AICPA Issues Discussion Paper on Materiality in an Attestation Engagement

The AICPA has issued a discussion paper (DP), Materiality Considerations for Attestation Engagements Involving Aspects of Subject Matters That Cannot Be Quantitatively Measured.

The DP (1) highlights potential challenges that practitioners may encounter when exercising professional judgment related to materiality and (2) outlines the AICPA’s approaches to addressing those challenges.

Comments on the DP are due by October 31, 2019. For more information, see the DP on the AICPA’s Web site.