Other 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 and Review Alerts Other Alerts Financial Reporting Alerts

    General Accounting and Auditing Developments

    Employee Benefit Plans Industry Developments

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

    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

    Understanding the Clarified Auditing Standards

    Understanding the Responsibilities of Auditors for Audits of Group Financial Statements

    Compilation and Review Developments

    Independence and Ethics Developments


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

    Not-for-Profit Entities—Accounting Issues and Risks



     


    Other Alerts

    Independence and Ethics Developments


     

    The AICPA Risk Alert Independence and Ethics Developments focuses on recent developments in independence and ethics for accountants and auditors—an area that is receiving increasing attention from regulators, investors, the news media, and others. The current economic woes are stress testing independence and ethics standards, resulting in new standards and amendments to existing standards designed to assist accountants and CPAs evaluate their independence with respect to their clients and better understand the ethical issues affecting decisions they may encounter.

    Moreover, this Audit Risk Alert helps you understand your independence and ethics requirements under the AICPA Code of Professional Conduct and, if applicable, certain other rule-making and standard setting bodies. Discussion of recently effective or soon-to-be effective independence and ethics standards include, among other items, the following:

    • Management’s responsibilities when performing nonattest services
    • Member’s responsibility regarding request for records
    • GAO independence standards in the 2011 Yellow Book
    • Independence rules involving affiliates
    • AICPA’s new Financial Reporting Framework for Small- and Medium-Sized Entities

    This Audit Risk Alert includes discussion on the independence and ethics rules promulgated by the FDIC, International Ethics Standards Board, PCAOB, and U.S. Department of Labor.

    Included as appendixes in the alert is a plain-English digest of the AICPA Independence Rules and a listing of independence and ethics guidance recently withdrawn by the PEEC. 

     

    Paperback

    Product# ARAIET12P

    Online

    Product# WIA-XX

    eBook

    Product# ARAIET12E




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