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Statements of Position

1990

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Proposed Statement On Auditing Standards : Communication Of Matters About Interim Financial Information Filed Or To Be Filed With Specified Regulatory Agencies;Communication Of Matters About Interim Financial Information Filed Or To Be Filed With Specified Regulatory Agencies; Exposure Draft (American Institute Of Certified Public Accountants), 1990, June 15, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1990

Proposed Statement On Auditing Standards : Communication Of Matters About Interim Financial Information Filed Or To Be Filed With Specified Regulatory Agencies;Communication Of Matters About Interim Financial Information Filed Or To Be Filed With Specified Regulatory Agencies; Exposure Draft (American Institute Of Certified Public Accountants), 1990, June 15, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

Pursuant to the Securities Exchange Act of 1934, certain entities are required to file periodic interim financial information with the Securities and Exchange Commission or another specified regulatory agency. This interim financial information, which is available to the public, is not required to be timely reviewed by an independent auditor. These entities are also required to notify the appropriate regulatory agency about a change of auditor, which provides public information about the identity of the auditors of these entities' annual financial statements. In recognition of these unique filing requirements, this proposed Statement establishes requirements for communications to management and, in ...


Report On The Internal Control Structure In Audits Of Futures Commission Merchants : February 12, 1990, Amendment To Aicpa Audit And Accounting Guide, Audits Of Brokers And Dealers In Securities; Statement Of Position 90-02;, American Institute Of Certified Public Accountants. Stockbrokerage And Investment Banking Committee Jan 1990

Report On The Internal Control Structure In Audits Of Futures Commission Merchants : February 12, 1990, Amendment To Aicpa Audit And Accounting Guide, Audits Of Brokers And Dealers In Securities; Statement Of Position 90-02;, American Institute Of Certified Public Accountants. Stockbrokerage And Investment Banking Committee

Statements of Position

No abstract provided.


Proposed Statement Of Position : Questions And Answers On Reasonably Objective Basis And Other Issues Affecting Prospective Financial Statements (Proposed Amendment To Aicpa Guide To Prospective Financial Statements) ;Questions And Answers On Reasonably Objective Basis And Other Issues Affecting Prospective Financial Statements (Proposed Amendment To Aicpa Guide To Prospective Financial Statements); Exposure Draft (American Institute Of Certified Public Accountants), 1990, Feb. 5, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force Jan 1990

Proposed Statement Of Position : Questions And Answers On Reasonably Objective Basis And Other Issues Affecting Prospective Financial Statements (Proposed Amendment To Aicpa Guide To Prospective Financial Statements) ;Questions And Answers On Reasonably Objective Basis And Other Issues Affecting Prospective Financial Statements (Proposed Amendment To Aicpa Guide To Prospective Financial Statements); Exposure Draft (American Institute Of Certified Public Accountants), 1990, Feb. 5, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force

Statements of Position

The proposed SOP contains four questions and answers (Qs & As) that provide guidance to responsible parties preparing financial forecasts as well as guidance to practitioners engaged to perform services in connection with such forecasts. The guidance in these Qs & As is summarized below. 1. Section 400.04 of the Guide requires a responsible party to have a reasonably objective basis to present a financial forecast. A responsible party has a reasonably objective basis if sufficiently objective assumptions can be developed for each key factor. 2. Because responsible parties should limit the length of their forecasts to periods for which they ...


Proposed Statement Of Position : The Auditor's Consideration Of Internal Controls Over Federal Financial Assistance Programs Under The Single Audit Act : Proposed Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units And Supersession Of Sop 89-6, Example 26;Auditor's Consideration Of Internal Controls Over Federal Financial Assistance Programs Under The Single Audit Act (Proposed Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units And Supersession Of Sop 89-6, Example 26); Exposure Draft (American Institute Of Certified Public Accountants), 1990, Mar. 21, American Institute Of Certified Public Accountants. Government Accounting And Auditing Committee Jan 1990

