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    Archived 2009 Team or Review Captain Checklists 

    Updates – 2009 Engagement Checklists and Practice Aids

    The 2009 version of all documents are in PDF format. The PDF version will allow users to easily complete the checklists, eliminate formatting issues, allow users to save and print, and does not require the purchase of additional software. The latest version of Adobe Reader is available for free at http://www.adobe.com/products/acrobat/readstep2.html.

    If you do not currently have a subscription for the manual or need to follow up on your subscription, you should contact the AICPA Store at www.cpa2biz.com.

    General Notes:

    Each section of the manual has been updated for the revised Peer Review Standards, effective January 1, 2009.

    The Quality Control Questionnaires (sections 4300 and 4400) were updated in 2009. If the appropriate questionnaire is completed by the firm in adequate detail prior to January 1, 2009, it can normally be used to comply with Statement on Quality Control Standards No. 7, effective January 1, 2009. The questionnaires are not intended to be used as the quality control document for large firms with complex systems of quality of control.

    Section 22,300, the “Financial Reporting and Disclosure Checklist,” is required for the general audit, and also the general review and compilation with full disclosure engagement checklists. It is not required for compilations that omit substantially all disclosures.

    Update to HUD Audit Guide

    At the time of the development of the checklists, HUD was, and still is, in the process of updating the HUD audit guide on a chapter-by-chapter basis. This approach by HUD has made it difficult to update the HUD checklist. The status of each chapter is included in the instructions to the HUD Checklist (Section 22,090), along with the related effective dates. Therefore, in reviewing chapters that have been updated by HUD, reviewers should use the HUD checklist in conjunction with the updated chapter from the HUD audit guide. Upon completion of the HUD audit guide overhaul, this checklist will be revised to be consistent with the guide. Reviewers should also note that although chapter 2 of the HUD audit guide has not been updated in its entirety as of the date of this checklist, HUD has issued two internal control illustrative auditor’s reports (Exhibits B and B-1) to incorporate terminology from SAS 112, Communicating Internal Control Related Matters Identified in an Audit.

    Changes to ERISA Industry Codes

    The ERISA Industry Codes have been revised for the 2009 documents. The codes no longer differentiate between limited and full scope audits. A separate code has been created for ESOP plans.

    Additional Documentation

    As with the previous checklists in MS Word, if additional documentation is necessary for any checklist or practice aid item, the reviewer should attach separate pages, with the additional documentation, to the checklist or practice aid.

    Digital Signature

    The checklists and practice aids in PDF format allow the documents to be digitally signed. However, the documents can still be printed and signed manually, as well.

    The 2009 documents must be used for all peer reviews commencing on or after January 1, 2009.

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    Give your students real-world tax experience with a VITA program

    Article Volunteer Income Tax Assistance programs let students give back to their communities while gaining valuable hands-on experience in tax preparation. What’s more, faculty advisers find them rewarding to run. Here’s everything you need to know to get started.
    Published on February 09, 2016

    Research Spotlight Virtual reality makes auditing come to life

    Article Discover how three faculty members used Second Life to create a virtual warehouse for their students to audit—complete with real-world problems like uncooperative employees and missing inventory.
    Published on February 09, 2016

    Tax Ethics & Professional Standards

    Overview This page provides guidance and information on tax ethics & professional standards for tax practice, as well as practice aids and resources to help members elevate their practices and maintain the highest ethical standards.
    Published on February 05, 2016

    2015 Tax Organizers

    Tax Organizer 2015 tax organizers that are part of the annual compliance kit for tax section members
    Published on February 05, 2016

    Tax Identity Theft Information & Tools

    Overview Identity theft is a growing area of concern for taxpayers and practitioners.  The AICPA has created this page to provide members with information about preventing identity theft, including tips to provide clients, and steps to take if it occurs.
    Published on February 05, 2016

    Personal Financial Planning Boot Camp Registration

    Overview The Personal Financial Planning Boot Camp provides attendees with an overview of all areas of the PFP discipline in a systematic manner to prepare them for the PFS exam.
    Published on February 05, 2016

    Busy Season Resources for CPAs

    Tools Get a quick-reference list of all key resources for accountants to use for the tax busy season. Utilize effective tools and resources for the current filing season.
    Published on February 05, 2016

    Tangible Property Regulations - Repair Regs Guidance and Resources

    Overview All taxpayers with depreciable assets or who buy, sell, improve, or dispose of assets must comply with the tangible property regulations for tax years beginning on or after Jan. 1, 2014. Certain businesses may need to file Form 3115, Application for Change in Accounting Method, to request a change in
    Published on February 05, 2016

    Tax

    Overview AICPA is committed to promoting CPAs as the most trusted professional and premier provider of tax services. We offer information and resources related to tax return planning, preparation, examination and representation, with practices tools to assist with navigating IRS, tax practice quality control and management, as well as guidance and
    Published on February 05, 2016

    Rules of Procedures for Reviewers

    Overview Download a pdf file of the Rules of Procedures for Reviewers.
    Published on February 05, 2016

    AICPA Online Professional Library

    Overview Description of the AICPA online libraries
    Published on February 05, 2016

    Personal Financial Planning CPE & Events

    Webcast Our webcasts, conferences and audio streams give PFP section members, inclusive of CPA/PFS credential holders, the opportunity to learn about timely issues as well as interact with their peers.
    Published on February 04, 2016

    Personal Financial Planning & CPA/PFS Webcasts

    Webcast Our webcasts give PFP section members and CPA/PFS credential holders the opportunity to learn about timely issues as well as interact with their peers.
    Published on February 04, 2016

    Personal Financial Specialist (PFS) Exam

    Overview Learn how to prepare for the PFS exam. Ideal if you are a an accounting professional pursuing the Personal Financial Specialist (PFS) credential or a regular CPA looking to improve your financial planning knowledge.
    Published on February 04, 2016

    The CPA Personal Financial Specialist (PFS) Credential

    Overview Learn about the Personal Financial Specialist (PFS) Credential.
    Published on February 04, 2016

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