The AICPA's Auditing Standards Board (ASB) has approved revisions to the rules for attestation engagements to align them with the AICPA's quality management standards.
The biggest change involves replacing the term "other practitioner" with "participating practitioner" and "referred-to practitioner."
Respectively, these terms refer to other practitioners who are part of the engagement team and those who are not. The ASB also revised its performance and reporting requirements to differentiate between the types of other practitioners. Read more.