Proposed Statement Of Position : The Auditor's Consideration Of Internal Controls Over Federal Financial Assistance Programs Under The Single Audit Act : Proposed Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units And Supersession Of Sop 89-6, Example 26;Auditor's Consideration Of Internal Controls Over Federal Financial Assistance Programs Under The Single Audit Act (Proposed Amendment To Aicpa Industry Audit Guide, Audits Of State And Local Governmental Units And Supersession Of Sop 89-6, Example 26); Exposure Draft (American Institute Of Certified Public Accountants), 1990, Mar. 21, American Institute Of Certified Public Accountants. Government Accounting And Auditing Committee

Statements of Position

This proposed statement of position (SOP) would amend chapter 21 in the AICPA Industry Audit Guide Audits of State and Local Governmental Units, and would supersede example 26 in SOP 89-6, Auditors' Reports in Audits of State and Local Governmental Units. The proposed SOP would update the guide and SOP 89-6 to reflect the following standards affecting the auditor's consideration of, and reporting on, internal controls over federal financial assistance under the Single Audit Act: 1. SAS No. 55, Consideration of the Internal Control Structure in a Financial Statement Audit; 2. SAS No. 60, Communication of Internal Control Structure ...


Proposed Statement Of Position : Financial Reporting By Entities In Reorganization Under The Bankruptcy Code ;Financial Reporting By Entities In Reorganization Under The Bankruptcy Code; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Apr. 4, American Institute Of Certified Public Accountants. Task Force On Financial Reporting By Entities In Reorganization Under The Bankruptcy Code Jan 1990

Proposed Statement Of Position : Financial Reporting By Entities In Reorganization Under The Bankruptcy Code ;Financial Reporting By Entities In Reorganization Under The Bankruptcy Code; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Apr. 4, American Institute Of Certified Public Accountants. Task Force On Financial Reporting By Entities In Reorganization Under The Bankruptcy Code

Statements of Position

This proposed statement of position provides guidance for financial reporting by entities that have filed petitions with the Bankruptcy Court and expect to reorganize as going concerns under Chapter 11 of title 11 of the United States Code. It recommends that all such entities report the same way while reorganizing under Chapter 11, with the objective of reflecting their financial evolution. To do that, their financial statements should distinguish transactions and events that are directly associated with the reorganization from the operations of the ongoing business as it evolves. The statement recommends that, on emergence from Chapter 11, entities meeting ...


Omnibus Proposal Of Professional Ethics Division Interpretations And Rulings ;Proposed Revision Of Interpretation 101-9 Under Rule 101: The Meaning Of Certain Independence Terminology And The Effect Of Family Relationships On Independence;Meaning Of Certain Independence Terminology And The Effect Of Family Relationships On Independence;Proposed Revision Of Ethics Ruling No. 14 Under Rule 101: Member On Board Of Directors Of United Fund;Member On Board Of Directors Of United Fund;Proposed Revision Of Ethics Ruling No. 41 Under Rule 101; Member As Auditor Of Mutual Insurance Company;Member As Auditor Of Mutual Insurance Company;Proposed Deletion Of Ethics Ruling No. 45; Past Due Billings: Client In Bankruptcy;Past Due Billings: Client In Bankruptcy;Proposed Revision Of Ethics Ruling No. 52 Under Rule 101: Past Due Fees Past Due Fees;Proposed Revision Of Ethics Ruling No. 54 Under Rule 101; Member Providing Actuarial Services;Member Providing Actuarial Services;Proposed Deletion Of Interpretation 201-4 Under Rule 201: Definition Of The Term Engagement As Used In Rule 201;Definition Of The Term Engagement As Used In Rule 201; Exposure Draft (American Institute Of Certified Public Accountants), 1990, May 22, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee Jan 1990

