AICPA Alerts

The AICPA produces a number of Alerts that 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.

Financial Reporting Alerts are designed to be used by members of an entity’s financial management and audit committee to identify and understand current accounting and regulatory developments affecting the entity’s financial reporting, especially those that are the result of recent economic developments. They are intended to help you achieve a more robust understanding of the current economic environment in which your entity is operating and are an important tool to help you identify the significant risks that may result in the material misstatement of your entity’s financial statements.

Auditing Guidance in AICPA Alerts are authoritative with respect to:

Audit Guidance in accordance with AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards
Compilation and Review Guidance in accordance with AR section 60, Framework for Performing and Reporting on Compilation and Review Engagements
Attestation Guidance in accordance with AT section 50, SSAE Hierarchy

Select a specific AICPA alert family, for more information.

Audit Risk Alerts

Compilation & Review Alert

Other Alerts

Financial Reporting Alerts

Employee Benefit Plans Industry Developments

Financial Institutions Industry Developments: Including Depository and Lending Institutions and Brokers and Dealers in Securities

General Accounting and Auditing Developments

Government Auditing Standards and Circular A-133 Developments

Health Care Industry Developments

Insurance Industry Developments (including Life and Health Entities and Property and Liability Entities)

Investment Companies Industry Developments

Not-for-Profit Entities Industry Developments

Real Estate and Construction Industry Developments

State and Local Governmental Developments

Compilation and Review Developments

Independence and Ethics Developments

Understanding the Clarified Auditing Standards

Understanding the Responsibilities of Auditors for Audits of Group Financial Statements

Current Accounting Issues and Risks for Financial Management and Reporting—2012/13 Financial Reporting Alert

Current Economic Instability: Accounting Issues and Risks for Financial Management and Reporting

Not-for-Profit Entities—Accounting Issues and Risks