Audit firm guidance issued. (AICPA News).

The AICPA's SEC Practice Section recently issued guidance for U.S. audit firms that are taking on increased numbers of publicly traded clients or professional staff.

The guidance draws from existing professional standards established by the AICPA and covers the elements of a firm's quality control system that conceivably could be affected by the addition of new clients or personnel.

The practice aid, Assessing the Effect on a Firm's System of Quality Control Due to a Significant Increase in New Clients and/or Experienced Personnel, is available at www.aicpa.org.