The Public Company Accounting Oversight Board (PCAOB) issued guidance in the form of questions and answers (Qs & As) for auditors (www.pcaobus.org/standards/staff_questions_and_answers/index.asp).
The AICPA Auditing Standards Board (ASB) laid the groundwork for this guidance with its AT 101 Interpretation, Attest Engagements on Financial Information Included in XBRL Instance Documents, issued in September 2003. The AICPA XBRL Assurance Task Force soon will issue an illustrative examination program for practitioners.
The SEC program does not require public companies to obtain an auditor's attestation regarding the XBRL data. But if a public company voluntarily chooses to obtain such an attestation, it should consult the PCAOB's Qs & As for practical guidance.
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|Publication:||Journal of Accountancy|
|Date:||Aug 1, 2005|