• Position: AICPA News

The AICPA is seeking comments on a proposed Statement on Standards for Attestation Engagements, titled Reporting on an Entity's Internal Control Over Financial Reporting.

Among other provisions, the SSAE provides guidance on evaluating management's basis or substantiation for making an assertion about an entity's internal control over financial reporting and the severity of control...