FASB ASC 740 Disclosure Illustrations - Uncertain Tax Positions
Now that reporting entities that are private companies need to implement the full provisions of FASB ASC 740, questions have been raised as to how the guidance appropriately should be implemented in financial statements. In particular questions have arisen as to how the guidance needs to be reflected in financial
Published on February 17, 2010
Some Specifics Related to FIN 48 Issues
This section of your materials includes the “answer the question” related to the “debits and credits” associated with implementing FIN 48
Published on September 06, 2006
New OCBOA Guidance TPAs Address the Issues
In July 2010, the AICPA released three new Technical Practice Aids [TPAs] that should be helpful to reporting entities in preparing financial statements using an other comprehensive basis of accounting [OCBOA] and practitioners who are engaged to audit, review, or compile those statements.
Published on August 04, 2010
Comfort Letters & Other Verification Documents Risks & Professional Requirements
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 08, 2013
New Technical Practice Aid Guidance Addressing Various Issues
In June 2010, the AICPA released a flurry of Technical Practice Aid [TPA] guidance that addresses a wide-variety of accounting and reporting issues.
Published on July 21, 2010
403[b] Plans An Overview of Some Recent Issues
Effective with 2009 plan year Form 5500 filings, ERISA-covered 403[b] plans that are considered to be “large” plans, became subject to Department of Labor [DOL] requirements to have annual audits of their financial statements.
Published on April 28, 2010
Benefit Plan Audits Some Current Considerations
As practitioners are finalizing benefit plan audit engagements, some new issues and some continuing issues need to receive some focus to ensure that financial statements are prepared appropriately and audits are performed and documented appropriately.
Published on September 30, 2009
FASB ASC 740The OCBOA Financial Statement Issue
One of the more frequently-asked questions in the most recent financial reporting period relates to how the guidance in FASB ASC 740 needs to be addressed when financial statements are prepared on an other comprehensive basis of accounting [OCBOA].
Published on April 14, 2010
Related Party Transactions Considering some Audit Issues
The intent of the ASB in revising AU section 334, Related Parties, was to improve the auditor’s understanding of his or her responsibilities toward related-party relationships and transactions in an audit of financial statements. In some...
Published on April 16, 2014
Planning & Performing Audit Engagements Focusing on Some Frequently-Encountered Deficiencies
The Audit Risk Alert, General Accounting and Auditing Developments—2013/14, should prove to be a useful tool in helping auditors identify significant risks that may result in the material misstatement of financial statements.
Published on November 20, 2013