Tax standard on quality control exposed for comments.

• Position: Tax info

The AICPA Tax Executive Committee recently voted to expose for public comment proposed Statement on Standards for Tax Services No. 9, Quality Control. In light of tax season, the comment period has been extended to Aug. 31, 2006.

The concept of quality control has always been the backbone of every CPA firm. This is evidenced by the long-standing and well-established principles outlined in Statement of Quality Control Standards No. 2, System of" Quality, Control for a CPA Firm's Accounting and Auditing Practice (AICPA, Professional Standards, vol. 2, QC sec. 20), as amended, including the five elements of quality control that apply to accounting and auditing practices. This proposed Statement on Standards for Tax Services is based on these sound principles.

Since the adoption of SSTSs in 2000, some members have expressed concern over the lack of a quality control standard to guide them in implementing the original eight standards into their...