Search Results

    Page  1
    Showing results 1 - 6 of 6
    Order by:


    Management-Use Only Compilations Specific Engagement Issues

    Article Accountants have been preparing and presenting financial statements that are not intended to be used by third parties for years. Accountants preparing these financial statements are required to follow the compilation performance requirements in AR section 80, but are afforded a nonreporting option in paragraphs 22-24.
    Published on May 29, 2014

    Lender Comfort Letters Confirmation of Client Information

    Article Since no-documentation and low-documentation loans continue in popularity within the lending community, especially when loans are being made to self-employed persons, it is not uncommon for practitioners to receive requests from their clients, lenders, or loan brokers to confirm client information related to the pending loan application.
    Published on May 28, 2014

    Comfort Letters & Other Verification Documents Risks & Professional Requirements

    Article It is not uncommon for practitioners to receive request from clients, lenders, loan brokers, health insurance providers, adoption agencies, regulators, and a variety of other agencies to confirm client information.
    Published on May 28, 2014

    Employee Benefit Plan Audit Update DOL Developments and New Reporting and Disclosure Recommendations

    Article Recently, the Employee Benefits Plan Security Administration has performed an assessment of firm quality based on firm size and provided their findings and suggestions. In addition, the Financial Reporting Executive Committee of the AICPA released an overhaul of the Employee Benefit Plan Accounting and Auditing Guide that includes several financial
    Published on July 16, 2014

    Service Organization Control (SOC) Reporting Focusing On Some Engagement Issues

    Article In 2011, to provide the framework for practitioners to examine controls and to help management understand the related risks, the AICPA established three Service Organization Control® [SOC] reporting options [SOC 1, SOC 2 and SOC 3 reports].
    Published on May 29, 2014

    AU-C Section 450 Evaluation of Misstatements Identified

    Article In implementing the clarified auditing technical literature guidance, auditors will notice some modifications associated with requirements that need to be addressed when understanding how misstatements identified during audit engagements need to be evaluated
    Published on May 28, 2014

    Page  1
    Showing results 1 – 6 of 6
    Show Results per page
    Copyright © 2006-2014 American Institute of CPAs.