Recently Issued Technical Questions and Answers

The following are recent technical staff questions and answers issued since July 2011 and may have been revised since original issuance. The questions and answers in this section are not sources of established authoritative principles. This material is based on selected practice matters identified by the staff of the AICPA's Technical Hotline and various other bodies within the AICPA and has not been approved, disapproved, or otherwise acted upon by any senior technical committee of the AICPA. Consult Technical Practice Aids for all technical staff questions and answers issued by the AICPA.

Auditing and Attestation
Title	Issue Date	TIS Section
Statement on Standards for Attestation Engagements No. 16, Reporting on Controls at a Service Organization	November 2011	9520*
Service Organization Controls Reports	November 2011	9530*
Small Business Lending Fund Auditor Certification Guidance	October 2011	9110.18
Consolidating Information Presented on the Face of the Financial Statements	September 2011	9170.01

Accounting
Title	Issue Date	TIS Section
Application of Accounting Standards Update No. 2011-07, Presentation and Disclosure of Patient Service Revenue, Provision for Bad Debts, and the Allowance for Doubtful Accounts for Certain Health Care Entities, in Consolidated Financial Statements	March 2012	6400.47
Financial Statement Reporting and Disclosure—Employee Benefit Plans	December 2011	6931.13–.17
Application of Accounting Standards Update No. 2010-26, Financial Services— Insurance (Topic 944): Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts (a consensus of the FASB Emerging Issues Task Force)	July 2011	6300.37–.38

Compilation and Review
Title	Issue Date	TIS Section
Effects on Compilation and Review Engagements When Management Does Not Assess Whether the Reporting Entity Is the Primary Beneficiary of a Variable Interest Entity and Instructs the Accountant to Not Perform the Assessment	April 2012	9150.29
Compilation Engagement When the Accountant Is Performing Management Functions	September 2011	9150.28

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* TIS sections 9520 and 9530 are available to non-AICPA members due to the AICPA's initiative to promote service organization control (SOC) reporting.

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