Has anyone studied standard AS5 that is supposed to replace AS2? I'm curious as to your opinion.

I've read the PCAOB release and I'm more confused than before I read it. I'm trying to find a better, concise interpretation of this standard.

Any helps??

I'll hang up and listen.

I agree with you, AS5 doesn't clarify the ambiguities of AS2. You may want to try this web-site for a better interpretation of the proposal. http://www.jeffersonwells.com/Knowledge/Internal/pcaob_121906.pdf