AICPA.Org Financial Reporting Center

Concerns Regarding Comfort Letters/Third Party Verification

Wed, 15 May 2013 09:28:27 GMT

CPAs continue to receive requests from their clients and business partners for comfort letters, or verification letters. The AICPA has gathered these resources to assist members in this request.

COSO Releases Updated Internal Control Framework

Tue, 14 May 2013 12:14:24 GMT

Information on the updated COSO document, Internal Control - Integrated Framework.

AICPA Conflict Minerals Resources

Mon, 13 May 2013 07:35:10 GMT

As the issue of Conflict Minerals gains more importance, the AICPA has begun its involvement in this crucial area. Find information and important links here.

Industry Insights

Mon, 06 May 2013 08:33:46 GMT

This Industry Insights page contains links to various guidance and expert panel information for key industries for accounting and auditing professionals.

Changes May Be Needed to Regulator-Prescribed Auditor's Reports

Wed, 01 May 2013 07:49:55 GMT

Auditor's reports, with new requirements under the Clarified Auditing Standards, have become troublesome for many auditors. When regulator-prescribed auditor's reports are also required, the AICPA has developed information to assist.

Improving the Clarity of Auditing Standards

Thu, 25 Apr 2013 07:06:39 GMT

The overall goal of the Clarity Project, a multiyear project of the Auditing Standards Board was to make the standards easier to read, understand and implement and to converge them with the International Standards on Auditing. Although the purpose of redrafting the auditing standards is for clarity

Proposed Revisions to Ethics and Compilation Standards

Tue, 02 Apr 2013 07:38:09 GMT

Two exposure drafts, proposed by PEEC and ARSC, have the potential to make significant changes to the landscape of compilation and review services. Get the information you need to voice your opinion.

White Papers

Wed, 27 Mar 2013 06:48:01 GMT

From time to time, the AICPA develops white papers in order to assist those in practice with new, emerging, or hot topics. All of the white papers are listed herein.

AICPA Professional Ethics Division Reports

Mon, 25 Feb 2013 08:51:52 GMT

The AICPA Professional Ethics Division carries out inspections in order to identify Violations on Professional Standards in Employee Benefit Plan engagements. The most common violations have been compiled in order to prevent further occurrences by making practitioners aware of items to avoid.

Professional Judgment

Thu, 21 Feb 2013 09:59:55 GMT

Auditors must use their experience and professional judgment at all times in order to properly conduct high-quality audits. The AICPA has gathered information on various professional judgment frameworks.

Clarity Project Archive Information

Wed, 13 Feb 2013 06:43:03 GMT

A repository of historical information related to the Auditing Standards Board's Clarity Project.

Peer Review Addresses Risk Assessment Deficiencies

Wed, 06 Feb 2013 08:19:31 GMT

The AICPA Peer Review Team has gathered data on common deficiencies found regarding the Risk Assessment Process and has created a video discussing those findings.

Evaluation of Current and Future State of XBRL

Thu, 31 Jan 2013 12:19:10 GMT

Whitepaper issued by Columbia Business School on research of the current and future state of XBRL and Interactive Data for investors and analysts

Continuous Assurance Working Group

Fri, 25 Jan 2013 12:21:11 GMT

The Assurance Services Executive Committee (ASEC) Emerging Assurance Technologies Task Force is responsible for developing a conceptual framework and guidance to capitalize on emerging technologies affecting the business information supply chain, covering both internal and external reporting.

Authoritative Level of Audit, Attest, Compilation, and Review Publications

Thu, 03 Jan 2013 07:48:52 GMT

This page outline the three levels of authority for auditing, attestation, and compilation and review publications. Also included are links to authoritative standards and the publications that fall within each category.

Current Economic Crisis: Going Concern Considerations—2012

Tue, 18 Dec 2012 07:17:37 GMT

The ongoing economic instability requires additional significant consideration of an entities ability to continue as a going concern. The AICPA has gathered valuable information related to this consideration.

Hurricane Sandy: The Profession Responds

Sat, 01 Dec 2012 06:15:21 GMT

Here, the AICPA provides disaster related resources to help those affected by Hurricane Sandy.

Audit Data Standard Working Group

Tue, 23 Oct 2012 13:20:34 GMT

ASEC’s Emerging Assurance Technologies Task Force established the Audit Data Standard working group to help develop new technologies that will contribute to the effectiveness, timeliness, and efficiency of the audit process.

Audit Data Standard Working Group

Tue, 23 Oct 2012 12:52:52 GMT

Continuous Assurance Working Group

Tue, 23 Oct 2012 12:51:33 GMT