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Comment: Reaction to AICPA statement on attestation engagement standards

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Grant Thornton submitted a comment letter regarding the Proposed Statement on Standards for Attestation Engagements, Selected Procedures, published by the Accounting and Review Services Committee of the AICPA. Grant Thornton states its overall support of the concept of this type of engagement to address and resolve issues that arise in practice. Nonetheless, the letter details several concerns Grant Thornton has with the proposed standard.