Board Interpretation of Recent ASB Changes
Recently the Auditing Standards Board (ASB) moved certain attest services from Statements on Auditing Standards (SAS) to Statements on Standards for Attestation Engagements (SSAE). Specifically, the attest service, SAS 70 ("Reporting on Controls at Service Organizations") was moved to SSAE.
The definition of "Attest services" included in W.Va. Code §30-9-Accountancy Law is, in part: "(A) Audit or other engagement to be performed in accordance with the Statements on Auditing Standards;"
This definition of "attest services" would seem to exclude "Reporting on Controls at Service Organizations" since this attest function is now covered under the SSAE rather than SAS.
The Board of Accountancy recognizes that a change is necessary to the definition of "Attest services" reflected in W.Va. Code §30-9-Accountancy Law and is working to implement the appropriate language to include "attest services" performed under SSAE, as well as those performed under SAS.
During the time that it takes to implement the language change, the Board of Accountancy will interpret the definition of "Attest services" - (A) Audit or other engagement to be performed in accordance with Statements on Auditing Standards" to mean SAS as they existed on June 5, 2008 (the effective date of W.Va. Code §30-9-Accountancy Law).
This interpretation will specifically include reports issued under SSAE 16 and generally include any other attest service that may be moved by the ASB from the SAS to SSAE.
West Virginia Board of Accountancy