Omnibus Proposal Of Professional Ethics Division Interpretations And Rulings ;Proposed Revision Of Interpretation 101-9 Under Rule 101: The Meaning Of Certain Independence Terminology And The Effect Of Family Relationships On Independence;Meaning Of Certain Independence Terminology And The Effect Of Family Relationships On Independence;Proposed Revision Of Ethics Ruling No. 14 Under Rule 101: Member On Board Of Directors Of United Fund;Member On Board Of Directors Of United Fund;Proposed Revision Of Ethics Ruling No. 41 Under Rule 101; Member As Auditor Of Mutual Insurance Company;Member As Auditor Of Mutual Insurance Company;Proposed Deletion Of Ethics Ruling No. 45; Past Due Billings: Client In Bankruptcy;Past Due Billings: Client In Bankruptcy;Proposed Revision Of Ethics Ruling No. 52 Under Rule 101: Past Due Fees Past Due Fees;Proposed Revision Of Ethics Ruling No. 54 Under Rule 101; Member Providing Actuarial Services;Member Providing Actuarial Services;Proposed Deletion Of Interpretation 201-4 Under Rule 201: Definition Of The Term Engagement As Used In Rule 201;Definition Of The Term Engagement As Used In Rule 201; Exposure Draft (American Institute Of Certified Public Accountants), 1990, May 22, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Statements of Position

The Professional Ethics Executive Committee has reconsidered interpretation 101-9 and concluded that revisions are necessary. The following significant revisions are proposed: (1) a revised definition of a member or a member's firm, which includes contractors and entities controlled by persons included in the definition of a member or a member's firm; (2) deletion of reference to "key assistants" to certain financial executives as positions with a client indicating significant influence; (3) a new section defining the phrase "office participating in a significant portion of the engagement"; (4) inclusion of specific time periods during which relationships of the auditor ...


Proposed Statement Of Position : Reporting By Financial Institutions Of Debt Securities Held As Assets;Reporting By Financial Institutions Of Debt Securities Held As Assets; Exposure Draft (American Institute Of Certified Public Accountants), 1990, May 25, American Institute Of Certified Public Accountants. Accounting Standards Executive Committee Jan 1990

Proposed Statement Of Position : Reporting By Financial Institutions Of Debt Securities Held As Assets;Reporting By Financial Institutions Of Debt Securities Held As Assets; Exposure Draft (American Institute Of Certified Public Accountants), 1990, May 25, American Institute Of Certified Public Accountants. Accounting Standards Executive Committee

Statements of Position

This proposed statement of position (SOP) provides guidance on applying generally accepted accounting principles in reporting by financial institutions of debt securities held as assets. Briefly, the proposed SOP recommends the following: 1. A financial institution should designate debt securities held as assets as investments, assets held for sale, or trading assets at acquisition and at each subsequent balance sheet date. 2. A financial institution should designate debt securities as investments and report them at amortized cost only if it currently has the ability to hold the securities to maturity and it intends to hold them for the foreseeable future ...


Proposed Statement On Standards For Formal Continuing Professional Education (Cpe) Programs;Statement On Standards For Formal Continuing Professional Education (Cpe) Programs; Exposure Draft (American Institute Of Certified Public Accountants), 1990, June 1, American Institute Of Certified Public Accountants. Continuing Professional Education Division. Cpe Standards Subcommittee Jan 1990

Proposed Statement On Standards For Formal Continuing Professional Education (Cpe) Programs;Statement On Standards For Formal Continuing Professional Education (Cpe) Programs; Exposure Draft (American Institute Of Certified Public Accountants), 1990, June 1, American Institute Of Certified Public Accountants. Continuing Professional Education Division. Cpe Standards Subcommittee

Statements of Position

This proposed statement on standards for formal Continuing Professional Education (CPE) programs was developed by the AlCPA's CPE Standards Subcommittee. It was approved for issuance by the AICPA Board of Directors and CPE Executive Committee. The standards incorporate parts of and supersede the AlCPA's 1971 Resolution of Council regarding CPE and the 1976 Statement on Standards for Formal Group and Formal Self-Study Programs. The standards were widely exposed and the feedback carefully considered in order to promote uniformity and gain the widest possible acceptance from individual state boards of accountancy, the National Association of State Boards of Accountancy ...


