[The following paragraph is effective for fiscal years beginning on or after December 15, 2024. See PCAOB Release No. 2024-004. The paragraph effective for fiscal years beginning before December 15, 2024 can be found here.]

.19       The first general standard is—The engagement shall be performed by a practitioner having competence in the attest function.fn6

fn6 See paragraph .07 of AS 1000, General Responsibilities of the Auditor in Conducting an Audit, for a description of competence.