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Statements of Position

Financial statements -- Standards -- United States

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Proposed Statement On Standards For Accounting And Review Services, Omnibus -- 2002;Omnibus -- 2002; Exposure Draft (American Institute Of Certified Public Accountants), 2002, Aug. 1, American Institute Of Certified Public Accountants. Accounting And Review Services Committee Jan 2002

Proposed Statement On Standards For Accounting And Review Services, Omnibus -- 2002;Omnibus -- 2002; Exposure Draft (American Institute Of Certified Public Accountants), 2002, Aug. 1, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Statements of Position

Periodically, the Accounting and Review Services Committee (ARSC) issues an Omnibus Statement. The Omnibus includes proposed revisions to existing Statements on Standards for Accounting and Review Services (SSARSs) that have been accumulated over a period of time. The proposed revisions due to the significance of the issues and cost benefit considerations do not in and of themselves warrant the issuance of separate standards. Therefore, an Omnibus is issued. 1. The auditing literature allows an accountant who may be associated with financial statements of a public company, but has not audited or reviewed such statements, to state that he or she ...


Proposed Statement On Standards For Accounting And Review Services : Amendment To Statement On Standards For Accounting And Review Services 1, Compilation And Review Of Financial Statements ;Amendment To Statement On Standards For Accounting And Review Services 1, Compilation And Review Of Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1999, Dec. 31, American Institute Of Certified Public Accountants. Accounting And Review Services Committee Jan 1999

Proposed Statement On Standards For Accounting And Review Services : Amendment To Statement On Standards For Accounting And Review Services 1, Compilation And Review Of Financial Statements ;Amendment To Statement On Standards For Accounting And Review Services 1, Compilation And Review Of Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1999, Dec. 31, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Statements of Position

During the last five years, there has been a gradual change in the services that clients of CPAs are requesting. Rapid advances in information technology and low-cost software now enable even the smallest entity to record its transactions and prepare its own financial statements. Nevertheless, many nonpublic entities look to their accountants for varied accounting and business advisory services that often include assistance in the preparation of financial statements intended for management's use. In addition, it has become apparent that there is difficulty and inconsistency within the profession regarding the applicability of Statements on Standards for Accounting and Review ...


Proposed Statement On Auditing Standards : Engagements To Apply Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement ;Engagements To Apply Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement; Exposure Draft (American Institute Of Certified Public Accountants), 1994, Oct. 28, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1994

Proposed Statement On Auditing Standards : Engagements To Apply Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement ;Engagements To Apply Agreed-Upon Procedures To Specified Elements, Accounts, Or Items Of A Financial Statement; Exposure Draft (American Institute Of Certified Public Accountants), 1994, Oct. 28, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

The Auditing Standards Board (ASB) is considering the issuance of a statement on auditing standards to provide guidance to auditors on performing and reporting on applying agreed-upon procedures to specified elements, accounts, or items of a financial statement. The ASB has observed that there is diversity in practice in performing and reporting on these engagements, and that the existing guidance does not address a number of issues auditors should consider. In addition, the ASB has concluded that negative assurance should be eliminated from reports on engagements covered by the Statement. The proposed Statement provides guidance to assist the auditor in ...


Questions And Answers On The Term Reasonably Objective Basis And Other Issues Affecting Prospective Financial Statements : February 10, 1992, Amendment To Aicpa Guide For Prospective Financial Statements; Statement Of Position 92-2;, American Institute Of Certified Public Accountants. Auditing Standards Division Jan 1992

Questions And Answers On The Term Reasonably Objective Basis And Other Issues Affecting Prospective Financial Statements : February 10, 1992, Amendment To Aicpa Guide For Prospective Financial Statements; Statement Of Position 92-2;, American Institute Of Certified Public Accountants. Auditing Standards Division

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 Authoritative Statement : Prospective Financial Statements ;Prospective Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1984, June 27, American Institute Of Certified Public Accountants. Auditing Standards Board Jan 1984

Proposed Authoritative Statement : Prospective Financial Statements ;Prospective Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1984, June 27, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements of Position

This proposed Statement provides that an accountant who reports on, or consents to the use of his name in conjunction with, prospective financial statements that are not restriced to internal use should either compile or review the prospective financial statements, following the guidance in this Statement, and report accordingly. The proposed Statement is applicable to all accountants, whether engaged in accounting, auditing, tax, or MAS practices. The proposed Statement would (1) establish procedures and reporting standards for a compilation service on prospective financial statements; (2) extend the review service described in the 1980 AICPA guide, Guide for Review of a ...


Proposed Guide For Prospective Financial Statements;Guide For Prospective Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1983, Sept. 20, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force Jan 1983

Proposed Guide For Prospective Financial Statements;Guide For Prospective Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1983, Sept. 20, American Institute Of Certified Public Accountants. Financial Forecasts And Projections Task Force

Statements of Position

This proposed guide provides guidance for management and other responsible parties regarding the preparation and presentation of prospective financial statements. Prospective financial statements are financial information about the future that impart certain minimum details about the results of operations and changes in financial position. The draft also provides guidance for accountants, WHETHER ENGAGED IN ACCOUNTING, AUDITING, TAX, OR MAS PRACTICES, and would require accountants associated with prospective financial statements to report on them. Accountants may be associated with prospective financial statements as a result of engagements conducted for the express purpose of compiling or reviewing such statements or in conjunction ...


Proposed Statement On Auditing Standards : Segment Information ;Segment Information; Exposure Draft (American Institute Of Certified Public Accountants), 1977, Aug. 31, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee Jan 1977

Proposed Statement On Auditing Standards : Segment Information ;Segment Information; Exposure Draft (American Institute Of Certified Public Accountants), 1977, Aug. 31, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee

Statements of Position

The proposed Statement provides guidance to an auditor in examining and reporting on financial statements that are required to include segment information in conformity with FASB Statement No. 14, "Financial Reporting for Segments of a Business Enterprise." According to the proposed Statement, an examination made for the purpose of expressing an opinion on financial statements taken as a whole ordinarily would not be sufficient to enable the auditor to express a separate opinion on the segment information. It states that the objective of auditing procedures applied to segment information should be to provide the auditor with a reasonable basis for ...


Proposed Statement On Auditing Standards : Reports On Comparative Financial Statements;Reports On Comparative Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1976, July 30, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee Jan 1976

Proposed Statement On Auditing Standards : Reports On Comparative Financial Statements;Reports On Comparative Financial Statements; Exposure Draft (American Institute Of Certified Public Accountants), 1976, July 30, American Institute Of Certified Public Accountants. Auditing Standards Executive Committee

Statements of Position

This proposed Statement provides guidance on reporting on comparative financial statements, whether audited or unaudited. It requires the auditor to update his opinion on prior-period audited financial statements presented on a comparative basis with those of the current period and specifies a standard report on comparative financial statements for two annual periods. The exposure draft also offers guidance on reports with differing opinions, reports with a revision of a previous opinion, and reports when a predecessor auditor has examined the prior-period financial statements.