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Consulting Services provided by CPAs in public practice have not been clearly defined in the existing Statements on Standards for Management Advisory Services. This proposed Statement on Standards for Consulting Services describes six categories of CPA consulting services, distinguishes them from attest services, reaffirms the basic standards in rule 201 of the AICPA Code of Conduct as applying to such services, and establishes three general consulting services standards that are client-oriented. The proposed Statement on Standards for Consulting Services in this exposure draft is intended to supersede the three current Statements on Standards for Management Advisory Services. The proposed Statement specifies that it does not apply to audits, reviews, other attest services, compilations, personal financial planning, tax preparation, and tax planning services. It affirms the requirement for independence when performing consulting services for attest clients
Business consultants -- Standards; Management -- Standards; Accounting -- Terminology
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American Institute of Certified Public Accountants. Management Advisory Services Executive Committee, "Proposed statement on standards for consulting services : definitions and standards;Definitions and standards; Exposure draft (American Institute of Certified Public Accountants), 1991, Apr. 1" (1991). Statements of Position. 549.