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Center for Audit Quality

Comment Letter Comment letter from the CAQ on the September 4, 2009 ethics exposure draft.
Published on April 14, 2010

Ethics Products

Practice Aid Professional Ethics products and resources. Tools and resources to help CPA's navigate issues like independence compliance, audit risk alerts, compliance standards and more
Published on March 20, 2013

AICPA PEEC Comment Letter to IESBA Dated April 30, 2007

Comment Letter Comment letter dated April 30, 2007 from the PEEC to the IESBA on its Exposure Draft: Section 290, Independence— Audit and Review Engagements /Section 291, Independence—Other Assurance Engagements
Published on April 14, 2010

October 15, 2007 PEEC Comment Letter to the IESBA

Comment Letter October 15, 2007 PEEC Comment Letter to the IESBA on its July 2007 - Exposure Draft: Section 290, Independence—Audit and Review Engagements / Section 291, Independence—Other Assurance Engagements
Published on April 14, 2010

June 2012 Omnibus Exposure Draft of the Professional Ethics Division

Exposure Draft ...that clarifies, among other things, that the preparation of financial statements would be considered a nonattest service, regardless of whether such service was performed as part of an attest (audit, review, or
Published on August 27, 2012

AICPA Comment Letter on PCAOB Concept Release

Comment Letter ...Institute of Certified Public Accountants’ ("AICPA") comments on the Public Company Accounting Oversight Board’s ("PCAOB" or "Board") Rulemaking Docket Matter No. 037, "Concept Release on Auditor Independence and Audit Firm Rotation" (the "Concept Release
Published on December 14, 2011

2007 September 11 Comment Letter to the PCAOB

Comment Letter Joint comment letter dated September 11, 2007 from the PEEC and CAQ to the PCAOB regarding proposed ethics and independence Rule 3526, Communication with Audit Committees Concerning Independence and proposed amendment to Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles
Published on April 18, 2010

PEEC Non-Enforcement Policy

Article ...it will not take enforcement action against a member who is a member of a group engagement team in cases where a foreign component auditor involved in the group audit is not in compliance w
Published on February 27, 2012

PEEC Comment Letter to IESBA on Engagement Team

Comment Letter ...AICPA's Professional Ethics Executive Committee (PEEC) issued a comment letter on the IESBA's engagement team exposure draft. The PEEC agrees with the IESBA that individuals within an audit client’s internal audit function providing direct assistance on the engagement in accordance with ISA 610, Using the Work of Internal Auditors should
Published on May 21, 2012

2007 December 3 Comment Letters on Proposed Ethics Interpretation 501-8

Exposure Draft ...Exposure Draft on proposed Interpretation 501-8 - Failure to Follow Requirements of Governmental Bodies, Commissions, or Other Regulatory Agencies on Indemnification and Limitation of Liability Provisions in Connection With Audit and Other Attest Services
Published on March 14, 2010

2010 September Comparison of Proposed GAO Independence Standards to AICPA and IFAC

Article ...to the independence proposals contained in the GAO August 2010 Exposure Draft. The topics compared include: Definition of Independence, Conceptual Framework, Threats to Independence, Safeguards, Engagement Period, Specialists, Non-audit Services -Various Services and Documentation, General Activities and Management Responsibilities
Published on September 17, 2012

June 9, 2005 PEEC & DIEP Comment Letter on the Proposed Interagency Advisory

Comment Letter ...2005 PEEC & DIEP Comment Letter on the proposed interagency advisory on the unsafe and unsound use of limitation of liability provisions and certain alternative dispute resolution provisions in external audit engagement letters
Published on September 21, 2012

AICPA Comment Letter on the EU Green Paper

Comment Letter The December 8, 2010 letter from the AICPA to the European Commissioner for Internal Market and Services regarding the European Commission Green Paper on Audit Policy: Lessons from the Crisis. The letter comments on the key issues and topics outlined in the Green Paper and where
Published on December 07, 2010

August 31 2008 PEEC Comment Letter to IESBA

Comment Letter Comment letter from the PEEC to the IESBA dated August 31, 2008 related to the IESBA's May 2008 Exposure Draft on Section 290, Independence—Audit and Review Engagements
Published on April 14, 2010

Basis for Conclusion Document for NonAttest Services

Report ...Committee) in revising in 2003 Interpretation 101-3, Performance of Other Services (AICPA, Professional Standards, vol. 2, ET sec. 101.05) and deleting in 2003 Interpretation 101-13, Extended Audit Services (AICPA, Professional Standards, vol. 2, ET sec.101.15
Published on April 27, 2010

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Related AICPA Products



Not-for-Profit Entities Audit and Accounting Guide

New edition updated as of March 1, 2013. The most up-to-date resource available to assist you with understanding the unique applications of financial statements and reports for not-for-profit entities.



Employee Benefit Plans: Audit and Accounting Guide

Updated January 1, 2013. A handy tool for auditors or accountants who work with employee benefit plans. It offers hands on advice for planning, risk assessment, internal control, and plan tax status. Packed with information on new requirements, including new audit report requirements, this Guide is the industry standard and an indispensable resource.



Investment Companies - Audit and Accounting Guide

This new edition, updated as of May 1, 2013, offers “best practice” discussion of industry-specific issues such as fair value accounting and related valuation techniques, complex capital structures, financial instruments, and investment company taxation. The guide has been updated for clarified auditing standards and includes interpretive guidance for the provisions of FASB ASU No. 2011-04.

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