![]() ![]() 1, issued by the Forensic and Valuation Services Executive Committee, is to protect the public interest by preserving and enhancing the quality of practice of a member performing forensic services. The Statement on Standards for Forensic Services (SSFS) No. The valuation services standards, written by the AICPA Consulting Services Executive Committee to improve the consistency and quality of practice among AICPA members performing business valuations. These standards apply to all members regardless of the jurisdictions in which they practice and the types of taxes with respect to which they are providing services. Statement on Standards in Personal Financial Planning (PFP) Services establishes CPA responsibilities for providing PFP services, including estate, retirement, investments, risk management/insurance, and tax planning and serve as authoritative guidance to assist CPAs in the delivery of these services.ĪICPA's Statements on Standards for Tax Services (SSTSs) are enforceable tax practice standards for members of the AICPA. Standards for Performing and Reporting on Peer Reviews for administering, planning, performing, reporting on and the acceptance of peer reviews of CPA firms (and individuals) enrolled in the AICPA Peer Review Program. Review these standards if you are developing a continuing professional education (CPE) class, publication, webinar or software. The AICPA and the National Association of State Boards of Accountancy (NASBA) jointly issue standards for CPE development. Standards for members who provide their clients with a range of consulting services surrounding technological and industry expertise and management and financial skills.Ĭontinuing Professional Education (CPE) Programs Standards Preparation, Compilation and Review Standardsįind standards for performing preparation, compilation, and review engagements of a nonpublic entity. The guidance and rules for all AICPA members, for example those in public practice, industry, government and education, to follow in regards to the performance of their professional responsibilities. In this issue of the First Note, we aim to discuss the framework of SAS issued by ICAI in light of the growing emphasis on sustainability reporting.One central location to access the standards and statements that the AICPA develops, issues, and enforces.Īudit and attest standards for conducting, planning and reporting on audit and attestation engagements of nonissuers, including clarified Statements on Auditing Standards (SASs) Statements on Standards for Attestation Engagements (SSAEs) and Statements on Quality Control Standards (SQCSs), as well as archived pre-clarity SASs. In this regard, on 5 August 2022, ICAI released an Exposure Draft (ED) on Compendium of Social Audit Standards (SAS). Under the SSE framework, the Institute of Chartered Accountants of India (ICAI) has been entrusted with the responsibility of being the self-regulatory organisation for regulating the profession of social auditors. 2 The term, 'auditor,' as used in this standard, encompasses both the engagement partner and the engagement team members who assist the engagement partner in planning the audit. Five standard categories are designed to provide a Pre K12 continuum to reflect the demands of a college- and career-ready graduate: Standard 1: Foundational Skills begin at prekindergarten and focus on early childhood, with some standards reflected through Grade 5. The SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations).Īs part of the amendments made to the above regulations, SEBI introduced certain important concepts and definitions such as – Social Stock Exchange (SSE), social auditor, social audit firm, For Profit Social Enterprise (FPSE), Social Enterprises (SEs), etc. Footnotes (AS 2101 - Audit Planning): 1 Terms defined in Appendix A, Definitions, are set in boldface type the first time they appear. ![]() ![]() The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations).The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations).On 25 July 2022, SEBI introduced regulations pertaining to the SSE by amending the following regulations, namely: The SSE will enable Social Enterprises (SEs) to raise funds. The SSE is going to be a separate segment on the existing stock exchanges. The SSE would enable organisations working towards the realisation of social welfare objectives for listing their securities under the regulatory ambit of the Securities and Exchange Board of India (SEBI). The Government of India in the FY2019-20 budget proposed for the creation of a Social Stock Exchange (SSE). ![]()
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