Publication: The following is a summary of some of the professional requirements related to analytical procedures to assist you in performing your audit engagements
Published on July 16, 2012

Analytical Procedures - Compilation and Review

Article: ...One of the more common peer review matters in review engagements relates to the failure to document expectations when performing analytical procedures and to compare results to those expectations. Although many small businesses do not prepar
Published on October 28, 2011

Overhaul of AAG Property and Liability Insurance Entities

Guide: The Financial Reporting Executive Committee (FinREC) of the AICPA has issued a working draft of the accounting content of a proposed Audit and Accounting Guide Property and Liability Insurance Entities. This proposed guide addresses many new accounting issues that have emerged over the years and includes guidance dedicated specifically to
Published on June 27, 2012

Planning and Supervision

Publication: This excerpt from the the AICPA's 2012 Audit Guide Assessing and Responding to Audit Risk in a Financial Statement Audit contains excerpted guidance on the risk assessment procedures
Published on May 14, 2012

Basic Elements of a Review Report

Article: One of the more common peer review matters identified in review engagements relates to firms' not following the basic report elements as required by the SSARS. The standard review report should identify the financial statements reviewed in the opening
Published on July 15, 2011

Understanding the Entity

Article: 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

Article: 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 The required wording that the engagement could not be
Published on April 02, 2013

Peer Review Matters

Article: Peer review is a critical component of financial reporting quality. The AICPA Peer Review program plays a significant role in ensuring that financial reporting is proper and in ensuring that practitioners have the tools necessary. The Peer Review team keeps practitioners abreast on the most recent findings to ensure that
Published on January 19, 2012

Audit and Attest Services

Article: If you perform audit and attest engagements, the information and resou
Published on March 21, 2013

Recently Issued Technical Questions and Answers

Article: The questions and answers in this section are not sources of established authoritative principles. This material is based on selected practice matters identified by the staff of the AICPA's Technical Hotline and various other bodies within the AICPA and has not been approved, disapproved, or otherwise acted upon by any
Published on March 22, 2013

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Related AICPA Products

Compilation and Review Engagements - AICPA Guide

Provides interpretive guidance on the requirements of Statements on Standards for Accounting and Review Services (SSARS) for compilation & review engagements. Contains illustrative engagement and representation letters, illustrative accountants compilation and review reports, detailed illustrations (including illustrative client inquiries), and case studies.

AICPA Audit and Accounting Guide Set -- Online Subscription (Academic)

This Audit and Accounting Guide summarizes applicable practices and delivers "how-to" advice for handling almost every type of financial statement.

Gaming Audit & Accounting Guide

This guide provides "how-to" guidance on planning, performing and reporting on Gaming engagements, as well as information for members in practice in the Gaming industry. It explains the accounting and auditing for many types of Gaming industry issues, including up-to date information such as recently issued Accounting Standards Updates and GASB Statements and their effect on the industry. This Guide has been fully conformed to reflect the new standards resulting from the Clarity Project.