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EXPOSURE DRAFT Proposed Peer Review Standards Update No. 2, Reviewing A Firms System of Quality Management and Omnibus Technical Enhancements (Amends AICPA Standards for Performing and Reporting on

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What is proposed statement on standards?

A proposed statement on standards is a draft document outlining new or revised standards before they are finalized, allowing for public review and comment.

Who is required to file proposed statement on standards?

Entities or individuals required to adhere to the standards, such as regulatory bodies, organizations, or industry professionals, must file a proposed statement on standards.

How to fill out proposed statement on standards?

To fill out a proposed statement on standards, follow the structured format provided by the governing agency, ensuring all relevant sections are completed accurately, and include necessary supporting documentation.

What is the purpose of proposed statement on standards?

The purpose of the proposed statement on standards is to solicit feedback from stakeholders, improve the clarity and applicability of the standards, and ensure they meet the needs of the industry.

What information must be reported on proposed statement on standards?

Information reported on a proposed statement on standards typically includes the proposed changes, rationale for the changes, expected impact, and a summary of stakeholder feedback.

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