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Proposed Statement On Auditing Standards : The Auditor's Consideration Of Uncertainties;Auditor's Consideration Of Uncertainties; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Nov. 8, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1985

Proposed Statement On Auditing Standards : The Auditor's Consideration Of Uncertainties;Auditor's Consideration Of Uncertainties; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Nov. 8, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

If adopted, this proposed Statement would supersede Statement on Auditing Standards No. 2, Reports on Audited Financial Statements, paragraphs 21 through 26. It provides additional guidance to assist the auditor in deciding whether to modify ("subject to") his report because of a matter involving an uncertainty. This reporting guidance follows the framework of FASB Statement No. 5, Accounting for Contingencies, which discusses contingencies in terms of the probable, reasonably possible and remote likelihood of their occurrence. Guidance regarding procedures for auditing uncertainties is also provided.


Proposed Authoritative Statement : Attestation Standards;Attestation Standards; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Feb. 15, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1985

Proposed Authoritative Statement : Attestation Standards;Attestation Standards; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Feb. 15, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

This proposed Statement establishes standards that (A) Provide a framework for all "attest" engagements--that is, engagements to report on the reliability of assertions for third-party use--regardless of the subject matter or level of assurance. (B) Are a natural extension of (but do not supersede) the ten generally accepted auditing standards. (C) Make explicit three preconditions for attest services to be performed: (1) The attester has adequate knowledge of the subject matter. (2) There are reasonable measurement and disclosure criteria. (3) The assertions are capable of reasonably consistent estimation or measurement using such criteria. (D) Provide for two levels of attest ...


Proposed Audit And Accounting Guide : Audits Of Investment Companies ;Audits Of Investment Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Jan. 15, American Institute Of Certified Public Accountants. Investment Companies Special Committee Jan 1985

Proposed Audit And Accounting Guide : Audits Of Investment Companies ;Audits Of Investment Companies; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Jan. 15, American Institute Of Certified Public Accountants. Investment Companies Special Committee

Statements of Position

The proposed revision of the AICPA Industry Audit Guide, Audits of Investment Companies, reflects changes in accounting literature, laws, and regulations that have occurred since the guide was last published in 1973. The draft incorporates Statements of Position 74-11, 77-1, and 79-1; several amendments adopted into law by the Internal Revenue Code; revised SEC rules; and changes in industry practices. The draft recommends the following additional changes in accounting and reporting practices, which the committee believes are desirable and warranted: 1. The per share data presented as supplementary information has been modified and the amount of ratio information increased. Information ...


Proposed Statement On Standards For Accounting And Review Services : Reporting On Personal Financial Plans;Reporting On Personal Financial Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1985, March 4, American Institute Of Certified Public Accountants. Financial Planning Task Force, American Institute Of Certified Public Accountants. Accounting And Review Services Committee Jan 1985

Proposed Statement On Standards For Accounting And Review Services : Reporting On Personal Financial Plans;Reporting On Personal Financial Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1985, March 4, American Institute Of Certified Public Accountants. Financial Planning Task Force, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Statements of Position

An exposure draft of a proposed Statement on Standards for Accounting and Review Services, entitled Reporting on Personal Financial Plans accompanies this letter. SSARS 1 requires, as a minimum that an accountant comply with the standards established for compilation services whenever they submit a financial statement to their client or others. Increasingly, accountants are providing comprehensive personal financial planning services to clients which may include personal financial statements, supplementary explanatory information and prospective financial information. Often personal financial plans present financial information on transactions which may be historical, pro forma or prospective. This information is often interspersed through narrative material ...


Proposed Statement On Auditing Standards : Reporting On Financial Statements Prepared For Use In Other Countries ;Reporting On Financial Statements Prepared For Use In Other Countries; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Oct. 15, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1985

Proposed Statement On Auditing Standards : Reporting On Financial Statements Prepared For Use In Other Countries ;Reporting On Financial Statements Prepared For Use In Other Countries; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Oct. 15, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

This proposed statement establishes standards that apply to U.S. auditors who express an opinion on financial statements of a U.S. entity prepared in conformity with accounting principles of another country for use outside the United States. The proposed statement establishes standards that--(1) Require the auditor to obtain written representations from management regarding the distribution of such financial statements; (2) Permit the auditor to use a modified U.S.-style report form or a non-U.S. standard report if the financial statements are used only outside the United States or will not have more than limited use in ...