Proposed Statement On Auditing Standards : Omnibus Statement On Auditing Standards, 1990;Omnibus Statement On Auditing Standards, 1990; Exposure Draft (American Institute Of Certified Public Accountants), 1990, July 17, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1990

Proposed Statement On Auditing Standards : Omnibus Statement On Auditing Standards, 1990;Omnibus Statement On Auditing Standards, 1990; Exposure Draft (American Institute Of Certified Public Accountants), 1990, July 17, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

This proposed statement on auditing standards contains three amendments to existing statements. These amendments: 1. Make explicit the required language that the auditor should include in an explanatory paragraph of the report when he or she concludes that there is substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time not to exceed one year from the balance-sheet date. 2. Clarify language in the auditor's report to describe the level of service the successor auditor performs on adjustments made to restate prior-year financial statements audited by a predecessor auditor whose ...


Omnibus Proposal Of Professional Ethics Division Interpretations And Rulings;Proposed Ethics Ruling Under Rule 101: Member Joining Client Credit Union;Member Joining Client Credit Union;Proposed Ethics Ruling Under Rule 101: Member As Guarantor Of Client's Loan Member As Guarantor Of Client's Loan;Proposed Ethics Ruling Under Rule 102: Individual Considering Or Accepting Employment With The Client Individual Considering Or Accepting Employment With The Client;Proposed Ethics Ruling Under Rule 102: Service On Board Of Tax Appeals;Service On Board Of Tax Appeals;Proposed Revision Of Interpretation 501-1 Under Rule 101: Client's Records And Accountant's Workpapers;Client's Records And Accountant's Workpapers;Proposed Revision Of Ethics Ruling No. 17 Under Rule 101: Member As Stockholder In Country Club;Member As Stockholder In Country Club;Proposed Deletion Of Ethics Ruling No. 34 Under Rule 101: Member As Auditor Of Common Trust Funds;Member As Auditor Of Common Trust Funds;Proposed Deletion Of Ethics Ruling No. 17 Under Rule 101: Member As Auditor Of Mutual Fund And Shareholder Of Investment Adviser/Manager;Member As Auditor Of Mutual Fund And Shareholder Of Investment Adviser/Manager; Exposure Draft (American Institute Of Certified Public Accountants), 1990, July 23, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee Jan 1990

Omnibus Proposal Of Professional Ethics Division Interpretations And Rulings;Proposed Ethics Ruling Under Rule 101: Member Joining Client Credit Union;Member Joining Client Credit Union;Proposed Ethics Ruling Under Rule 101: Member As Guarantor Of Client's Loan Member As Guarantor Of Client's Loan;Proposed Ethics Ruling Under Rule 102: Individual Considering Or Accepting Employment With The Client Individual Considering Or Accepting Employment With The Client;Proposed Ethics Ruling Under Rule 102: Service On Board Of Tax Appeals;Service On Board Of Tax Appeals;Proposed Revision Of Interpretation 501-1 Under Rule 101: Client's Records And Accountant's Workpapers;Client's Records And Accountant's Workpapers;Proposed Revision Of Ethics Ruling No. 17 Under Rule 101: Member As Stockholder In Country Club;Member As Stockholder In Country Club;Proposed Deletion Of Ethics Ruling No. 34 Under Rule 101: Member As Auditor Of Common Trust Funds;Member As Auditor Of Common Trust Funds;Proposed Deletion Of Ethics Ruling No. 17 Under Rule 101: Member As Auditor Of Mutual Fund And Shareholder Of Investment Adviser/Manager;Member As Auditor Of Mutual Fund And Shareholder Of Investment Adviser/Manager; Exposure Draft (American Institute Of Certified Public Accountants), 1990, July 23, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Statements of Position

1. The committee concluded that if a credit union meets the definition of a financial institution as provided in interpretation 101-5 and the loan is consistent with the requirements of interpretation 101-1-A4, membership in the credit union would not impair the member's and the member's firm's independence. If the credit union does not meet the definition of a financial institution or the loans or deposits are not in accordance with the interpretations and rulings of the AICPA Code of Professional Conduct, membership in the client credit union would cause the independence of the member and the member ...


