Financial Reporting Center News and Newsletter Archive 



    Updates to SEC and CFTC Regulations and Related Audit and Attestation Reports of Brokers and Dealers and Futures Commission Merchants, Including Those That Are Dually-Registered

    The AICPA and the CAQ have issued a member alert outlining regulatory changes that are applicable to audits and attestation engagements of brokers and dealers and futures commission merchants, including those entities that are dually-registered. The alert is intended to highlight for audit firms certain auditing considerations in response to regulatory changes set forth by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as related guidance and standards issued by the Public Company Accounting Oversight Board (PCAOB). This alert also highlights related resources and programs, including the PCAOB's Inspection Program and Forums on Auditing Smaller Broker-Dealers, AICPA's Peer Review Program, and the AICPA's Stockbrokerage and Investment Banking Expert Panel.

    The alert is available on the Stockbrokerage and Investment Banking Expert Panel area of the Financial Reporting Center, or for direct download.


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    This series uses the ease and convenience of today's cutting-edge technology to provide cost-effective, quality, self-study audit training in an exciting and interactive online delivery.

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    • Professional Skepticism and Maintaining the Public Trust
    • Fraud Detection in a GAAS Audit
    • Risk Assessment and Introduction to Internal Control
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    • Auditing Cash
    • Auditing Property, Plant and Equipment
    • Auditing Accounts Payable and Accrued Expenses
    • Auditing Long-Term Debt

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    Previous editions of the FRC Newsletter are available below.

    Please note that the PDF versions are for archive purposes only and all hyperlinks have been disabled. Please search AICPA.org for more information on stories of interest below.


    Edition Date Contents Download

    May 5, 2014

    Significant Recent Activity Surrounding Conflict Minerals

    Additional Comfort Letter Guidance for Practitioners

    AICPA Q1'14 Disciplinary Actions Now Available

    Download

    April 21, 2014

    ASB Issues Three Governmental Pension Related Auditing Interpretations to SAS No. 122, as Amended

    Additional TPAs Released Related to Private Company Council Accounting Alternatives

    AICPA Conflict Minerals Task Force Develops Q&A on CMR Attributes

    Download

    April 7, 2014

    AICPA Committee and Task Force Updates Available

    First Quarter 2014 Report on Senior Committees

    Technical Issues Committee Alert, April 2014

    SOC 2SM Report with the Criteria in the Cloud Security Alliance (CSA) Cloud Controls Matrix (CCM)

    AICPA Releases Three TPAs Related to Private Company Council Accounting Alternatives

    Download

    March 24, 2014

    AICPA Releases Three New TIS Sections Related to Private Company Council Accounting Alternatives

    AICPA Conflict Minerals Task Force Develops Three New Questions and Answers

    Download

    March 10, 2014

    ASB Exposes Amendments to AU-C Section 920

    Significant Proposed Changes to Compilation Literature Exposed for Public Comment

    Exposure Draft Released Resulting From ARSC Clarity Project

    ASB Issues Additional Proposed Clarified SSAE on Attestation Engagements

    Download

    February 24, 2014

    ASB Exposes Amendments to AU-C Section 920

    Conflict Minerals Blog Post "A Golden Opportunity: Performing IPSAs of Conflict Minerals Reports"

    ASEC Issues Revision to the Trust Service Principles and Criteria

    Download

    February 10, 2014

    ASB Issues Clarified Auditing Standard on Internal Audit

    Final Rule Protects Customers and Customer Funds Held By FCMs

    Technical Issues Committee Winter 2014

    Download

    January 30, 2014

    ASB Issues Additional Proposed Clarified SSAE on Attestation Engagements

    Need an IPSA Audit? We Have CPAs for That!

    You Want Me to Verify What? Understanding & Responding to Third Party Verification Requests

    Download

    January 13, 2014

    AICPA Conflict Minerals Task Force Develops Seven New Questions and Answers

    The Financial Reporting Center and AICPA Insights Provide Additional Coverage of Concerns Regarding Providing Comfort Letters

    Download

    December 31, 2013

    AICPA Committee and Task Force Updates Available

    Fourth Quarter 2013 Report on Senior Committees

    AICPA Insights Live Webcast Series "Latest Trends Affecting CPAs"

    Download

    December 16, 2013

    AICPA Releases New TIS Section – 8100.03 “Using Current Auditing Standards for Audits of Prior Periods”

    New AICPA Accounting and Valuation Guide Assets Acquired to Be Used in Research and Development Activities and Related Webcast

    AICPA Insights Live Webcast Series “Latest Trends Affecting CPAs”

    Download


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