AICPA Amends the Description of the Concept of Materiality
The AICPA’s Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 138, Amendments to the Description of the Concept of Materiality, and Statement…
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AICPA Issues SSAE 19 on Agreed-Upon Procedures Engagements
The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 19, Agreed-Upon Procedures Engagements, to supersede AT-C section 215…
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AICPA Proposes Amendments to Incorporate Recent Auditor Reporting Changes
The AICPA has issued the Exposure Draft, Proposed Statement on Auditing Standards: Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes…
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AICPA Proposes New SAS on Auditing Accounting Estimates
The AICPA’s Auditing Standards Board (ASB) has issued the Exposure Draft, Proposed Statement on Auditing Standards: Auditing Accounting Estimates and Related Disclosures. The comment deadline…
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FASB Proposes to Improve Guidance on Distinguishing Liabilities from Equity
The FASB has issued an exposure draft proposing to improve guidance on distinguishing liabilities from equity, including convertible instruments. Stakeholders are asked to review and provide…
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PCAOB Releases Additional Resources on CAMs
The Public Company Accounting Oversight Board (PCAOB) has released two resource documents informing audit committees and investors about the requirement for auditors to communicate critical…
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AICPA Issues New Other Information and ERISA Reporting Standards
The Auditing Standards Board (ASB) of the AICPA has published two new Statements on Auditing Standards (SAS), SAS 136, Forming an Opinion and Reporting on…
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AICPA Issues New Other Information and ERISA Reporting Standards
The Auditing Standards Board (ASB) of the AICPA has published two new Statements on Auditing Standards (SAS), SAS 136, Forming an Opinion and Reporting on…
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New SEC Commissioner Sworn In
Allison Herren Lee was sworn into office on July 8, 2019 as an SEC Commissioner. Lee was nominated to the SEC by President Donald J.…
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AICPA Adopts Standards for Forensic Services
The AICPA has issued a new standard for forensic accounting engagements, Statement on Standards for Forensic Services (SSFS) No. 1 ((FS section 100)), Forensic Services:…
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