Proposed Audit And Accounting Guide : Audits Of Employee Benefit Plans;Audits Of Employee Benefit Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Aug. 31, American Institute Of Certified Public Accountants. Employee Benefit Plans Committee Jan 1990

Proposed Audit And Accounting Guide : Audits Of Employee Benefit Plans;Audits Of Employee Benefit Plans; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Aug. 31, American Institute Of Certified Public Accountants. Employee Benefit Plans Committee

Statements of Position

A significant period of time has elapsed since the publication in 1983 of the AICPA Audit and Accounting Guide Audits of Employee Benefit Plans. Many changes have taken place in the generally accepted auditing standards and the application of these standards to the requirements of employee benefit plans, the types of plans offered, and the regulatory and financial reporting requirements. These changes have created the need for revised guidance. The objectives of this proposed guide are to provide (1) a general background of the plan environment and (2) practical guidance to the practitioner on the accounting, auditing, and financial reporting ...


Omnibus Proposal Of Professional Ethics Division Interpretations And Rulings; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Oct. 23, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee Jan 1990

Omnibus Proposal Of Professional Ethics Division Interpretations And Rulings; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Oct. 23, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Statements of Position

1. PROPOSED ETHICS RULING UNDER RULE 101: Member's Investment in a Partnership That Invests in Member's Client; 2. PROPOSED ETHICS RULING UNDER RULE 101: The Meaning of a Joint Closely Held Business Investment; 3. PROPOSED REVISION OF INTERPRETATION 101-8 UNDER RULE 101: Effect on Independence of Financial Interests in Nonclients Having Investor or Investee Relationships With a Member's Client; 4. PROPOSED ETHICS RULING UNDER RULE 101: Member's Investment in a Limited Partnership; 5. PROPOSED REVISION OF ETHICS RULING NO. 69 UNDER RULE 101: Joint Investment With a Promoter and/or General Partner; 6. PROPOSED DELETION OF ...


Proposed Statement On Auditing Standards : The Confirmation Process;Confirmation Process; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Nov. 13, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1990

Proposed Statement On Auditing Standards : The Confirmation Process;Confirmation Process; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Nov. 13, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The Auditing Standards Board is considering the issuance of this proposed Statement to provide practitioners with additional guidance about the use of confirmations. The Board determined that additional guidance was necessary after reviewing problems identified in the peer review process, in the SEC Enforcement Releases, and in research. The Board's review indicated that practitioners do not always appropriately consider: 1. The financial statement assertions addressed by confirmations; 2. The design of the confirmation request; 3. The third party to whom the request was addressed; 4. The evaluation of confirmation results. This proposed Statement provides guidance about all types of ...


Proposed Statement Of Position : Accounting For Real Estate Syndication Income;Accounting For Real Estate Syndication Income; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Dec. 5, American Institute Of Certified Public Accountants. Real Estate Committee Jan 1990

Proposed Statement Of Position : Accounting For Real Estate Syndication Income;Accounting For Real Estate Syndication Income; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Dec. 5, American Institute Of Certified Public Accountants. Real Estate Committee

Statements of Position

This proposed statement of position (SOP) provides guidance on applying generally accepted accounting principles in accounting for real estate syndication income. Briefly, the SOP arrives at the following conclusions: 1. FASB Statement No. 66, Accounting for Sales of Real Estate, applies to the recognition of profit on the sale of real estate by syndicators to partnerships. 2. The guidance in FASB Statement No. 66 should be applied by analogy to the recognition of profit on real estate syndication transactions, even if the syndicators never had ownership interests in the properties acquired by the real estate partnerships. 3. FASB Statement No ...


Proposed Audit And Accounting Guide : Audits Of Savings Institutions ;Audits Of Savings Institutions; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Aug. 31, American Institute Of Certified Public Accountants. Savings And Loan Associations Guide Special Committee Jan 1990

Proposed Audit And Accounting Guide : Audits Of Savings Institutions ;Audits Of Savings Institutions; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Aug. 31, American Institute Of Certified Public Accountants. Savings And Loan Associations Guide Special Committee

Statements of Position

This proposed audit and accounting guide has been prepared to assist the independent auditor in auditing and reporting on the financial statements of savings institutions. It describes relevant matters or procedures unique to those entities and focuses on specific problems of auditing and reporting on the financial statements of savings institutions. This proposed guide would supersede the audit and accounting guide Savings and Loan Associations (Fourth Revised Edition). This proposed guide includes illustrations of the form and content of financial statements for savings institutions and the auditors' reports thereon.


