Accounting & Auditing

Accounting Standards-Setters to be Overhauled
Read about upcoming changes to FASB and GASB.

PCAOB Proposes New Auditing Standard: Engagement Quality Review
Comments are due by May 12, 2008.

New Auditing Standard No. 6: Evaluating Consistency of Financial Statements

Center for Audit Quality Reports on First Year
Review the progress in improving public confidence in the audit process.

AICPA encourages review and comment of FASB Accounting Standards Codification™
Organizes thousands of pronouncements, comprising GAAP into a single, easily accessible source. Comment and provide feedback free of charge during one year verification period.

FASB Agrees to Defer FIN 48

PCAOB Approves Auditing Standard No. 6
View info on "Evaluating Consistency of Financial Statements," and an accompanying set of amendments to its interim auditing standards.

Center for Audit Quality Monthly Newsletter

Download AICPA’s Practice Guide on Accounting for Uncertain Tax Positions under FIN 48

Understanding SAS No. 112
The AICPA staff has developed guidance to help practitioners better understand and implement the requirements of SAS No. 112, Communicating Internal Control Related Matters Identified in an Audit.

A&A Committee Comments on Private Company Financial Reporting Proposal
Go to the My Membership section for more information on the A&A Procedures Committee and get a roster of participating members.

AICPA Issues New Risk Assessment Auditing Standards

FASB – www.fasb.org

PCAOB – www.pcaob.org

SEC – www.sec.org

AICPA – www.aicpa.org

Ethics
Documents that will provide guidance on issues like the PICPA Code of Ethics, Records Retention and How to File a Professional Ethics Complaint

Links
Find links to other A&A related Web sites.

Better Review and Compilation Guidance
By Mitchell K. McKenney, CPA
Pennsylvania CPA Journal, Spring 2008

Don’t Trip Over that Embedded Derivative
By Thomas Rees, CPA
Pennsylvania CPA Journal, Spring 2008

Are You Prepared to Assess Fraud Risk Factors?
By Vijay R. Chemuturi, CPA
Pennsylvania CPA Journal, Winter 2008

JEEP: A Vehicle for Navigating Difficult Ethics Terrain
By Ibolya Balog, CPA, and Thomas R. Clay, CPA
Pennsylvania CPA Journal, Winter 2008

Speeding toward Convergence: Changes to Come Rapidly for Accounting Profession
By Allison M. Henry
Pennsylvania CPA Journal, Winter 2008

Today’s World Demands Enhanced Business Reporting

Don't Lose Sight of SAS 114
By Richard E. Wortmann, CPA
Pennsylvania CPA Journal, Spring 2007

Revisiting the Document Retention Policy
Find out why you should have a document retention policy and how to create one.

Defining Fair Value
By Robert J. Dunlevy, CPA, CIA, CMA
Pennsylvania CPA Journal, Spring 2007

How the Sarbanes-Oxley Act of 2002 Impacts the Accounting Profession
Includes summary of the S-O Act provisions and impact on the accounting profession.

PICPA Peer-to-Peer Directory
You can contact expert PICPA members directly to get answers to your questions.

Get Involved
Join the PICPA Accounting and Auditing Procedures Committee.

Peer Review
Includes information for firms and reviewers regarding all aspects of the process.

A&A with George & Ray
This popular teaching team delivers annual A&A updates you can’t afford to miss!

Save on Your Professional Education
If you attend multiple PICPA professional education seminars, ClassPass can save you money.

PICPA Interactive Webcasts
Take advantage of quality professional education from the comfort of your desktop—it's convenient and affordable. Check out the upcoming list of hot topics!

Customized On-site Training
Choose from hundreds of top-quality seminars—nearly every course in the PICPA catalog and many more—delivered directly to your place of business.