TXCPA Submits Comment Letter on Proposed Fraud-Related Auditing Standard

The Professional Standards Committee of TXCPA has submitted a comment letter to the AICPA Auditing Standards Board in response to the exposure draft of the proposed Statement on Auditing Standards.

The Professional Standards Committee of TXCPA has submitted a comment letter to the AICPA Auditing Standards Board in response to the exposure draft of the proposed Statement on Auditing Standards, The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements. While generally supportive of the proposed standard, the committee raised important considerations regarding scalability for smaller practitioners.

Read the full comment letter here.

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