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.
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 issued a statement from its President and CEO, Barry C. Melancon, on the congressional passage of the Tax Cuts and Jobs Act.
The AICPA issued a new guide, Guide to Audit Data Analytics, designed to provide an introduction and overview of data analytic techniques to assist financial statement auditors during their audit engagements.
Kimberly Ellison-Taylor spoke at the AICPA Conference on Current SEC and PCAOB Developments on three critical areas for the profession.
The AICPA Revenue Recognition Task Forces have posted several revenue recognition issues, as the result FASB ASU 2014-09, Revenue from Contracts with Customers.
This primer provides a general overview of MEPs and MEWAs and includes discussions of applicable laws and regulations, plan structure and operations, and unique filing requirements, and also provides references to additional resources.
Visit the task force pages to comment on the individual exposure drafts.
This SOP supersedes Attestation Interpretation No. 1, “Third-Party Due Diligence Services Related to Asset-Backed Securitizations: SEC Release No. 34-72936,” of AT-C section 215, Agreed-Upon Procedures Engagements (AICPA, Professional Standards, AT-C sec. 9215).
The report details the past year’s activities and accomplishments as part of its EAQ initiative.
Visit the task force pages to comment on the individual exposure drafts.
Gain a full understanding of the potential impact of the Revenue Recognition standard (Topic 606).
This AICPA document focuses on the guidance contained in the FASB's new revenue guidance and provides a roadmap for understanding and implementation.
AICPA’s Revenue Recognition Task Force seeks feedback on implementation issues for aerospace & defense, broker-dealers, power & utilities, communications, asset management, engineering & construction, and software industries.
The ASB discussed changes to its Operating Policies, including adding an option to abstain and the need for outreach to users of the audit report. Revised Operating Policies will be circulated through email for ASB final review and approval.
Visit the task force pages to comment on the individual exposure drafts.
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.
We submitted our critique of the AICPA’s proposed financial instrument valuation framework and related credential.
David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group
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