Tax Standards (SSTS) Exposure Draft and Invitation to Comment
AICPA has issued an exposure draft on changes to the Statements on Standards for Tax Services to ensure the highest ethical standards for members to support the public’s view that CPAs are the premier providers of tax services.
Exposure Draft and Invitation to Comment
The combined Exposure Draft (ED) and Invitation to Comment (ITC) presents the findings and conclusions of the SSTS Revision Task Force as approved by the Tax Executive Committee (TEC). The document is divided into two sections: Part 1: ED and Part 2: ITC.
The ED presents changes the AICPA proposes to make to the SSTSs. Following consideration of comments received, the changes outlined in the ED, if adopted, are expected to be included in a revised SSTSs document to be approved no later than May 31, 2023, and effective Jan. 1, 2024.
The ITC is separate and independent from the ED and presents items for consideration that will require additional research and investigation regarding the concept of quality management in tax.View the Tax Standards (SSTS) Exposure Draft and Invitation to Comment here:
Respondents are asked to provide comments on the proposed SSTS changes and questions listed in the ED and the ITC. Comments are most helpful when they refer to specific questions and include the reasons for the comments. When a respondent agrees with proposals in the ED or ITC, it will be helpful for the AICPA to be made aware of this view.
Please complete the Comments Form or email feedback to SSTScomments@aicpa-cima.com by Dec. 31, 2022.