A new statement of position by the AICPA Auditing Standards Board (ASB) addresses the effects of changes to the attestation standards on agreed-upon procedures related to rated asset-backed securities when those engagements fall within the definition and scope of “third-party due diligence services.”
SEC Rules 15Ga-2 and 17g-10 require the disclosure of asset-backed securitization issuances in Form 15E and Form ABS-15G, as applicable, of the procedures or findings, or both, of the practitioner’s services. Read more.