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Proposed Statement Of Position On Accounting For Title Insurance Companies;Accounting For Title Insurance Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1979, March 16, American Institute Of Certified Public Accountants. Insurance Companies Committee Jan 1979

Proposed Statement Of Position On Accounting For Title Insurance Companies;Accounting For Title Insurance Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1979, March 16, American Institute Of Certified Public Accountants. Insurance Companies Committee

Statements of Position

The AICPA Insurance Companies Committee has reviewed existing accounting literature dealing with variances between (a) generally accepted accounting principles and (b) practices prescribed or permitted by insurance regulatory authorities as those practices relate to title insurance companies and has identified areas in which further clarification seems necessary. The committee has also identified certain areas that are not covered in present accounting literature. An exposure draft of a proposed statement of position on Accounting for Title Insurance Companies was issued for comment on May 1, 1978, and a public hearing on it was held on July 17, 1978. Comments received on ...


Proposed Audit And Accounting Guide : Oil And Gas Reserve Information Required By Regulation S-X;Oil And Gas Reserve Information Required By Regulation S-X; Exposure Draft (American Institute Of Certified Public Accountants), 1979, April 13, American Institute Of Certified Public Accountants. Oil And Gas Reserve Data Committee Jan 1979

Proposed Audit And Accounting Guide : Oil And Gas Reserve Information Required By Regulation S-X;Oil And Gas Reserve Information Required By Regulation S-X; Exposure Draft (American Institute Of Certified Public Accountants), 1979, April 13, American Institute Of Certified Public Accountants. Oil And Gas Reserve Data Committee

Statements of Position

An exposure draft of a proposed audit and accounting guide on "Oil and Gas Reserve Information Required by Regulation S-X" accompanies this letter. The proposed guide discusses the auditing procedures to be applied to oil and gas reserve information that is required by the SEC to be included in the notes to the financial statements of entities with oil and gas producing activities . The proposed guide originally was developed because of FASB Statement no . 19 requirements and amendments to Regulation S-X by the Securities and Exchange Commission (ASR nos. 253 and 257) . The FASB has amended FASB Statement no . 19 ...


Proposed Statement On Auditing Standards : The Relationship Of Generally Accepted Auditing Standards To Quality Control Standards Proposed Statement On Quality Control Standards : System Of Quality Control For A Cpa Firm;Relationship Of Generally Accepted Auditing Standards To Quality Control Standards;System Of Quality Control For A Cpa Firm; Exposure Draft (American Institute Of Certified Public Accountants), 1979, April 17, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee, American Institute Of Certified Public Accountants. Quality Control Standards Committee Jan 1979

Proposed Statement On Auditing Standards : The Relationship Of Generally Accepted Auditing Standards To Quality Control Standards Proposed Statement On Quality Control Standards : System Of Quality Control For A Cpa Firm;Relationship Of Generally Accepted Auditing Standards To Quality Control Standards;System Of Quality Control For A Cpa Firm; Exposure Draft (American Institute Of Certified Public Accountants), 1979, April 17, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee, American Institute Of Certified Public Accountants. Quality Control Standards Committee

Statements of Position

The individual independent auditor is responsible for compliance with generally accepted auditing standards in an audit engagement. Rule 202 of the rules of conduct of the code of professional ethics of the American Institute of Certified Public Accountants requires members to comply with such standards when associated with financial statements. Quality control for a CPA firm, as referred to in this statement, applies to all auditing and accounting and review services for which professional standards have been established. Although the provisions of this statement may be applied to other segments of a firm's practice, such as providing tax services ...


Proposed Statement Of Position : Accounting And Financial Reporting By Governmental Units : Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units ;Accounting And Financial Reporting By Governmental Units : Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units; Exposure Draft (American Institute Of Certified Public Accountants), 1979, May 22, American Institute Of Certified Public Accountants. Committee On State And Local Government Accounting Jan 1979

Proposed Statement Of Position : Accounting And Financial Reporting By Governmental Units : Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units ;Accounting And Financial Reporting By Governmental Units : Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units; Exposure Draft (American Institute Of Certified Public Accountants), 1979, May 22, American Institute Of Certified Public Accountants. Committee On State And Local Government Accounting

Statements of Position

In March 1979, the NCGA (now known as the National Council on Governmental Accounting) published a document entitled Governmental Accounting and Financial Reporting Principles (Statement 1). That document defines combined columnar financial statements by fund types and account groups as basic financial statements rather than financial statements of individual funds and account groups and also updates, clarifies, amplifies, and reorders other portions of GAAFR. Since the guide recognizes GAAFR, it is necessary to amend the guide to recognize Statement 1 as an authoritative modification of GAAFR.


