The AICPA develops standards for audits of private companies and other services, provides educational guidance materials to members, develops the Uniform CPA Examination, and enforces compliance with the profession’s technical and ethical standards.
Website: www.aicpa.org
Did you miss this year’s AICPA Conference on Regulatory Developments? Read PwC Partner Beth Paul’s blog highlighting this year’s main themes, including simplification, upcoming ASU effective dates and more.
FinREC requests feedback on a working draft of accounting issues related to the implementation of Accounting Standards Update (ASU) No. 2016-13, Financial Instruments-Credit Losses.
ASB issued a summary of the topics discussed at the Board meeting on July 23-26, 2018.
This working draft was developed to assist preparers of ME plan financial statements in preparing financial statements, and to assist auditors in reporting on such financial statements.
This guide provides nonauthoritative guidance and illustrations for preparers of financial statements, independent auditors, and valuation specialists regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946.
The Revenue Recognition Task Force seeks feedback on new implementation issues for telecommunications and gaming.
This paper compares the SEC’s recommendations for public company cybersecurity disclosures to the AICPA’s cybersecurity risk management reporting framework.
Compare the SOC 2® examination and related report with a cybersecurity risk management examination and related report.
The AICPA Revenue Recognition Task Forces have posted several revenue recognition issues, as the result FASB ASU 2014-09, Revenue from Contracts with Customers.
The AICPA’s FinREC issued two working drafts of accounting issues related to implementation of FASB’s new standard for accounting for credit losses.
This file presents marked drafts of proposed AT-C Section 105, Concepts Common to All Attestation Engagements, and proposed AT-C Section 205, Examination Engagements.
The AICPA is exposing for comment "Revisions to SSAE No. 18, Attestation Standards: Clarification and Recodification". Comments are due on Oct. 11, 2018
The Confidential Client Information Rule provides that a member must not disclose confidential client information without specific consent of the client, with limited exceptions. Comments are due Aug. 20, 2018.
PEEC is proposing certain clarifications that will allow for a better understanding of where significant threats to independence exist. Comments are due June 15, 2018.
This memorandum also provides background to proposed amendments to heighten auditor focus on disclosures throughout the performance of an audit of financial statements.
The ED proposes to amend various AU-C sections in AICPA Professional Standards.
The proposed SAS will supersede AU-C section 720, Other Information in Documents Containing Audited Financial Statements.
AICPA proposal modifies restrictions on the types of leases that the Firm and individuals may enter into with audit clients.
Read our comment letter on the AICPA's independence proposal on state and local government entities.
Heather Horn
US Strategic Thought Leader, National Professional Services Group, PwC US
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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group, PwC US
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