ARSC Comment Letter on IAASB Exposure Draft and Consultation Paper

Comment Letter:  This comment letter from the ASB to the IAASB discusses the Proposed Policy Statement, “Clarifying Professional Requirements in International Standards Issued by the IAASB” and Consultation Paper: Improving the Clarity and Structure of IAASB Standards and Related Considerations for Practice Statements
Published on March 01, 2013

Peer Review

Issue Brief:  AICPA Issue Brief on whether CPAs should be required to undergo periodic review of their accounting and auditing practices
Published on April 05, 2012

AICPA Letter Helps Persuade COSO to Postpone Release of Internal Control Framework

Newsletter:  The CPA Advocate: June, 2012. AICPA told COSO its updated framework will be valuable to practitioners, but recommended additional guidance on how to consider weaknesses or absences of a principle when evaluating internal control effectiveness.
Published on June 12, 2012

AICPA Writes IRS about Proposed Regulations on Shareholder Debt of S Corporations

Newsletter:  The CPA Advocate: December, 2012.  The AICPA supported proposed regulations that would clarify the proper treatment of shareholder debt of S corporations, recommended that they be retroactive and suggested how IRS could help tax preparers better understand basis.
Published on December 19, 2012

AICPA Encourages GASB to Remove Certain Financial Statement Elements from Conceptual Framework

Newsletter:  The AICPA encouraged the Governmental Accounting Standards Board (GASB) to strongly consider removing the deferred outflows of resources and deferred inflows of resources elements from the Board’s conceptual framework.
Published on January 06, 2012

Cost Basis Reporting System Needs Work, AICPA Tells IRS

Newsletter:  The CPA Advocate: August, 2012. New formats for reporting capital gains and losses during the past tax season caused a lot of headaches for tax practitioners and taxpayers alike.  The AICPA made recommendations to correct existing problems.
Published on August 14, 2012

Successful Push for Penalty Relief on Delayed Forms

Newsletter:  The CPA Advocate: March 27, 2013.  The IRS recently announced late payment penalty relief for those taxpayers who are filing forms released after Jan. 30, addressing one of the AICPA’s requests to the agency to alleviate the burden of a compressed, post-fiscal cliff tax filing season.
Published on March 27, 2013

Foreign Trust Documents

Overview:  A summary of documents related to Foreign Trust issues, including AICPA comment letters and practitioner resources.
Published on May 15, 2013

AICPA Flags Concerns about IFACs International Ethics Standards Boards Exposure Draft on Responding to a Suspected Illeg...

Newsletter:  The CPA Advocate: December, 2012.  The AICPA Professional Ethics Executive Committee identified a number of concerns about requirements the proosal would impose on professional accountants in public practice and business and suggested alternatives.
Published on December 19, 2012

Audit, Attest, and Quality Control ASB Comment Letters

Comment Letter:  ASB comment letter to other organizations.
Published on May 20, 2013

Potts v. SEC

Legal Brief:  Brief of amicus curiae for the AICPA in support of the petition of Robert D. Potts. The SEC sanctioned Potts for ""improper professional conduct"" in performing duties as a concurring reviewer during an audit of certain financial statements in 1988 and 1989.
Published on April 02, 2013