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Member Only Content

Archived March 2013 Team and Review Captain Checklists 

Interim Guidance
Click
here for interim guidance and a pre-release of certain checklists.

For Reviews Commencing on or after January 1, 2013:
If you need materials for reviews commencing between January 1, 2013 and February 28, 2013, please download them from the
January 2013 Practice Management Toolkits

For Reviews Commencing on or after March 1, 2013:
The individual files found on the System and Engagement Review pages below are for reviews commencing on or after March 1, 2013.

You can download Checklists, Questionnaires and other Material to Perform System Reviews.

You can download Checklists and other Material to Perform
Engagement Reviews.

You can review the latest
March 2013 Release Notes or the January 2013 Release Notes.

General Notes:

Update 00-7 (March 2013) of the AICPA Peer Review Program Manual will be mailed to subscribers during the first week of March 2013. If you have not received your update by March 22, 2013, please contact AICPA Member Services at 888.777.7077.

The checklists were conformed to the clarified auditing standards, which are effective for audits of financial statements for periods ending on or after December 15, 2012, in update 00-6 (January 2013). You should use checklists designated with a capital letter “A” after the checklist number for engagements covering financial statements for periods ending before December 15, 2012.

Section 22,300, the “Financial Reporting and Disclosure Checklist,” is required for the general audit, and also the general review and compilation with full disclosure engagement checklists. It is not required for compilations that omit substantially all disclosures.

Additional Documentation
As with prior versions, if additional documentation is necessary for any checklist or practice aid item, you should attach separate pages, with the additional documentation, to the checklist or practice aid.

Supplemental Checklists
You should now complete the supplemental checklists for engagement reviews, or document the reason(s) you did not in the Review Captain’s Checklist. For reviews of compilations that omit substantially all disclosures, you may choose to complete the supplemental checklist, but it is not required.

Digital Signature
The checklists and practice aids in PDF format allow the documents to be digitally signed. However, the documents can still be printed and signed manually, as well.

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