TXCPA Committee Supports PEEC’s Proposed Revisions to Attestation Standards

TXCPA’s Professional Standards Committee (PSC) responded to the AICPA Professional Ethics Executive Committee (PEEC) regarding the Exposure Draft on proposed revisions to standards for attestation engagements, dated June 5, 2025.

The PSC agrees with the proposed definition and term of the attest period, sees the changes as clarifications of existing SSAE requirements, and finds the six-month effective date reasonable if early adoption is allowed. The PSC also supports the PEEC’s broader five-phase project on independence in non-financial statement attest engagements.

Read the Exposure Draft.

Read the Comment Letter.



Topics:

You May be Interested in

  • Risk Alert: New Post Office Rule Affects (Delays) Postmark Date for First Class Mail
    At the end of 2025, the U.S. Postal Service rolled out Rule 608.11 and it’s a game-changer. First Class mail is now postmarked when it is processed at a regional center, which could be days later. A delayed postmark could mean late filings, penalties, interest, or even missed claims. Savvy practitioners are taking steps to ensure enhanced proof of timely mailing.
  • California Penalty Abatement – There May be Hope Yet
    California’s Franchise Tax Board offers several options for penalty relief that can help taxpayers avoid unnecessary costs. This article highlights practical abatement options that can help CPAs reduce or eliminate penalties for California residents and nonresidents.
  • For Many, RMDs from Inherited IRAs Must Start by Dec. 31, 2025
    Inherited an IRA? New IRS final regulations issued July 18, 2024, end years of delays and require many beneficiaries to take required minimum distributions—or face a 25% penalty. Learn who’s affected and what to do.

Support the Next Generation

Donate to TXCPA scholarships and help aspiring accountants achieve their goals.