Required Information Ch02 AICPA Attestation Standards (Part 2 of 2) [LO2-6, LO2-7] AICPA Attestation Standards (Part 2 of 2) Read the overview below and complete the activities that follow. Generally accepted auditing standards were adopted by the AICPA to provide guidance for the performance of audits. As these standards expand, the profession has developed more general attestation standards, contained in SSAE No. 1. In addition to the auditing standards, a CPA firm should establish adequate quality control policies and procedures to provide reasonable assurance that it follows professional standards on every engagement. To that end, the AICPA has issued six elements to quality control standards to provide CPA firms with guidance in establishing quality control policies. CONCEPT REVIEW: The attestation standards are meant to serve as a general framework and to set general boundaries for the attest function, while the quality control standards provide CPA firms with guidance in establishing quality control policies. Part 2 - Concept Check 1. Quality control procedures exist to provide reasonable assurance that the firm follows professional standards on 2 The AICPA engagement(s). require(s) specific quality control procedures. 3. Statement of Quality Standards identify. elements of quality control. 4. The PCAOB has adopted the AICPA standards as its quality control standards. 5. QC standards help to ensure that CPA firms meet their responsibilities to their clients and the