Abstract

One thousand-plus letters are a lot of mail. That's how many comments the American Institute of CPAs auditing standards board received when it proposed 10 new standards to help close the expectations gap between what auditors perceive as their responsibility and what the public thinks. Did the ASB really listen to these comment letters before finalizing nine SASs, or did it simply solicit the comments to fulfill the standard-setting, due-process procedures mandated by the AICPA board of directors?

Document Type

Article

Publication Date

12-1988

Publisher Statement

Copyright © 1988 American Institute of Certified Public Accountants. This article first appeared in Journal of Accountancy, December 1988, 55-57.

Please note that downloads of the article are for private/personal use only.