Michigan Administrative Code › Department - Licensing and Regulatory Affairs › Bureau of Professional Licensing › Board of Accounting › Accountancy - General Rules › Part 1 - GENERAL PROVISIONS › Section R. 338.5102 - Standards of professional practice adopted by reference

Current through Vol. 24-12, July 15, 2024
Rule 102.
(1)
					 The following standards are approved and adopted by reference:
(a) The standards issued by the American
					 Institute of CPAs (AICPA), 220 Leigh Farm Road, Durham, North Carolina, 27707,
					 in the publication titled "AICPA Professional Standards" updated June 15, 2022,
					 and any statements issued as of the effective date of this rule, which are
					 available at a cost of $289.00 from the institute's website at
https://www.aicpa.org/cpe-learning/publication
or at no cost from the institute's website at
https://us.aicpa.org/research/standards
.
(b) The standards issued by the Public
					 Company Accounting Oversight Board (PCAOB), 1666 K Street NW, Suite 300,
					 Washington, District of Columbia, 20006, in the publication titled "PCAOB
					 Standards and Related Rules" 2022 edition, and any updates issued as of the
					 effective date of this rule, which are available at a cost of $255.00 from the
					 AICPA"s website at
https://www.aicpa.org/cpe-learning/publication
or at no cost from the AICPA"s website at
https://pcaobus.org/oversight/standards
.
(c) The auditing standards issued by the
					 Government Accountability Office, 441 G Street, NW, Washington, District of
					 Columbia, 20548, in the publication titled "Government Auditing Standards" 2018
					 Revision Technical Update April 2021, which are available at no cost on the
					 Office's website at
https://gaoinnovations.gov/yellowbook/
.
(d) The standards issued by the International
					 Auditing and Assurance Standards Board (IAASB), 529
					 5th Avenue, New York, New York, 10017, in the
					 publication titled "2021 Handbook of International Quality Control, Auditing,
					 Review, Other Assurance, and Related Services Pronouncements" issued on
					 December 2, 2022, and any related pronouncements issued as of the effective
					 date of this rule, which are available at no cost from the IAASB's website at
https://www.iaasb.org/standards-pronouncements
.
(e) The accounting standards issued by the
					 Financial Accounting Standards Board (FASB), 801 Main Avenue, P.O. Box 5116,
					 Norwalk, Connecticut, 06856, in the publication titled "FASB Accounting
					 Standards Codification" as of December 2022, and any updates published as of
					 the effective date of this rule, which are available at no cost from the
					 board's website at
https://asc.fasb.org
.
(f) The accounting standards issued by the
					 Governmental Accounting Standards Board (GASB), 801 Main Avenue, P.O. Box 5116,
					 Norwalk, Connecticut, 06856, in the publication titled "GASB Codification" as
					 of December 31, 2021, and any pronouncements published as of the effective date
					 of this rule, which are available at no cost from the board's website at
https://gars.gasb.org/
.
(g) The accounting standards issued by the
					 International Accounting Standards Board, 30 Cannon Street, London EC4M 6XH,
					 United Kingdom, in the publication titled "2022 International Financial
					 Reporting Standards IFRS" issued on January 1, 2022, and any pronouncements
					 issued as of the effective date of this rule, which are available at a cost of
					 "81.00 from the board's website at
http://www.ifrs.org
.
(h) The United States Securities and Exchange
					 Commission (SEC) rules contained in 17 CFR chapter 2 and the SEC"s
					 Interpretative Releases and Policy Statements issued as of the effective date
					 of this rule. The SEC rules may be obtained free of charge at
http://www.ecfr.gov
. The SEC's
					 Interpretative Releases and Policy Statements may be obtained free of charge at
https://www.sec.gov
.