Proposed Revisions To Statements On Responsibilities In Tax Practice (1988 Revision) Nos. 6 And 7, "Knowledge Of Error" ;Statements On Responsibilities In Tax Practice (1988 Revision) Nos. 6 And 7, "Knowledge Of Error" Knowledge Of Error; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Dec. 18, American Institute Of Certified Public Accountants. Tax Executive Committee, American Institute Of Certified Public Accountants. Responsibilities In Tax Practice Committee Jan 1990

Proposed Revisions To Statements On Responsibilities In Tax Practice (1988 Revision) Nos. 6 And 7, "Knowledge Of Error" ;Statements On Responsibilities In Tax Practice (1988 Revision) Nos. 6 And 7, "Knowledge Of Error" Knowledge Of Error; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Dec. 18, American Institute Of Certified Public Accountants. Tax Executive Committee, American Institute Of Certified Public Accountants. Responsibilities In Tax Practice Committee

Statements of Position

In August 1988, the AICPA Tax Division issued revised Statements on Responsibilities in Tax Practice (SRTPs). The primary purpose of these advisory statements on appropriate standards of tax practice is educational.. SRTP (1988 Rev.) Nos. 6 and 7 included footnotes indicating that future statements would address (1) the effect of retroactive laws, regulations or court decisions and (2) erroneous accounting methods. The proposed revisions included here modify SRTP (1988 Rev.) Nos. 6 and 7 to address these issues. This exposure draft defines an error as any position, omission, or method of accounting that, at the time the return is filed ...


Reports On Audited Financial Statements Of Property And Liability Insurance Companies : November 30, 1990 : Amendment To Aicpa Audit And Accounting Guide Audits Of Property And Liability Insurance Companies; Statement Of Position 90-10;, American Institute Of Certified Public Accountants. Insurance Companies Committee Jan 1990

Reports On Audited Financial Statements Of Property And Liability Insurance Companies : November 30, 1990 : Amendment To Aicpa Audit And Accounting Guide Audits Of Property And Liability Insurance Companies; Statement Of Position 90-10;, American Institute Of Certified Public Accountants. Insurance Companies Committee

Statements of Position

No abstract provided.


Disclosure Of Certain Information By Financial Institutions About Debt Securities Held As Assets : November 30, 1990 : Amendment To Aicpa Audit And Accounting Guides Audits Of Banks, Audits Of Credit Unions, Audits Of Finance Companies (Including Independent And Captive Financing Activities Of Other Companies), Audits Of Property And Liability Insurance Companies, Savings And Loan Associations, And Audits Of Stock Life Insurance Companies; Statement Of Position 90-11;, American Institute Of Certified Public Accountants. Accounting Standards Executive Committee Jan 1990

Disclosure Of Certain Information By Financial Institutions About Debt Securities Held As Assets : November 30, 1990 : Amendment To Aicpa Audit And Accounting Guides Audits Of Banks, Audits Of Credit Unions, Audits Of Finance Companies (Including Independent And Captive Financing Activities Of Other Companies), Audits Of Property And Liability Insurance Companies, Savings And Loan Associations, And Audits Of Stock Life Insurance Companies; Statement Of Position 90-11;, American Institute Of Certified Public Accountants. Accounting Standards Executive Committee

Statements of Position

No abstract provided.


