Printer Friendly

ASB issues attest interpretation for engagements XBRL instance documents.

The Audit Issues Task Force of the AICPA's Auditing Standards Board has issued a new interpretation of Chapter 1, "Attest Engagements," of Statement on Standards for Attestation Engagements No. 10, Attestation Standards: Revision and Recodification. The interpretation is titled Attest Engagements on Financial Information Included in XBRL Instance Documents.

XBRL the business reporting aspect of the eXtensible Markup language (XML), makes it possible to store or transfer data, along with complex process, data processing hierarchies and descriptions that enable analysis and distribution. An XBRL Instance Document provides financial information in a machine-readable format. Through the XBRL tagging process, a mapping of the financial information is created that enables users to extract specific information, thereby facilitating analysis.

The new attest interpretation defines the terms XBRL and XBRL Instance Document and 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 interpretation can be found on our Web site at www.aicpa.org/members/div/auditstd/ announce/XBRL_09_16_03_FINAL.htm.
COPYRIGHT 2003 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:accounting & auditing news; Auditing Standards Board
Publication:CPA Letter
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2003
Words:185
Previous Article:FASB issues exposure draft on pension disclosures.
Next Article:Chair's corner.


Related Articles
Proposed attestation standard on MD&A.
SAS addresses several auditing standards.
A new look at the attestation standards.
The new audit documentation requirements; SAS no. 96 raises the bar for audit documentation, adding specific requirements in several areas.
Official releases: SOP 03-2 ... Attestation interpretations ... SSARS interpretations.
The ASB's audit issues task force releases an interpretation also of chapter 1.
AICPA offers auditing standards to all.
The Public Company Accounting Oversight Board (PCAOB) issued guidance in the form of questions and answers (Qs & As) for auditors...
The new world of auditing standards: a conversation with the ASB.
PCAOB releases guidance for attest engagements regarding XBRL.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters