Two proposed new standards, a nonattest standard related to association with financial statements, and a new compilation engagement standard that attempts to narrowly define compilations to a non-existent form have placed the profession at the crossroads. One path has us departing from reality and entering a narrow corridor that will choke our most basic service to a level of abstract foolishness, a path driven by the idea that independence is somehow impaired if we help our clients. A good day for those who sit on high horses. You can read my response to the Committee(s) by clicking on the link below.
On the Inside
From a CPA on the Inside
