Welcome to the AICPA's new Financial Reporting Center

As an AICPA member you will find resources to assist you across the entire financial reporting process. Whether you are involved in accounting, preparing financial statements, or performing compilation, review, audit, attest, or assurance and advisory engagements, this new Center will support you in the execution of high-quality financial reporting by providing:

Financial reporting news and developments
Financial reporting guidance and resources such as articles, presentations, and frequently asked questions
Industry insights on important financial reporting topics
A Standards Tracker to help you stay current on recently issued FASB, ARSC, and ASB standards
Insight and guidance to help you avoid common financial reporting pitfalls

We welcome your feedback on the new Center.

Authoritative Standards

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Financial Reporting Center

Accounting and Auditing Publications

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Authoritative Standards Publications

In today’s increasingly complex financial accounting and reporting and regulatory environment, the AICPA remains committed to the preparation of high-quality financial reporting and the performance of high-quality audit, attest, and nonaudit services. AICPA authoritative standards publications provide accounting professionals the authoritative standards of the Financial Accounting Standards Board, Governmental Accounting Standards Board, Public Company Accounting Oversight Board, AICPA's Auditing Standards Board (ASB), AICPA's Accounting and Review Services Committee (ARSC), and other AICPA senior technical committees. These authoritative standards are published both electronically and in print, designed to be useful wherever you are – in the office, in the field, on the go.

Spotlight

	The release of SAS Nos. 122–124 marks the most significant milestone to date in the Auditing Standards Board’s (ASB’s) Clarity Project. The online version of Professional Standards, is the first place you can receive the codification of the new standards.

While the individual SASs are available in paperback, this online codified resource is what you need to update your firm audit methodology and begin understanding how Clarity changes certain ways you perform your audits. Until the spring of 2012, when a paperback version of the SAS codification is available, this online version will be the only AICPA offering containing the codified clarity SASs.

2011 Professional Standards Paperback

	Professional Standards offers a comprehensive source of pronouncements issued by the AICPA. Pronouncements are arranged by subject with amendments noted, superseded portions deleted, and conforming changes reflected.

Issued as of June 2011, Professional Standards includes four new standards:

SAS No. 121
SSARS No. 20
SSAE No. 17
SQCS No. 8

With purchase of the 2011 edition you will receive, at no additional cost, the companion booklet The Clarity Project: Background and Resources.

For more information about the 2011 edition and how to purchase it, visit our dedicated Professional Standards page.

Recently Issued AICPA Standards

SAS No. 125, Alert That Restricts the Use of the Auditor's Written Communication

SAS Nos. 122–124:

No. 122, Clarification and Recodification
No. 123, Omnibus Statement on Auditing Standards-2011
No. 124, Financial Statements Prepared in Accordance With a Financial Reporting Framework Generally Accepted in Another Country

AICPA Authoritative Literature Online

Offered in several formats, including online, the AICPA authoritative literature, many of our accounting and auditing publications, as well as the Management of an Accounting Practice Handbook, and Accountant’s Business Manual, are available through the AICPA Online Professional Library. The online version makes research easy with a powerful search engine, extensive linking within and between titles, and other new or enhanced tools and navigational aids. Plus, with the online version, you have the most current content at your fingertips.

Many subscription options are available including individual titles and several library options. Click here for additional details or to subscribe to the AICPA Online Professional Library offerings.

Experience the AICPA Online Professional Library today!

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Permission to Reuse Content

If you would like to reprint or reuse material from an AICPA publication, AICPA Rights and Permissions is available to assist you.

Featured Products

Codification of Statements on Auditing Standards

As of January 2011, this essential reference for auditors in non-public companies is fully updated and will help you find the exact information you need.

Codification of Statements on Standards for Accounting and Review Services

As of January 2011, this essential reference for auditors in non-public companies is fully updated for 2011 and will help you find the exact information you need.