AICPA Proposes Specific Performance Requirements When An Auditor Is Involved With An Exempt Offering

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Jul 13, 2016

On July 13, 2016, the American Institute of CPAs (AICPA) issued an exposure draft which proposes specific performance requirements when the auditor is involved with an exempt offering. Although an auditor is not required to become involved in an offering document except when the benchmarks defining involvement are met, auditors are not precluded from becoming voluntarily involved with such an offering document.

For further details refer to the copy of the exposure draft on the AICPA’s website. Comments are requested by October 13, 2016.

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