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Statements of Position

1980

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Proposed Content Specification Outlines For The Uniform Certified Public Accountant Examination; Exposure Draft (American Institute Of Certified Public Accountants), 1980, March 10, American Institute Of Certified Public Accountants. Board Of Examiners Jan 1980

Proposed Content Specification Outlines For The Uniform Certified Public Accountant Examination; Exposure Draft (American Institute Of Certified Public Accountants), 1980, March 10, American Institute Of Certified Public Accountants. Board Of Examiners

Statements of Position

No abstract provided.


Proposed Statement On Auditing Standards : Adequacy Of Disclosure In Financial Statements;Adequacy Of Disclosure In Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Feb. 29, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1980

Proposed Statement On Auditing Standards : Adequacy Of Disclosure In Financial Statements;Adequacy Of Disclosure In Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Feb. 29, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The proposed Statement would supersede SAS No. 1, section 430 "Adequacy of Informative Disclosure." The proposed Statement does not modify the basic concepts of section 430. However, section 430 is being replaced to eliminate guidance that is no longer applicable and to achieve consistency with subsequent authoritative pronouncements, such as SAS Nos. 12 and 17 and FASB Statement No. 5. Also, the proposed Statement provides additional guidance on the meaning of "practicable" in the disclosure context.


Proposed Statement On Auditing Standards : The Auditor's Considerations When A Question Arises About An Entity's Continued Existence;Auditor's Considerations When A Question Arises About An Entity's Continued Existence; Exposure Draft (American Institute Of Certified Public Accountants), 1980, March 24, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1980

Proposed Statement On Auditing Standards : The Auditor's Considerations When A Question Arises About An Entity's Continued Existence;Auditor's Considerations When A Question Arises About An Entity's Continued Existence; Exposure Draft (American Institute Of Certified Public Accountants), 1980, March 24, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

Under generally accepted accounting principles, continuation for an entity is usually assumed in the absence of information to the contrary. The proposed Statement describes the types of contrary information that may raise questions about an entity's ability to continue and factors that may mitigate such information and describes the auditor's related considerations, including consideration of relevant plans of management and prospective data. The proposed Statement also discusses the adequacy of informative disclosures and the effects on the auditor's report when a question has been raised about an entity's ability to continue in existence. The proposed Statement ...


Proposed Audit Guide : Audits Of Employee Benefit Plans ;Audits Of Employee Benefit Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1980, June 30, American Institute Of Certified Public Accountants. Employee Benefit Plans And Erisa Special Committee Jan 1980

Proposed Audit Guide : Audits Of Employee Benefit Plans ;Audits Of Employee Benefit Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1980, June 30, American Institute Of Certified Public Accountants. Employee Benefit Plans And Erisa Special Committee

Statements of Position

The proposed guide provides guidance to the independent auditor in examining and reporting on the financial statements of employee benefit plans, including defined benefit pension plans, defined contribution plans, and health and welfare benefit plans. In March 1980 the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 35, Accounting and Reporting by Defined Benefit Pension Plans, which established generally accepted accounting principles for defined benefit pension plans and prescribed the general form and content of financial statements of those plans. Chapter 2 of this guide describes the principal provisions of FASB Statement No. 35; however, it should ...


Proposed Guide : The Audits Of Certain Nonprofit Organizations ;Audits Of Certain Nonprofit Organizations; Exposure Draft (American Institute Of Certified Public Accountants), 1980, July 15, American Institute Of Certified Public Accountants. Nonprofit Organizations Subcommittee Jan 1980

Proposed Guide : The Audits Of Certain Nonprofit Organizations ;Audits Of Certain Nonprofit Organizations; Exposure Draft (American Institute Of Certified Public Accountants), 1980, July 15, American Institute Of Certified Public Accountants. Nonprofit Organizations Subcommittee

Statements of Position

This guide provides guidance to the independent auditor in examining and reporting on the financial statements of nonprofit organizations not covered by the guides on hospital, Colleges and universities, voluntary health and welfare organizations, and state and local governmental units. This guide is directed toward those aspects of the examination of nonprofit organizations' financial statements that are unique or are considered particularly significant to such an examination. Accordingly, this guide does not discuss comprehensively the examination of the financial statements of a nonprofit organization.


