AU-C Section 250 Illegal Acts Issues in Financial Statement Audits
In implementing the clarified auditing technical literature guidance, auditors will notice some modifications associated with requirements that need to be addressed when considering the potential for reporting entity noncompliance with laws and regulations, and how identified instances of noncompliance might impact audit procedures, audit documentation, and auditor communications.
Published on June 20, 2012
2012-2013 Audit Risk Alert Addressing Some Current Audit Issues
Each year, the AICPA releases its general Audit Risk Alert, and the 2012-2013 Alert, entitled General Accounting and Auditing Developments, now has been released.
Published on February 13, 2013
Error Corrections Accounting and Reporting Issues
This report covers both the accounting and reporting issues when dealing with error corrections in a compilation, review, or audit engagement.
Published on September 17, 2014
AU-C Section 708 Consistency of Financial Statements
In implementing the clarified auditing technical literature guidance, auditors will notice some new requirements and guidance associated with addressing inconsistencies reflected in financial statements being audited.
Published on January 30, 2013
Special Report Going Concern- New Auditing Interpretations Issued
This special report discusses four new auditing interpretations recently issued related to going concern.
Published on January 27, 2015
FASB/PCC Private Company Accounting Alternatives Preferability Questions Under FASB ASC 250
This report provides some background on the issue of preferability, as well as addresses some of the common questions and concerns as they relate to the private company accounting alternatives.
Published on March 18, 2015
Policy Note Disclosures U.S. GAAP & OCBOA Financial Statements
Whether financial statements are prepared using U.S. GAAP or using an other comprehensive basis of accounting [OCBOA], it is important for practitioners to consider the appropriateness of note disclosures, as well as measurements included in the financial statements, when they are performing the entire spectrum of attest engagements.
Published on October 12, 2011
Compilation & Review Alert Addressing Some Current Issues
Each year, the AICPA publishes a compilation and review alert that is intended to provide practitioners with an update on recent practice issues and professional standards that affect compilation and review engagements
Published on April 10, 2013
Technical Practice Aid Guidance Supplementary Information & Other Matters
On October 16, 2012, the AICPA released seven Technical Practice Aids [TPAs] addressing a variety of different matters.
Published on December 19, 2012
Employee Benefit Plan Audits Addressing Some General Audit Considerations
In planning, performing, and reporting on 2012 and subsequent year employee benefit plan [EBP] audits, the new clarified auditing standards now fully are in play and implementation of those standards will have a significant impact on audit engagements.
Published on July 17, 2013