PCAOB releases guidance for attest engagements regarding XBRL.The Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. released staff questions and answers related to attest engagements regarding XBRI, (eXtensible Business Reporting Language) data furnished under the Securities and Exchange Commission's XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. Voluntary Financial Reporting Program on the EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. system. The questions and answers provide guidance for auditors who are engaged to report on whether the XBRL data accurately reflects the corresponding information in the official EDGAR filings. The AICPA's Auditing Standards Board In the United States, the Auditing Standards Board (ASB) is the senior technical committee designated by the American Institute of Certified Public Accountants (AICPA) to issue auditing, attestation, and quality control statements, standards and guidance to certified public laid the groundwork for this guidance with the AT 101 Interpretation--Attest Engagements on Financial Information Included in XBRL Instance Documents, issued in Sept. 2003. This interpretation describes the practitioner's considerations when he or she has been engaged to examine and report on whether an XBRL Instance Document accurately reflects certain client financial information. It also provides example examination reports. The PCAOB PCAOB Public Company Accounting Oversight Board guidance is available under Standards, Staff Questions and Answers at: [email] www.pcaobus.org |
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