This excerpt from the 2013 new edition of Audit and Accounting Guide Employee Benefit Plans discusses engagement letters
Published on June 12, 2013
Understanding the Entity
...One of the more common peer review matters in review engagements relates to the engagement letter. Some examples of matters identified include: The required wording that the engagement could not be relied upon to disclose errors, fraud, or illega
Published on July 22, 2011
Understanding the Entity
...One of the more common peer review matters identified in compilation engagements is related to engagement letters. Some of these matters include: Missing or lacking required signatures. The required wording that the engagement could not be
Published on April 02, 2013
This Industry Insights page contains links to various guidance and expert panel information for key industries for accounting and auditing professionals.
Published on December 02, 2013
Communication With Those Charged With Governance
...One of the more common peer review matters identified in audit and attest engagements is related to the auditor's communication with those charged with governance and specifically the a failure to document those communicatio
Published on April 03, 2013
Resources for SSARS No. 19
SSARS No. 19 represents one of the largest changes to the compilation and review standards since their creation. The AICPA offers a vast amount of implementation guidance and training on SSARS No. 19, including guides, risk alerts, toolkits and continuing professional education. Begin here to learn more.
Published on December 05, 2013
Improving the Clarity of Auditing Standards
The overall goal of the Clarity Project, a multiyear project of the Auditing Standards Board was to make the standards easier to read, understand and implement and to converge them with the International Standards on Auditing. Although the purpose of redrafting the auditing standards is for clarity and convergence and
Published on June 02, 2014
ARSC Clarity Project
The Accounting and Review Services Committee continues to work to clarify the Statements on Standards for Accounting and Review Services and have released an updated timeline for their completion.
Published on March 07, 2014
...One of the more common peer review matters identified in review engagements relates to the representation letter. Some examples of matters found include: Comparative financial statements were issued but the representation letter
Published on July 26, 2011
Communicating Internal Control Matters Identified in an Audit
This excerpt from the AICPA's 2012 Audit Guide Assessing and Responding to Audit Risk in a Financial Statement Audit discusses to communicate internal control matters identified in an audit.
Published on May 14, 2012