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Deloitte comments on AICPA proposed discussion paper on subject matters that cannot be quantitatively measured

Published on: Oct 31, 2019

Deloitte & Touche LLP comments on the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) on its proposed Discussion Paper Materiality Considerations for Attestation Engagements Involving Aspects of Subject Matters That Cannot Be Quantitatively Measured.

An excerpt from the comment letter is shown below:

We support the issuance of the discussion paper and believe the nonauthoritative guidance as provided in the discussion paper will be useful to practitioners when considering and making professional judgments regarding materiality in attestation engagements involving aspects of subject matter that cannot be quantitatively measured. We also support the opportunity to further explore and develop additional implementation guidance intended to assist practitioners in addressing the challenges associated with making professional judgments regarding materiality in such attestation engagements.

For more information, see the full text of the comment letter which is available below.

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