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Special report on litigation services released. (accounting & auditing news).

Litigation services continue to be among the most important and fastest growing of the consulting services offered by the top 100 accounting firms, according to the latest Accounting Today Industry Survey. CPAs are involved in a wide array of litigation services engagements, including calculation of economic damages; valuations; fraud prevention, detection and investigation; tax analyses, bankruptcy analyses; attestation services and others. To be effective litigation services practitioners, whether full time or part time, CPAs must know, understand and comply with the applicable standards, rules and laws.

The AICPA's new Consulting Services Special Report (CSSR) 03-01, Litigation Services and Applicable Professional Standards (No. 055297CPA04), provides guidance to achieve these objectives. This new Special Report supercedes Consulting Services Special Report 93-1, Application of AICPA Professional Standards in the Performance of Litigation Services.

Special Report 03-01 provides guidance in the applicable standards, rules and laws, and includes sections addressing conflicts of interest, work paper form and content, and reporting. Issued by the AICPA's Responsibilities of Litigation Practitioners Task Force and the Litigation and Dispute Resolution Subcommittee, this Special Report can be ordered through Member Satisfaction (see page 7; price: $26 member, $32.50 non-member).
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Publication:CPA Letter
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2003
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