Proposed Statement Of Position : Accounting For Real Estate Acquisition, Development, And Construction Costs;Accounting For Real Estate Acquisition, Development, And Construction Costs; Exposure Draft (American Institute Of Certified Public Accountants), 1979, July 23, American Institute Of Certified Public Accountants. Real Estate Accounting Committee Jan 1979

Proposed Statement Of Position : Accounting For Real Estate Acquisition, Development, And Construction Costs;Accounting For Real Estate Acquisition, Development, And Construction Costs; Exposure Draft (American Institute Of Certified Public Accountants), 1979, July 23, American Institute Of Certified Public Accountants. Real Estate Accounting Committee

Statements of Position

Recent trends in the real estate industry have produced dramatic increases in the size of enterprises, the cost of individual projects, and the time required to complete the development of individual projects. Those developments have focused attention on the need for guidance on accounting for costs associated with real estate acquisition, development, and construction. The accounting standards division of the American Institute of Certified Public Accountants has prepared this statement of position in response to that need. The recommendations in this statement apply to accounting for real estate acquisition, development, and construction costs in financial statements that are intended to ...


Proposed Statement Of Position: Clarification Of Reporting Practices Concerning Hospital-Related Organizations;Clarification Of Reporting Practices Concerning Hospital-Related Organizations; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Aug. 31, American Institute Of Certified Public Accountants. Subcommittee On Health Care Matters Jan 1979

Proposed Statement Of Position: Clarification Of Reporting Practices Concerning Hospital-Related Organizations;Clarification Of Reporting Practices Concerning Hospital-Related Organizations; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Aug. 31, American Institute Of Certified Public Accountants. Subcommittee On Health Care Matters

Statements of Position

The subcommittee on health care matters believes that the section of the Hospital Audit Guide, "Other Related Organizations'' (pages 11 and 12), should be superseded by and replaced with the following text.


American Institute Of Certified Public Accountants. Forecasts And Projections Task Force;Review Of A Financial Forecast; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Nov. 23, American Institute Of Certified Public Accountants. Forecasts And Projections Task Force Jan 1979

American Institute Of Certified Public Accountants. Forecasts And Projections Task Force;Review Of A Financial Forecast; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Nov. 23, American Institute Of Certified Public Accountants. Forecasts And Projections Task Force

Statements of Position

The proposed guide discusses procedures that an accountant should apply in a review of a financial forecast and provides guidance on the preparation of the accountant's report on the forecast. A financial forecast is defined in the proposed guide as an estimate of the most probable financial position of an entity, the results of its operations and changes in its financial position for one or more future periods. The "most probable" qualification means that the assumptions used have been evaluated by management and the forecast is based on management's judgment of the most likely set of conditions and ...


Proposed Statement Of Position : Accounting For Performance Of Construction-Type And Certain Production-Type Contracts;Accounting For Performance Of Construction-Type And Certain Production-Type Contracts; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 21, American Institute Of Certified Public Accountants. Construction Contractor Guide Committee Jan 1979

Proposed Statement Of Position : Accounting For Performance Of Construction-Type And Certain Production-Type Contracts;Accounting For Performance Of Construction-Type And Certain Production-Type Contracts; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 21, American Institute Of Certified Public Accountants. Construction Contractor Guide Committee

Statements of Position

This statement of position provides guidance on the application of generally accepted accounting principles in accounting for the performance of contracts for the construction of facilities, the production of unique goods, or the provision of related services to a buyer's specifications. The determination of the point or points at which revenue should be recognized as expenses is a major accounting issue common to all business enterprises engaged in the performance of contracts of the types covered by this statement. Accounting for such contracts is essentially a process of measuring the results of relatively long-term events and allocating those results ...


Proposed Statements On Auditing Standards : Supplementary Information On The Effects Of Changing Prices : Supplementary Oil And Gas Reserve Information;Supplementary Information On The Effects Of Changing Prices;Supplementary Oil And Gas Reserve Information; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 31, American Institute Of Certified Public Accountants. Accounting Standards Board Jan 1979

Proposed Statements On Auditing Standards : Supplementary Information On The Effects Of Changing Prices : Supplementary Oil And Gas Reserve Information;Supplementary Information On The Effects Of Changing Prices;Supplementary Oil And Gas Reserve Information; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 31, American Institute Of Certified Public Accountants. Accounting Standards Board

Statements of Position

The proposed Statement on Auditing Standards on supplementary information on the effects of changing prices should be applied in conjunction with SAS No. 27 and is applicable in an examination in accordance with generally accepted auditing standards of financial statements of an entity subject to FASB Statement No. 33 or of an enity that voluntarily presents the information prescribed by that statement. The proposed SAS on supplementary oil and gas reserve quantity information offers reporting guidance for situations in which the application of the procedures causes the auditor to believe that the information may not be measured or presented within ...