Proposed Statement On Auditing Standard : Reports On The Application Of Accounting Principles ;Reports On The Application Of Accounting Principles; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Dec. 6, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1985

Proposed Statement On Auditing Standard : Reports On The Application Of Accounting Principles ;Reports On The Application Of Accounting Principles; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Dec. 6, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

Management, accountants, and others often consult with professionals, including other accountants, on the application of accounting principles to new transactions and financial products. This proposed statement provides guidance to accountants who provide this service and establishes performance and reporting standards that (A) Apply (1) to written reports on the application of accounting principles and (2) to oral reports on a specific transaction when the reporting accountant concludes that the report is intended to be used by the principal to the transaction as primary support for a decision on the application of accounting principles; (B) Require consultation with a principal's ...


Proposed Statement On Standards For Accounting And Review Services : Reporting On Personal Financial Statements Included In Written Personal Financial Plans;Reporting On Personal Financial Statements Included In Written Personal Financial Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Dec. 18, American Institute Of Certified Public Accountants. Accounting And Review Services Committee Jan 1985

Proposed Statement On Standards For Accounting And Review Services : Reporting On Personal Financial Statements Included In Written Personal Financial Plans;Reporting On Personal Financial Statements Included In Written Personal Financial Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Dec. 18, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Statements of Position

This proposed Statement provides the accountant with an optional exemption from the requirements of Statement on Standards for Accounting and Review Services 1, as amended, for personal financial statements included in a written personal financial plan prepared by the accountant when such statements and the related plan have been developed solely to assist a client and a client's advisers in achieving the client's personal financial goals and objectives and for no other purpose. In those circumstances, the proposed Statement would require the accountant to issue a special form of written report and would specify the information required in ...


Financial Reporting By Not-For-Profit Health Care Entities For Tax-Exempt Debt And Certain Funds Whose Use Is Limited : Amendment To Aicpa Industry Audit Guide, Hospital Audit Guide; Statement Of Position 85-1;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1985

Financial Reporting By Not-For-Profit Health Care Entities For Tax-Exempt Debt And Certain Funds Whose Use Is Limited : Amendment To Aicpa Industry Audit Guide, Hospital Audit Guide; Statement Of Position 85-1;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Proposed Statement Of Position : Reporting Funds Flows, Liquidity, And Financial Flexibility For Banks ;Reporting Funds Flows, Liquidity, And Financial Flexibility For Banks; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Oct. 1, American Institute Of Certified Public Accountants. Committee On Banking Jan 1985

Proposed Statement Of Position : Reporting Funds Flows, Liquidity, And Financial Flexibility For Banks ;Reporting Funds Flows, Liquidity, And Financial Flexibility For Banks; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Oct. 1, American Institute Of Certified Public Accountants. Committee On Banking

Statements of Position

The proposed statement recommends certain changes in the traditional format and presentation in statements of changes in financial position for banks in order to provide more meaningful guidance to accountants and bankers on this subject. The proposed statement of changes in financial position emphasizes financial resources invested in earnings assets. Related banking activities are presented together as financial resources provided by (1) operations, (2) deposits and other financing activities, and (3) nonearning investments of financial resources. The proposed statement of changes in financial position is based on changes in year-end balance sheet amounts rather than average balances. In addition to ...


Reporting On Personal Financial Plans (Proposesed Ssars); (Exposure Draft (American Institute Of Certified Public Accountants), 1985, December 12, American Institute Of Certified Public Accountants. Technical Information Division Jan 1985

Reporting On Personal Financial Plans (Proposesed Ssars); (Exposure Draft (American Institute Of Certified Public Accountants), 1985, December 12, American Institute Of Certified Public Accountants. Technical Information Division

Statements of Position

No abstract provided.


Omnibus Proposal Of Interpretations And Rulings: Proposed Interpretation 302-1: Meaning Of The Phrase "The Findings Of Governmental Agencies" As Stated In Rule 302 Of The Rules Of Conduct, Proposed Interpretation 101-10: The Effect On Independence Of Relationships Proscribed By Rule 101 With Nonclient Entities Included With A Member's Client In The Financial Statements Of A Governmental Reporting Entity, Ruling No. 63 Under Et Section 191: Review Of Prospective Financial Information--Member's Independence Of Promoters, Ruling No. 64 Under Et Section 191: Joint Investment With A Promoter Or General Partner;Proposed Interpretation 302-1: Meaning Of The Phrase "The Findings Of Governmental Agencies" As Stated In Rule 302 Of The Rules Of Conduct;Meaning Of The Phrase "The Findings Of Governmental Agencies" As Stated In Rule 302 Of The Rules Of Conduct;Proposed Interpretation 101-10: The Effect On Independence Of Relationships Proscribed By Rule 101 With Nonclient Entities Included With A Member's Client In The Financial Statements Of A Governmental Reporting Entity;Effect On Independence Of Relationships Proscribed By Rule 101 With Nonclient Entities Included With A Member's Client In The Financial Statements Of A Governmental Reporting Entity,The;Ruling No. 63 Under Et Section 191: Review Of Prospective Financial Information--Member's Independence Of Promoters;Ruling No. 64 Under Et Section 191: Joint Investment With A Promoter Or General Partner; Exposure Draft (American Institute Of Certified Public Accountants), 1985, May 17, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee Jan 1985