Definition Of The Term Substantially The Same For Holders Of Debt Instruments, As Used In Certain Audit Guides And A Statement Of Position : February 13, 1990 Amendment To Aicpa Industry Audit Guide, Audits Of Banks And Aicpa Audit And Accounting Guides Audits Of Brokers And Dealers In Securities And Savings And Loan Associations; Statement Of Position 90-03;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1990

Definition Of The Term Substantially The Same For Holders Of Debt Instruments, As Used In Certain Audit Guides And A Statement Of Position : February 13, 1990 Amendment To Aicpa Industry Audit Guide, Audits Of Banks And Aicpa Audit And Accounting Guides Audits Of Brokers And Dealers In Securities And Savings And Loan Associations; Statement Of Position 90-03;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Auditors' Reports Under U.S. Department Of Housing And Urban Development's Audit Guide For Mortgagors Having Hud Insured Or Secretary Held Multifamily Mortgages; Statement Of Position 90-04;, American Institute Of Certified Public Accountants. Auditing Standards Division Jan 1990

Auditors' Reports Under U.S. Department Of Housing And Urban Development's Audit Guide For Mortgagors Having Hud Insured Or Secretary Held Multifamily Mortgages; Statement Of Position 90-04;, American Institute Of Certified Public Accountants. Auditing Standards Division

Statements of Position

No abstract provided.


Inquiries Of Representatives Of Financial Institution Regulatory Agencies : August 31, 1990 Amendment To Aicpa Industry Audit Guide, Audits Of Banks, Aicpa Audit And Accounting Guide, Audits Of Credit Unions, And Aicpa Audit And Accounting Guide, Savings And Loan Associations; Statement Of Position 90-05;, American Institute Of Certified Public Accountants. Banking Committee Jan 1990

Inquiries Of Representatives Of Financial Institution Regulatory Agencies : August 31, 1990 Amendment To Aicpa Industry Audit Guide, Audits Of Banks, Aicpa Audit And Accounting Guide, Audits Of Credit Unions, And Aicpa Audit And Accounting Guide, Savings And Loan Associations; Statement Of Position 90-05;, American Institute Of Certified Public Accountants. Banking Committee

Statements of Position

No abstract provided.


Financial Reporting By Entities In Reorganization Under The Bankruptcy Code : November 19, 1990; Statement Of Position 90-07;, American Institute Of Certified Public Accountants. Task Force On Financial Reporting By Entities In Reorganization Under The Bankruptcy Code Jan 1990

Financial Reporting By Entities In Reorganization Under The Bankruptcy Code : November 19, 1990; Statement Of Position 90-07;, American Institute Of Certified Public Accountants. Task Force On Financial Reporting By Entities In Reorganization Under The Bankruptcy Code

Statements of Position

No abstract provided.


Financial Accounting And Reporting By Continuing Care Retirement Communities : November 28, 1990 : Amendment To Aicpa Audit And Accounting Guide Audits Of Providers Of Health Care Services; Statement Of Position 90-08;, American Institute Of Certified Public Accountants. Accounting Standards Division Jan 1990

Financial Accounting And Reporting By Continuing Care Retirement Communities : November 28, 1990 : Amendment To Aicpa Audit And Accounting Guide Audits Of Providers Of Health Care Services; Statement Of Position 90-08;, American Institute Of Certified Public Accountants. Accounting Standards Division

Statements of Position

No abstract provided.


Auditor's Consideration Of The Internal Control Structure Used In Administering Federal Financial Assistance Programs Under The Single Audit Act : November 28, 1990 : Amendment To Aicpa Audit And Accounting Guide, Audits Of State And Local Governmental Units, And Supersession Of Sop 89-6, Example 26; Statement Of Position 90-09;, American Institute Of Certified Public Accountants. Government Accounting And Auditing Committee Jan 1990

Auditor's Consideration Of The Internal Control Structure Used In Administering Federal Financial Assistance Programs Under The Single Audit Act : November 28, 1990 : Amendment To Aicpa Audit And Accounting Guide, Audits Of State And Local Governmental Units, And Supersession Of Sop 89-6, Example 26; Statement Of Position 90-09;, American Institute Of Certified Public Accountants. Government Accounting And Auditing Committee

Statements of Position

No abstract provided.


