Employee Benefit Plan Audits Considering the Potential for Fraud Issues
In planning and performing current-year benefit plan audits, practitioners should keep in mind that there is a potential for fraud to exist that needs to be considered in benefit plan engagements in a manner similar to how fraud issues are addressed in all audit engagements performed under U.S. GAAS.
Published on July 04, 2012
Special Issues Related to Financial Statement Presentation
How an entity presents information in its financial statements is vitally important because financial statements are a central feature of financial reporting—a principal means of communicating financial information to those outside an entity.
Published on May 25, 2011
Employee Benefit Plan Audits New Supplementary Information Requirements
In planning and performing current-year employee benefit plan audit engagements, practitioners need to consider some authoritative auditing technical literature that now needs to be implemented.
Published on June 20, 2012
SAS No. 115 Audit Risk Alert Guidance
The AICPA Accounting and Auditing Publications team, following approval by the Audit and Attest Standards Staff, has released some implementation guidance that should be very helpful to practitioners in their efforts to appropriately-implement the new SAS No. 115, control deficiency evaluation and communication requirements.
Published on February 18, 2009
Special Issues Related to Cash and Cash Equivalents
Although accounting for cash is generally straightforward, there are a few balance sheet presentation issues with cash: cash that is restricted from use must be reported separately from unrestricted cash, and be excluded from current assets in a classified balance sheet. In addition, certain short-term, highly liquid debt investments are
Published on March 28, 2012
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