Interim Standards
On April 16, 2003, the Board adopted certain pre-existing standards as its interim standards to be used on an initial, transitional basis. PCAOB Rules 3200T, 3300T, 3400T, 3500T, and 3600T describe the standards that the Board adopted and require registered public accounting firms and their associated persons to comply with these interim standards to the extent not superseded or amended by the Board.
To the extent a PCAOB standard addresses a subject matter that also is addressed in the
interim standards, the affected portion of the interim standard should be considered superseded or effectively amended. The Board
also has made certain conforming amendments to the interim standards to reflect the effect of the adoption of PCAOB standards. In
applying the interim standards, it remains the responsibility of the registered public accounting firm and its associated persons
(and anyone else using the interim standards) to determine whether a particular interim standard has been superseded or amended by
the Board, whether that has been reflected as a conforming amendment or not.
In the event of typographical or other technical errors in the electronic version of the interim standards, the interim standards that the Board adopted pursuant to the relevant rule (e.g., generally accepted auditing standards as described in SAS No. 95, as in existence on April 16, 2003, to the extent not superseded or amended by the Board) govern. The electronic version of the interim standards may be updated from time to time to correct typographical or other technical errors.
Pursuant to Rule 3200T, Interim Auditing Standards consist of generally accepted auditing standards, as described in the AICPA’s Auditing Standards Board’s Statement of Auditing Standards No. 95, and related interpretations, as in existence on April 16, 2003, to the extent not superseded or amended by the Board.
Pursuant to Rule 3300T, Interim Attestation Standards consist of the AICPA’s Auditing Standards Board’s Statements on Standards for Attestation Engagements, and related interpretations, as in existence on April 16, 2003, to the extent not superseded or amended by the Board.
Pursuant to Rule 3400T, Interim Quality Control Standards consist of the AICPA’s Auditing Standards Board’s Statements on Quality Control Standards, as in existence on April 16, 2003, to the extent not superseded or amended by the Board, and (for those firms that were members of the AICPA SEC Practice Section) certain AICPA SEC Practice Section’s membership requirements, as in existence on April 16, 2003, to the extent not superseded or amended by the Board.
Pursuant to Rule 3500T, Interim Ethics Standards consist of ethics standards described in the AICPA’s Code of Professional Conduct Rule 102, and interpretations and rulings thereunder, as in existence on April 16, 2003, to the extent not superseded or amended by the Board.
Pursuant to Rule 3600T, Interim Independence Standards consist of independence standards described in the AICPA’s Code of Professional Conduct Rule 101, and interpretations and rulings thereunder, as in existence on April 16, 2003, to the extent not superseded or amended by the Board, and Standards Nos. 1, 2, and 3, and Interpretations 99-1, 00-1, and 00-2, of the Independence Standards Board, to the extent not superseded or amended by the Board.
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