scholarly journals Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on Proposed Statement on Standards for Attestation Engagements, Amendments to the Description of the Concept of Materiality

2019 ◽  
Vol 13 (2) ◽  
pp. C20-C22
Author(s):  
Sean Dennis ◽  
Denise Dickins ◽  
Christine E. Earley ◽  
Julia L. Higgs
Keyword(s):  
Financial Statements ◽  
Data Availability ◽  
Certified Public Accountants ◽  
American Institute ◽  
Economic Decisions ◽  
Auditing Standards ◽  
Public Accountants

SUMMARY In June 2019, the Auditing Standards Board (the Board) of the American Institute of Certified Public Accountants issued a request for comment on its Proposed Statement on Standards for Attestation Engagements, Amendments to the Description of the Concept of Materiality (the Proposal), which seeks to change the criteria for determining whether omissions or misstatements rise to the level of materially misstating financial statements from those that could reasonably be expected to influence economic decisions of a user, to those where there is a substantial likelihood that they would influence the judgment of a reasonable user. The comment period ends August 5, 2019. This commentary summarizes the participating committee members' views on feedback requested by the Board. Data Availability: The Proposal, including questions for respondents, is available at: https://www.aicpa.org/content/dam/aicpa/research/exposuredrafts/accountingandauditing/downloadabledocuments/20190605a/20190605a-ed-sas-ssae-materiality.pdf.

scholarly journals Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on Proposed Statement on Auditing Standards (SAS), Audit Evidence

2019 ◽  
Vol 14 (1) ◽  
pp. C1-C9
Author(s):  
Veena Looknanan Brown ◽  
Denise Dickins ◽  
Dana R. Hermanson ◽  
Julia L. Higgs ◽  
J. Gregory Jenkins ◽  
...  
Keyword(s):  
Data Analytics ◽  
Information Sources ◽  
Data Availability ◽  
External Information ◽  
Certified Public Accountants ◽  
American Institute ◽  
Professional Skepticism ◽  
Audit Data ◽  
Audit Evidence ◽  
Auditing Standards

SUMMARY On June 20, 2019, the American Institute of Certified Public Accountants Auditing Standards Board (the Board or ASB) issued a request for comment on its Exposure Draft, Proposed Statement on Auditing Standards, Audit Evidence. Enhancements in the proposed SAS include the use of emerging technologies by both preparers and auditors, audit data analytics, the application of professional skepticism, and the expanding use of external information sources as audit evidence. The comment period ended on September 18, 2019. This commentary summarizes the participating committee members' views on selected questions posed by the ASB. Questions not addressed by the committee are listed at the end of this manuscript. Data Availability: Proposed Statement on Auditing Standards (SAS), Audit Evidence, including questions for respondents, is available at: https://www.aicpa.org/content/dam/aicpa/research/exposuredrafts/accountingandauditing/downloadabledocuments/20190620a/20190620a-ed-sas-audit-evidence.pdf

National Council of Teachers of Mathematics: Auditor’s Report

1982 ◽  
Vol 75 (2) ◽  
pp. 180-182
Keyword(s):  
Financial Statements ◽  
National Council ◽  
Certified Public Accountants ◽  
American Institute ◽  
Financial Position ◽  
Fund Balances ◽  
Public Accountants

In accordance with the terms and objectives of our engagement, we have reviewed the accompanying statement of financial position of the National Council of Teachers of Mathematics as of 31 May 1981, and the related statements of operations and fund balances, and changes in financial position for the year then ended, in accordance with standards established by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of the National Council of Teachers of Mathematics.

Evidence of Perceived Quality of “Plain-Paper Statements”

2006 ◽  
Vol 25 (2) ◽  
pp. 85-94 ◽  
Author(s):  
Alan Reinstein ◽  
Brian Patrick Green ◽  
Cathleen L. Miller
Keyword(s):  
Financial Statements ◽  
Perceived Quality ◽  
Financial Statement ◽  
Certified Public Accountants ◽  
American Institute ◽  
Level Of Confidence ◽  
Plain Paper ◽  
Public Accountants

CPAs have struggled with financial statement users placing too much confidence in nonpublic entities' limited-assurance documents. Despite Statement on Standards for Accounting and Review Services Number 1 (SSARS No. 1) issued in 1979, research shows that CPAs and statement users place confidence in and reliance on CPA compiled and reviewed statements. In 2000, the American Institute of Certified Public Accountants (AICPA) issued SSARS No. 8, Amendment to SSARS No. 1, Compilation and Review of Financial Statements, relating to plain-paper statements. We surveyed practicing CPAs and bankers to measure their confidence in and reliance on no-assurance engagements: compilations, plain-paper statements, and statements with accountants' reports/letters. We find that both CPAs and bankers report some level of confidence in and reliance on plain-paper statements. Both parties perceive greater confidence in and reliance on financial statements where a CPA is known to be minimally associated with the statements.

