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Member Only Content

2011 Team and Review Captain Checklists 

You can download Checklists, Questionnaires and other Material to Perform System Reviews.
You can download Checklists and other Material to Perform Engagement Reviews

You can review the latest Release Notes.

General Notes:

The June 2011 release of the Peer Review Program Manual should be mailed to subscribers by the end of July 2011.  If you have not received your update by then, please contact AICPA Member Services at 888.777.7077.

The checklists have been updated for SSARS 19, which is effective for compilations and reviews of financial statements with periods ending on or after December 15, 2010.  Peer reviewers should use checklist 20,200A, 20,300A, 23,200A and 23,300A for engagements with periods ending before December 15, 2010.

The checklists have been updated through FASB Accounting Standards Update number 2010-18.

The Quality Control Questionnaires (sections 4300 and 4400) were updated in 2010 and again in 2011. If the appropriate questionnaire is completed by the firm in adequate detail, 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.

Additional Documentation

As with prior versions, if additional documentation is necessary for any checklist or practice aid item, you should attach separate pages, with the additional documentation, to the checklist or practice aid.

Supplemental Checklists

Reviewers should now complete the supplemental checklists for engagement reviews, or document the reason(s) he or she did not in the Review Captain’s Checklist.  For reviews of compilations that omit substantially all disclosures, the reviewer may choose to complete the supplemental checklist, but it is not required.

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.

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Article The AICPA offers members discounts on Lenovo products.
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The CPAs Guide to Financial and Estate Planning

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AICPA Member Insurance Programs

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AICPA Credit Cards

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2016 Tax Advocacy Comment Letters

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Published on September 27, 2016

AICPA Recommendations on Notice 2016-48, Implementation of PATH Act ITIN Provisions

Comment Letter The AICPA has provided recommendations to the IRS regarding Notice 2016-48, Implementation of the PATH Act ITIN Provisions.  Among the recommendations are a request for additional notice and outreach by the IRS to those taxpayers with expiring ITINs, allowing early renewal of ITINs set to automatically expire in later years,
Published on September 27, 2016

GAQC Membership Dues

Article Information on paying membership dues and a calculator tool to calculate fees. Dues for membership in the Governmental Audit Quality Center are based on the number of CPAs in your firm as of the date of your firm's most recent fiscal year end and are assessed annually.
Published on September 27, 2016

Why Multitasking Doesnt Get You Ahead

Article Client/company work, Facebook, Twitter, texts, and emails—we are constantly multitasking to get more done in a shorter amount of time. Although it’s generally believed that young adults excel at multitasking, a recent study at Stanford found that no one multitasks very well, no matter how old they are. Learn to
Published on September 27, 2016

Make 2013 a Success An Interview With Rebecca Ryan

Article Learn how to make 2013 a success.  An interview with Rebecca Ryan uncovers what motivates the next generation of CPAs.
Published on September 27, 2016

The Edge Newsletter Archived Articles 2015

Article 2015 Young CPA Edge Newsletter article archive.
Published on September 27, 2016

8 tips for surviving busy season

Article The 60-hour, six-day workweeks can create a hectic office environment. But if they manage their time correctly and take steps to lower their stress levels, young CPAs can survive and even thrive during this period.
Published on September 27, 2016

EDGE Experience

Conference Overview EDGE is all about your professional role today, your goals for the future and how to close the gap with new leadership and communication skills, technical know-how, expanded career connections and so much more.
Published on September 27, 2016


Article Effective mentoring relationships start with trust and a good quality match between mentor and the young CPA. Whether an informal or formal arrangement, mentoring can be a great investment for both you and your firm.
Published on September 27, 2016

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