SSARS NO. 21 ISSUED Major Changes for Accountants Who Prepare Financial Statements
On October 23, 2014, the ARSC released SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification which represents ARSC’s efforts to clarify and revise the standards for reviews, compilations, and engagements to prepare financial statements.
Published on October 30, 2014
About the CPEA Professional Staff
The CPEA about us page describes the mission and staff of the CPEA. Provides biographical information about the AICPA employees and outside fellows who provide the services of the CPEA to members.
Published on October 06, 2014
SFAS No. 144 Implementing Accounting for the Impairment or Disposal of Long-Lived Assets
September 19, 2007 While most of the authoritative technical literature guidance associated with “when” noncurrent assets are considered to be impaired and “how” impairment losses associated with these assets should be reflected in financial stat
Published on September 19, 2007
Some Issues Related to Intermediary and Agency Transactions
Over the past several months, we have received several inquiries related to the appropriate accounting by not-for-profit organizations for intermediary and agency transactions.
Published on January 24, 2007
The Clarified Auditing Standards Focusing on Some Initial Peer Review Findings
As auditors begin planning and performing calendar-year 2013 financial statement audits, they will be in the second cycle of using the new authoritative guidance that became effective for audits of financial statements for periods ending on or after December 15, 2012.
Published on December 18, 2013
SSARS No. 21 Changes in the Landscape for Accountants in Public Practice Who Prepare Financial Statements
SSARS No. 21 represents the most significant changes to the compilation and review literature in decades, and draws a bright line between accounting and reporting services.
Published on November 19, 2014
Special Issues Related to Property, Plant, and Equipment
Property, plant, and equipment includes tangible assets acquired for long-term use in the normal operations of a business. If an outlay will provide a service benefit beyond the current period, it is a capital expenditure and is recorded as an asset
Published on November 09, 2011
Restricted Use Reporting Common Practice Issues and Examples
This report discusses considerations when accountants determine they need to restrict use of their compilation, review, or audit reports.
Published on November 19, 2014
SAS No. 124 Auditing Financial Statements Prepared In Accordance With a Reporting Framework Generally Accepted In Anothe...
On October 5, 2011, simultaneously with the issuance of the “Super SAS” that serves to clarify and converge U.S. generally accepted auditing standards with International Standards on Auditing [ISAs] as issued by the International Auditing and Assurance Standards Board [IAASB], the ASB issued Statement on Auditing Standards [SAS] No. 124.
Published on November 23, 2011
Construction Contractors Reporting on Supplementary Information
The next edition of the AICPA Guide, Construction Contractors, will include updated sample financial statements and supplementary schedules to assist those preparing, compiling, reviewing, and auditing financial statements for construction contractors.
Published on June 18, 2014