White Papers 

The AICPA provides white papers for its members to provide updates on new or highly debated issues in the profession.

• Financial Reporting Brief The FASB/IASB Revenue Recognition Accounting Project
• Financial Reporting Brief The FASB/IASB Lease Accounting Project
• Financial Reporting Brief FASB Financial Instruments Project: An Update
• Financial Reporting White Paper The AICPA’s Guide to Clarified and Converged Standards for Auditing and Quality Control

Notice to Readers

Whitepapers are an other auditing publication as defined in AU section 150, Generally Accepted Auditing Standards (AICPA, Professional Standards, vol. 1). Other publications have no authoritative status; however, they may help the auditor understand and apply the Statements on Auditing Standards, or the practitioner apply other relevant standards.

Note that if an auditor applies the auditing guidance included in an other auditing publication, he or she should be satisfied that, in his or her judgment, it is both relevant to the circumstances of the audit and appropriate. Any auditing guidance in these document has been reviewed by the AICPA Audit and Attest Standards staff and published by the AICPA and is presumed to be appropriate. This document has not been approved, disapproved, or otherwise acted on by a senior technical committee of the AICPA.