AICPA Alerts 

    The AICPA produces a number of Alerts that provide auditors of financial statements with an overview of recent economic, industry, technical, regulatory, and professional developments that may affect the audits and other engagements they perform. Updated annually, alerts also help identify the significant business risks that may result in the material misstatement of a client's financial statements. Audit Risk Alerts also can be used by an entity’s internal management to address areas of audit concern.

    Financial Reporting Alerts are designed to be used by members of an entity’s financial management and audit committee to identify and understand current accounting and regulatory developments affecting the entity’s financial reporting, especially those that are the result of recent economic developments. They are intended to help you achieve a more robust understanding of the current economic environment in which your entity is operating and are an important tool to help you identify the significant risks that may result in the material misstatement of your entity’s financial statements.

    Guidance in AICPA Alerts are authoritative with respect to the following:
    • Audit guidance in accordance with AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards
    • Compilation and review guidance in accordance with AR section 60, Framework for Performing and Reporting on Compilation and Review Engagements
    • Attestation guidance in accordance with AT section 50, SSAE Hierarchy

    Audit Risk Alerts Compilation & Review Alert  Other Alerts  Financial Reporting Alerts

    Employee Benefit Plans Industry Developments

    Financial Institutions Industry Developments: Including Depository and Lending Institutions and Brokers and Dealers in Securities

    General Accounting and Auditing Developments

    Government Auditing Standards and Circular A-133 Developments

    Health Care Industry Developments

    Insurance Industry Developments
    (including Life and Health Insurance Entities
    and Property and Liability Insurance Entities)

    Investment Companies Industry Developments

    Not-for-Profit Entities Industry Developments

    Real Estate and Construction Industry Developments

    State and Local Governmental Developments

    Understanding the Clarified Auditing Standards

    Understanding the Responsibilities of Auditors for Audits of Group Financial Statements

    Compilation and Review Developments

    Independence and Ethics Developments

    Service Organization Control Reports®: Considerations for User and Service Auditors

    Understanding the Financial Reporting Framework for Small- and Medium-Sized Entities

    Current Accounting Issues and Risks for Financial Management and Reporting

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