SSARS No. 19 Compilation Reports on Prescribed Forms
Related to compilation reports, some special attention is provided to prescribed form reporting in legacy document SSARS No. 3 [AR Section 300]. Now, practitioners need to consider modifications to that previously-utilized guidance due to implementing SSARS No. 19
Published on December 22, 2010
403[b] Plans An Overview of Some Recent Issues
Effective with 2009 plan year Form 5500 filings, ERISA-covered 403[b] plans that are considered to be “large” plans, became subject to Department of Labor [DOL] requirements to have annual audits of their financial...
Published on April 28, 2010
Compilation Engagements Preparing for Significant Changes
...2012, the AICPA Accounting and Review Services Committee [ARSC] released an exposure draft containing three proposed Statements on Standards for Accounting and Review Services [SSARSs]. If adopted in final form, the guidance will change the landscape of compilation engagements
Published on August 01, 2012
CPEA Special Report Addressing Regulatory Reports & Verification Requests
This Center for Plain English Accounting special report includes some information on how certain regulatory reporting issues should be addressed and how certain verification requests from clients and third parties might be handled.
Published on November 06, 2013
Some Issues Related to Mandatorily-Redeemable Equity
In May 2003, the FASB issued SFAS No. 150, entitled Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity. While this document is limited in its scope, it has the potential to have a “significant impact” on financial statements of private companies.
Published on May 17, 2006
Compilation and Review Engagements Focusing on Some Documentation Miscues
As practitioners are planning to perform calendar-year 2013 compilation and review engagements, it might be helpful to focus on some frequently-encountered documentation deficiencies that are noted in these type engagements.
Published on December 18, 2013
Accounting for Company-Owned Insurance Programs
Now that reporting entities [and practitioners associated with those entities] have “entered” calendar-year 2008, some of the accounting authoritative literature guidance that becomes effective in the first quarter of 2008 calendar-years is being considered carefully.
Published on January 09, 2008
Special Issues Related to Home Builders and Real Estate Sales
Because of the complexities of many real estate transactions and the plethora of rules that have evolved over the years, numerous questions arise in these areas.
Published on March 17, 2010
Compensated Absences, Postemployment Benefits, and Bonus Agreements
The primary authoritative literature that addresses compensated absences is FASB ASC 710.
Published on July 08, 2009
Some Frequently Asked Questions and Answers
Recently, several questions have been raised related to how certain technical literature guidance should be implemented appropriately. These questions relate to subsequent events issues, material uncertainty issues, and independence issues.
Published on January 06, 2010