Proposed Statement On Auditing Standards : Letters For Underwriters And Interim Reviews ... Reports Relating To The Results Of Applying Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement ;Letters For Underwriters And Interim Reviews;Reports Relating To The Results Of Applying Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Aug. 29, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1980

Proposed Statement On Auditing Standards : Letters For Underwriters And Interim Reviews ... Reports Relating To The Results Of Applying Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement ;Letters For Underwriters And Interim Reviews;Reports Relating To The Results Of Applying Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Aug. 29, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The first Statement amends Statement on Auditing Sandards No. 1, section 630, "Letters for Underwriters"; Section 710, "Filings under Federal Securities Statutes"; and SAS No. 24, Review of Interim Financial Information. The amendments are proposed in response to changes in professional standards and rules of the Securities and Exchange Commission, relating primarily to an accountant's review of interim financial information. The second proposed Statement amends SAS No. 14, "Special Reports," paragraphs 15-17 to permit an accountant's report on the results of applying agreed-upon procedures to specified elements, accounts, and items of a financial statement to be accompanied by ...


Proposed Statement On Auditing Standards : The Auditor's Standard Report ;Auditor's Standard Report; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Sept. 10, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1980

Proposed Statement On Auditing Standards : The Auditor's Standard Report ;Auditor's Standard Report; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Sept. 10, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The proposed statement concerns the content and wording of the standard report on audited financial statements and it would make seven changes in the current form of the report. These changes are intended to give a clearer indication of the character of the audit and the degree of responsibility the auditor is taking by having the report state certain concepts that currently exist in authoritative accounting and auditing literature but are only implied in the current form of the report.


Proposed Statement On Standards For Accounting And Review Services : Financial Statements Included In Certain Prescribed Forms;Financial Statements Included In Certain Prescribed Forms; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Sept. 30, American Institute Of Certified Public Accountants. Accounting And Review Services Committee Jan 1980

Proposed Statement On Standards For Accounting And Review Services : Financial Statements Included In Certain Prescribed Forms;Financial Statements Included In Certain Prescribed Forms; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Sept. 30, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Statements of Position

The proposed statement, which will amend certain paragraphs of SSARS 1, makes it clear that the accountant's reporting obligation, discussed in paragraphs 5 through 7, of SSARS 1, extends to the compilation or review of financial statements included in a prescribed form but it provides a modified form of standard compilation report when the prescribed form or related instructions call for departure from generally accepted accounting principles (including disclosures) or, where applicable, from a comprehensive basis of accounting other than generally accepted principles.


Proposed Statement Of Position : Accounting For Mortgage Guaranty Insurance ;American Institute Of Certified Public Accountants. Insurance Companies Committee; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 15, American Institute Of Certified Public Accountants. Insurance Companies Committee Jan 1980

Proposed Statement Of Position : Accounting For Mortgage Guaranty Insurance ;American Institute Of Certified Public Accountants. Insurance Companies Committee; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 15, American Institute Of Certified Public Accountants. Insurance Companies Committee

Statements of Position

Mortgage guaranty insurance was excluded from SOP 78-6 because it is significantly different from other forms of property and liability insurance in that the coverage is long-term in nature and most policies do not have level annual premiums. This Statement discusses issues relating to accounting for mortgage guaranty insurance with the exception of (a) whether loss reserves should be discounted and (b) whether anticipated investment income should be considered in computing premium deficiencies


Proposed Audit Guide: Audits Of Airlines ;Audits Of Airlines; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 31, American Institute Of Certified Public Accountants. Civil Aeronautics Subcommittee Jan 1980

Proposed Audit Guide: Audits Of Airlines ;Audits Of Airlines; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 31, American Institute Of Certified Public Accountants. Civil Aeronautics Subcommittee

Statements of Position

This audit guide presents recommendations of the AICPA Civil Aeronautics Subcommittee regarding the application of generally accepted auditing standards to audits of financial statements of entities in the airline industry. It represents the considered opinion of the subcommittee on the best auditing practice in the industry and has been reviewed by members of the AICPA Auditing Standards Board for consistency with existing auditing standards. AICPA members may have to justify departures from the recommendations contained in the guide if their work is challenged. Descriptions of current financial accounting and reporting practices for the airline industry are included in the audit ...


Proposed Statement On Auditing Standards : Audit Sampling;Audit Sampling; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 31, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1980

Proposed Statement On Auditing Standards : Audit Sampling;Audit Sampling; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Oct. 31, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The proposed SAS provides guidance on the use of sampling in an audit of financial statements. The Statement includes guidance for planning, performing, and evaluating the two general approaches to audit sampling: nonstatistical and statistical. The proposed SAS recognizes that the auditor often is aware of information that allows him to concentrate his effort on account balances and transactions that may be more likely to contain errors or irregularities. The guidance in this proposed SAS should be especially helpful to the auditor who is planning procedures to test balances and transactions about which the auditor has no special knowledge.


