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 Notice of a Comment Period on a Proposed Rule

Today the West Virginia Board of Accountancy filed a Notice of an Emergency Rule to include a definition for "Statements on Auditing Standards, as well as, a Notice of a Comment Period on a Proposed Rule.  In lieu of a Public Hearing, a Comment Period has been established during which any interested person may send comments concerning these Proposed Rules.  The Comment Period will end on Friday, July 22, 2011 at 5:00 p.m.

This Rule change was precipitated by the recent move of certain attest services from the Statements on Auditing Standards (SAS) to Statements on Standards for Attestation Engagements (SSAE) by the Auditing Standards Board (ASB). Specifically, the attest service, SAS 70 ("Reporting on Controls at Service Organizations") was moved to SSAE. The Board has defined "attest services" at W.Va. Code §30-9-2(3) to include "(A) Audit or other engagement to be performed in accordance with the Statements on Auditing Standards;"

The Board, recognizing that these exclusions would pose substantial risk to the public, voted to adopt the following definition:

1-1-2. Definitions.

2.14.  "Statements on Auditing Standards" means the standards as promulgated by the American Institute of Certified Public Accountants as they existed as of June 5, 2008, which includes SAS 70.  Any future revisions by the American Institute of Certified Public Accountants to their standards are hereby incorporated and adopted. 

You may fax, e-mail or mail your comment to the address below.  Only written comments will be accepted.

Attn:  Comment on Proposed Rule
West Virginia Board of Accountancy
106 Capitol Street, Suite 100
Charleston, WV 25301-2610
Fax: (304) 558-1325
E-Mail: wvboa@mail.wvnet.edu

You may review the entire Rule at the following link: EmergencyRule.pdf

Contact Information

West Virginia Board of Accountancy
Jo Ann Walker, Executive Director
(304) 558-3557

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