The AICPA produces a number of Alerts including Audit Risk Alerts, a Compilation and Review Alert, and Other Alerts. Audit Risk Alerts provide auditors of financial statements with an overview of recent economic, industry, technical, regulatory, and professional developments that may affect the audits and other engagements they perform. Updated annually, alerts also help identify the significant business risks that may result in the material misstatement of a client's financial statements. Audit Risk Alerts also can be used by an entity’s internal management to address areas of audit concern. Auditing guidance included in an AICPA Audit Risk Alert is recognized as an
other auditing publication in accordance with
AU section 150,
Generally Accepted Auditing Standards. Other auditing publications have no authoritative status; however, they may help the auditor understand and apply the Statements on Auditing Standards (SASs). The Compilation and Review Alert provides accountants with an update on recent practice issues and professional standards that affect compilation and review engagements. This alert also can be used by an entity’s internal management to address areas of concern. The Compilation and Review Alert is an
other compilation and review publication, as defined in
AR section 60,
Framework for Performing and Reporting on Compilation and Review Engagements. Other compilation and review publications have no authoritative status; however, they may help the accountant understand and apply Statements on Standards for Accounting and Review Services.
The AICPA publishes guidance in both
electronic (online and e-books) and
print formats, designed to be useful wherever you are—in the office, in the field, or on the go.
AICPA Alerts are available for a number of industries and key topics, including the following subject areas. Select the industry or topic for more information and additional publications, or select "Buy Now" if you are ready to purchase an Alert.
Audit Risk Alerts