Proposed Audit Guide : Audits Of Banks;Audits Of Banks; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Dec. 4, American Institute Of Certified Public Accountants. Banking Committee Jan 1980

Proposed Audit Guide : Audits Of Banks;Audits Of Banks; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Dec. 4, American Institute Of Certified Public Accountants. Banking Committee

Statements of Position

This guide has been prepared to assist the independent CPA in examining and reporting on financial statements of commercial banks, savings banks and bank holding companies. Furthermore, it should provide officers and directors of banks and other interested persons with a better understanding of the nature and scope of bank audits conducted by independent CPAs. In the last decade, many changes have occurred within the banking industry. Bank supervisory authorities have taken substantial steps to improve reporting by banks. Bank holding companies have become a major force within the industry, and the range of services offered by banking institutions has ...


Accounting For Title Insurance Companies : Proposal To The Financial Accounting Standards Board. January 31, 1980; Statement Of Position 80-1;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1980

Accounting For Title Insurance Companies : Proposal To The Financial Accounting Standards Board. January 31, 1980; Statement Of Position 80-1;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Accounting And Financial Reporting By Governmental Units : Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units; Statement Of Position 80-2;, American Institute Of Certified Public Accountants. Committee On State And Local Government Accounting Jan 1980

Accounting And Financial Reporting By Governmental Units : Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units; Statement Of Position 80-2;, American Institute Of Certified Public Accountants. Committee On State And Local Government Accounting

Statements of Position

No abstract provided.


Accounting For Real Estate Acquisition, Development, And Construction Costs : Proposal To The Financial Accounting Standards Board. December 22, 1980; Statement Of Position 80-3;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1980

Accounting For Real Estate Acquisition, Development, And Construction Costs : Proposal To The Financial Accounting Standards Board. December 22, 1980; Statement Of Position 80-3;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Operational Auditing By Cpa Firms; Exposure Draft (American Institute Of Certified Public Accountants), 1980, June 18, American Institute Of Certified Public Accountants. Special Committee On Operational And Management Auditing Jan 1980

Operational Auditing By Cpa Firms; Exposure Draft (American Institute Of Certified Public Accountants), 1980, June 18, American Institute Of Certified Public Accountants. Special Committee On Operational And Management Auditing

Statements of Position

Accounting firms were making reviews of client operations long before audits of financial statements became commonplace. However, the literature of the AICPA contains few references to and little guidance for operational audits ing, the term in general use for reviews of operations. The Special Committee on Operational and Management Auditing was appointed in 1978 to research the subject and develop appropriate information for Institute members. This report contains information on operational auditing engagements which the Special Committee believes will be of interest to practitioners. It has been prepared with the following objectives: 1. To define operational audit engagements and to ...


Proposed Statement On Auditing Standards : Interim Financial Information Required By Sec Regulation S-K ;Interim Financial Information Required By Sec Regulation S-K; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Nov. 20, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee Jan 1980

Proposed Statement On Auditing Standards : Interim Financial Information Required By Sec Regulation S-K ;Interim Financial Information Required By Sec Regulation S-K; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Nov. 20, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee

Statements of Position

This proposed Statement on Auditing Standards consists of revisions of SAS No. 24, Review of Interim Financial Information. The revisions are in response to recently adopted changes in Regulation S-K of the Securities and Exchange Commission. The changes proposed in this exposure draft are primarily technical in nature and are not expected to result in major changes in reporting practices.


Statements Of Position Of The Accounting Standards Division As Of January 1, 1980, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1980

Statements Of Position Of The Accounting Standards Division As Of January 1, 1980, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Audit And Accounting Guide For Construction Contractors; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Jan. 5, American Institute Of Certified Public Accountants. Construction Contractor Guide Committee Jan 1980

Audit And Accounting Guide For Construction Contractors; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Jan. 5, American Institute Of Certified Public Accountants. Construction Contractor Guide Committee

Statements of Position

This guide supersedes the AICPA industry audit guide, Audits of Construction Contractors, which was published in 1965 as a combination of an accounting guide and an auditing guide that the AICPA had published separately in 1959. Since its issuance, Audits of Construction Contractors has served as an authoritative guide for accounting, auditing, and financial reporting in the construction industry; within the industry, both issuers and users of financial statements use the guide as a manual. However, since the guide was issued, the construction industry and the environment of business and financial reporting have changed substantially. The size, sophistication, and complexity ...