Recently Issued Technical Questions and Answers

Below, the AICPA will post recent questions and answers issued since July 2018. The questions and answers in this section are not sources of established authoritative principles. This material is based on selected practice matters identified by the staff of the AICPA's Technical Hotline and various other bodies within the AICPA and has not been approved, disapproved, or otherwise acted upon by any senior committee of the AICPA. Consult AICPA Technical Questions and Answers for all technical staff questions and answers issued by the AICPA.

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Auditing Questions and Answers

Section 8100.03, Generally Accepted Auditing Standards— Using Current Auditing Standards for Audits of Prior Periods (Issue Date: December 2013; Revised: March 2019)

Inquiry—An auditor is engaged to perform an audit of financial statements that are as of or for a period that ended prior to the effective date of certain applicable auditing standards currently in effect. Should the auditor use, in their entirety, the auditing standards and form of auditor’s report that are in effect at the time the audit is performed even though certain current standards were not in effect for that prior period, or should the auditor use, in their entirety, the auditing standards and form of auditor’s report that were in effect for that prior period?

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Accounting Questions and Answers

There are no recent accounting questions and answers.