The AICPA has issued its first proposed standard relating to CPAs who perform forensic work. After working with multiple committees including The Forensic and Valuation Services Executive Committee (FVSEC), Forensic and Litigation Services Committee, Business Valuation Services Committee, Certified in Financial Forensics Credential Committee and Accredited in Business Valuation Credential Committee, they issued their first proposed Statements on Standards for Forensic Services. The proposed standard would be followed by CPAs who perform work in the areas of litigation and investigation. Comments are due February 28, 2019.