Proposed Statement On Auditing Standards, Financial Statement Assertions, Related Audit Objectives, And The Design Of Substantive Tests;Financial Statement Assertions, Related Audit Objectives, And The Design Of Substantive Tests; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 31, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1979

Proposed Statement On Auditing Standards, Financial Statement Assertions, Related Audit Objectives, And The Design Of Substantive Tests;Financial Statement Assertions, Related Audit Objectives, And The Design Of Substantive Tests; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 31, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The proposed Statement describes the broad categories of financial statement assertions referred to in SAS No. 1, section 330, "Evidential Matter," and provides guidance to the auditor on how to consider them in (a) developing audit objectives and (b) designing substantive tests to achieve those objectives. The proposed Statement does not modify section 330 but provides additional guidance to help the auditor in selecting procedures in specific circumstances.


Proposed Statement On Auditing Standards : Reporting On Internal Accounting Control;Reporting On Internal Accounting Control; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 31, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1979

Proposed Statement On Auditing Standards : Reporting On Internal Accounting Control;Reporting On Internal Accounting Control; Exposure Draft (American Institute Of Certified Public Accountants), 1979, Dec. 31, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The proposed SAS would provide guidance in connection with an engagement to report on whether an entity's system, taken as a whole, was sufficient to meet the objectives of internal accounting control. This would be a voluntary service and not mandated as part of an audit. The proposed SAS would also provide guidance on reports based solely on a study and evaluation of internal accounting control that was made as part of an audit of the entity's financial statements and on reports based on pre-established criteria of regulatory agencies. Distribution of these reports is to be restricted to ...


Statement Of Position: Accounting For Municipal Bond Funds : Proposal To The Financial Accounting Standards Board To Amend Aicpa Industry Audit Guide, Audits Of Investment Companies; Statement Of Position 79-1;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1979

Statement Of Position: Accounting For Municipal Bond Funds : Proposal To The Financial Accounting Standards Board To Amend Aicpa Industry Audit Guide, Audits Of Investment Companies; Statement Of Position 79-1;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Statement Of Position: Accounting For Investments Of Stock Life Insurance Companies : Proposal To The Financial Accounting Standards Board To Amend Aicpa Industry Audit Guide: Audits Of Stock Life Insurance Companies; Statement Of Position 79-3;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1979

Statement Of Position: Accounting For Investments Of Stock Life Insurance Companies : Proposal To The Financial Accounting Standards Board To Amend Aicpa Industry Audit Guide: Audits Of Stock Life Insurance Companies; Statement Of Position 79-3;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Accounting By Cable Television Companies : Proposal To The Financial Accounting Standards Board; Statement Of Position 79-2;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1979

Accounting By Cable Television Companies : Proposal To The Financial Accounting Standards Board; Statement Of Position 79-2;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Accounting For Motion Picture Films : Proposal To The Financial Accounting Standards Board To Amend Aicpa Industry Accounting Guide Accounting For Motion Picture Films; Statement Of Position 79-4;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1979

Accounting For Motion Picture Films : Proposal To The Financial Accounting Standards Board To Amend Aicpa Industry Accounting Guide Accounting For Motion Picture Films; Statement Of Position 79-4;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Proposed Statement On Auditing Standards : Association With Financial Statements;Association With Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1979, May 31, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1979

Proposed Statement On Auditing Standards : Association With Financial Statements;Association With Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1979, May 31, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The first Statement on Standards for Accounting and Review Services (SSARS) , Compila-tion and Review of Financial Statements, was issued in December 1978. It provides guidance for reporting on unaudited financial statements of nonpublic entities . It is effective for reports on financial statements for periods ending on or after July 1, 1979. In light of these developments, the AICPA Auditing Standards Board is proposing the accompanying changes to existing AICPA pronouncements applicable to unaudited financial statements. The AICPA also plans to withdraw the publication Guide For Engagements of CPAs to Prepare Unaudited Financial Statements on July 1, 1979. The proposed SAS ...


Statements Of Position Of The Accounting Standards Division As Of January 1, 1979, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1979

Statements Of Position Of The Accounting Standards Division As Of January 1, 1979, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.