AICPA offers auditing standards to all.
To better serve both members and the public, the Institute made available on its Web site free of charge the standards and interpretations promulgated by the Auditing Standards Board (ASB). These standards (www.aicpa.org/members/div/auditstd/auth_lit_for_ nonissuers.htm) cover audits of nonpublic companies and include AICPA statements on auditing standards, standards for attestation engagements and quality control standards. The Institute also gave the Public Company Accounting Oversight Board (PCAOB) the right to post the ASB standards on its Web site (www.pcaobus.org). The PCAOB adopted them as interim standards for auditing public companies until it develops permanent standards for such engagements. William J. McDonough, PCAOB chairman, said that by granting such permission, the AICPA made "a valuable contribution to the public interest."