Directors' Examinations Of Banks : September 17, 1990 Amendment To Aicpa Industry Audit Guide, Audits Of Banks; Statement Of Position 90-06;, American Institute Of Certified Public Accountants. Banking Committee Jan 1990

Directors' Examinations Of Banks : September 17, 1990 Amendment To Aicpa Industry Audit Guide, Audits Of Banks; Statement Of Position 90-06;, American Institute Of Certified Public Accountants. Banking Committee

Statements of Position

No abstract provided.


Proposed Interpretation Of Statement On Responsibilities In Tax Practice (1988 Revision) No. 1 : Realistic Possibility Standard ;Realistic Possibility Standard, Includes Srtp No. 1, 1988 Rev;Statements On Responsibilities In Tax Practice, No. 1, 1988 Rev; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Aug. 15, American Institute Of Certified Public Accountants. Tax Division Jan 1990

Proposed Interpretation Of Statement On Responsibilities In Tax Practice (1988 Revision) No. 1 : Realistic Possibility Standard ;Realistic Possibility Standard, Includes Srtp No. 1, 1988 Rev;Statements On Responsibilities In Tax Practice, No. 1, 1988 Rev; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Aug. 15, American Institute Of Certified Public Accountants. Tax Division

Statements of Position

In August 1988 the AICPA Tax Division issued revised Statements on Responsibilities in Tax Practice (SRTPs). The primary purpose of these advisory statements on appropriate standards of tax practice is educational. SRTP (1988 Rev.) No. 1, 'Tax Return Positions," contains the standards a CPA should follow in recommending tax return positions and in preparing or signing tax returns and claims for refunds. The standard in SRTP (1988 Rev.) No. 1 requires that a CPA have "a good faith belief that the [tax return] position [being recommended] has a realistic possibility of being sustained administratively or judicially on its merits if ...


Accountants' Services On Prospective Financial Statements For Internal Use Only And Partial Presentations : January 5, 1990; Statement Of Position 90-01;, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force Jan 1990

Accountants' Services On Prospective Financial Statements For Internal Use Only And Partial Presentations : January 5, 1990; Statement Of Position 90-01;, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force

Statements of Position

No abstract provided.


Proposed Statement On Auditing Standards : The Proposed Statement On Auditing Standards : The Auditor's Consideration Of The Internal Audit Function In An Audit Of Financial Statements ;Auditor's Consideration Of The Internal Audit Function In An Audit Of Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Mar. 12, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1990

Proposed Statement On Auditing Standards : The Proposed Statement On Auditing Standards : The Auditor's Consideration Of The Internal Audit Function In An Audit Of Financial Statements ;Auditor's Consideration Of The Internal Audit Function In An Audit Of Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Mar. 12, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The Auditing Standards Board is considering the issuance of this proposed Statement to provide practitioners with expanded guidance when considering work performed by internal auditors. Internal auditors are responsible for providing analyses, evaluations, assurances, recommendations, and other information to the entity's management and board of directors or others with equivalent authority and responsibility. Many of these activities are relevant to the audit because they provide evidence about the design and effectiveness of internal control structure policies and procedures or direct evidence about misstatements of financial data contained in financial statements. This proposed Statement contains factors to assist auditors in ...


Proposed Statement Of Position : Accounting For Foreclosed Assets;Accounting For Foreclosed Assets; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Dec. 11, American Institute Of Certified Public Accountants. Accounting Standards Division. Accounting Standards Executive Committee Jan 1990

Proposed Statement Of Position : Accounting For Foreclosed Assets;Accounting For Foreclosed Assets; Exposure Draft (American Institute Of Certified Public Accountants), 1990, Dec. 11, American Institute Of Certified Public Accountants. Accounting Standards Division. Accounting Standards Executive Committee

Statements of Position

This proposed statement of position (SOP) provides guidance for financial reporting of foreclosed assets after foreclosure. Briefly, the proposed SOP recommends the following: 1. There is a presumption that foreclosed assets will be sold. 2. Foreclosed assets that will be sold should be carried at the lower of cost or fair value. 3. Periodic net cash payments related to foreclosed assets held for sale should be charged to income; periodic net cash receipts related to foreclosed assets held for sale should be credited to the assets' carrying amount; no depreciation or amortization expense should be recognized. 4. The carrying amount ...