Omnibus Proposal Of Interpretations And Rulings: Proposed Interpretation 302-1: Meaning Of The Phrase "The Findings Of Governmental Agencies" As Stated In Rule 302 Of The Rules Of Conduct, Proposed Interpretation 101-10: The Effect On Independence Of Relationships Proscribed By Rule 101 With Nonclient Entities Included With A Member's Client In The Financial Statements Of A Governmental Reporting Entity, Ruling No. 63 Under Et Section 191: Review Of Prospective Financial Information--Member's Independence Of Promoters, Ruling No. 64 Under Et Section 191: Joint Investment With A Promoter Or General Partner;Proposed Interpretation 302-1: Meaning Of The Phrase "The Findings Of Governmental Agencies" As Stated In Rule 302 Of The Rules Of Conduct;Meaning Of The Phrase "The Findings Of Governmental Agencies" As Stated In Rule 302 Of The Rules Of Conduct;Proposed Interpretation 101-10: The Effect On Independence Of Relationships Proscribed By Rule 101 With Nonclient Entities Included With A Member's Client In The Financial Statements Of A Governmental Reporting Entity;Effect On Independence Of Relationships Proscribed By Rule 101 With Nonclient Entities Included With A Member's Client In The Financial Statements Of A Governmental Reporting Entity,The;Ruling No. 63 Under Et Section 191: Review Of Prospective Financial Information--Member's Independence Of Promoters;Ruling No. 64 Under Et Section 191: Joint Investment With A Promoter Or General Partner; Exposure Draft (American Institute Of Certified Public Accountants), 1985, May 17, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Statements of Position

It is the position of the Professional Ethics Executive Committee that a "finding of a governmental agency" in tax matters results from the settlement of a controversy with the appropriate govenment agency. Proposed Interpretation 101-10 requires a member issuing a report on the combined financial statements of a governmental reporting entity to be independent of the oversight entity and each of the component units included in the report. The AICPA Professional Ethics Division has developed proposed Ruling No. 63, "Review of Prospective Financial Information--Member's Independence of Promoters," to clarify the independence requirements and provide guidance in applying them. Ruling ...


Accounting By Agricultural Producers And Agricultural Cooperatives; Statement Of Position 85-3;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1985

Accounting By Agricultural Producers And Agricultural Cooperatives; Statement Of Position 85-3;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Accounting For Dollar Repurchase, Dollar Reverse Repurchase Agreements By Sellers-Borrowers : Amendment To Aicpa Audit And Accounting Guide, Savings And Loan Associations; Statement Of Position 85-2;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1985

Accounting For Dollar Repurchase, Dollar Reverse Repurchase Agreements By Sellers-Borrowers : Amendment To Aicpa Audit And Accounting Guide, Savings And Loan Associations; Statement Of Position 85-2;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Draft: Small Business Consulting Practice Aid: Assisting Clients In Developing Personal Financial Plans, May 1985, American Institute Of Certified Public Accountants (Aicpa) Jan 1985

Draft: Small Business Consulting Practice Aid: Assisting Clients In Developing Personal Financial Plans, May 1985, American Institute Of Certified Public Accountants (Aicpa)

Statements of Position

No abstract provided.


Proposed Statement Of Position : Reporting Repurchase-Reverse Repurchase Agreements And Mortgage-Backed Certificates By Savings And Loan Associations ;Reporting Repurchase-Reverse Repurchase Agreements And Mortgage-Backed Certificates By Savings And Loan Associations; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Oct. 28, American Institute Of Certified Public Accountants. Committee On Savings And Loan Associations Jan 1985

Proposed Statement Of Position : Reporting Repurchase-Reverse Repurchase Agreements And Mortgage-Backed Certificates By Savings And Loan Associations ;Reporting Repurchase-Reverse Repurchase Agreements And Mortgage-Backed Certificates By Savings And Loan Associations; Exposure Draft (American Institute Of Certified Public Accountants), 1985, Oct. 28, American Institute Of Certified Public Accountants. Committee On Savings And Loan Associations

Statements of Position

The proposed statement recommends certain disclosures by savings and loan associations, as described in paragraph 30, for repurchase and reverse repurchase agreements, including dollar repurchase and dollar reverse repurchase agreements. In addition, the proposed statement of position recommends that mortgage-backed, pass-through certificates be reported separately on the statement of financial condition by savings and loan associations. The proposed statement also recommends that the market value of the mortgage-backed certificates be disclosed in the statement of financial condition or the notes to the financial statements.