ALVIN R. JENNINGS: MANAGING PARTNER, POLICY-MAKER, AND INSTITUTE PRESIDENT

2015 ◽  
Vol 42 (1) ◽  
pp. 85-104 ◽  
Author(s):  
Martin E. Persson ◽  
Vaughan S. Radcliffe ◽  
Mitchell Stein
Keyword(s):  
Policy Maker ◽  
Certified Public Accountants ◽  
American Institute ◽  
Academic Field ◽  
Accounting Research ◽  
Public Accountants

Alvin R. Jennings (1905–1990) was a rare breed of an accountant. He was trained as a practitioner and rose to become a managing partner at Lybrand, Ross Bros. & Montgomery, but he kept a constant watch on the academic field of accounting research. Jennings served on the influential American Institute of Accountants' Committee on Auditing Procedure (1946–49) and later as the president of the American Institute of Certified Public Accountants (1957–58). This paper explores these activities and Jennings' contribution to the professional, academic, and institution discourse of the accounting discipline.

DIGITIZING THE ACCOUNTING HISTORIANS JOURNAL: A SHORT HISTORY

2006 ◽  
Vol 33 (2) ◽  
pp. 157-168 ◽  
Author(s):  
Royce D. Kurtz ◽  
David K. Herrera ◽  
Stephanie D. Moussalli
Keyword(s):  
Full Text ◽  
Certified Public Accountants ◽  
University Of Mississippi ◽  
Short History ◽  
American Institute ◽  
Federal Grant ◽  
Public Accountants ◽  
The University ◽  
Copyright Permission

The University of Mississippi Library has digitized the Accounting Historians Journal from 1974 through 1992, cover-to-cover. The American Institute of Certified Public Accountants' gift of their library to the University of Mississippi was, fortuitously, the impetus for the AHJ digitizing project. A complicated chain of events followed which included discussions with the Academy of Accounting Historians for copyright permission, an application for a federal grant, negotiations with software vendors, and decisions about search capabilities and display formats. Each article in AHJ is now full-text searchable with accompanying PDF page images.

EARLY ENCOUNTERS BETWEEN CPAs AND THE SEC*

1979 ◽  
Vol 6 (1) ◽  
pp. 29-37 ◽  
Author(s):  
John L. Carey
Keyword(s):  
Vice President ◽  
Gold Medal ◽  
Certified Public Accountants ◽  
American Institute ◽  
Public Accountants

The recollections of John L. Carey about the policies and politics in professional circles during the very important period when the Securities Exchange Commission first came into being. Mr. Carey served the American Institute of Certified Public Accountants in various capacities from 1925 to 1969, including editor of The Journal of Accountancy and Administrative Vice-president, and received the Institute's gold medal for distinguished service to the profession.

Audit Practices of PricewaterhouseCoopers

2000 ◽  
Vol 19 (2) ◽  
pp. 176-182 ◽  
Author(s):  
Barry N. Winograd ◽  
James S. Gerson ◽  
Barbara L. Berlin
Keyword(s):  
The United States ◽  
International Federation ◽  
International Standards ◽  
Certified Public Accountants ◽  
American Institute ◽  
Distinctive Features ◽  
International Firms ◽  
New Development ◽  
Auditing Standards ◽  
Audit Approach

This paper discusses the development of the PricewaterhouseCoopers Audit Approach (PwCAA), identifies distinctive features of this approach, and provides information on new development areas. The discussion will provide a summary of each of these items and will focus on the distinctive features of the PwCAA. The article will not cover elements that appear to be consistent with other firm methodologies. Significant consistencies exist since all of the major international firms essentially operate under generally accepted auditing standards, i.e., the International Standards on Auditing (ISA) as established by the International Federation of Accountants. In the United States, they also comply with generally accepted auditing standards (GAAS) as established by the American Institute of Certified Public Accountants (AICPA).

scholarly journals Teoria da Entidade versus Teoria dos Fundos: uma análise da evidenciação das demonstrações financeiras de uma organização sem fins lucrativos

2013 ◽  
Vol 7 (2) ◽  
pp. 4-21
Author(s):  
Gislaine Aparecida Santana ◽  
Romualdo Douglas Colauto ◽  
Cleberson Luiz Santos de Paula ◽  
Gideão José Pinto Oliveira
Keyword(s):  
Certified Public Accountants ◽  
American Institute ◽  
Public Accountants

As associações sem finalidade lucrativa não possuem legislação específica para evidenciação de suas Demonstrações Financeiras (DFs) e por isso, são obrigadas a prepará-las conforme as normas para as organizações com finalidades lucrativas. Como a totalidade das rendas arrecadas pelas organizações sem fins lucrativos possui destinação específica, a utilização da teoria dos fundos para evidenciação das DFs pode tornar-se a mais adequada para este tipo de entidade. Assim, objetivou-se com este artigo demonstrar a evidenciação do Patrimônio Líquido em uma organização sem fins lucrativos sob a ótica da Teoria dos Fundos. A pesquisa caracterizada como exploratória, buscou converter as DFs de uma organização sem finalidade lucrativa, elaboradas de acordo com a Teoria da Entidade, em DFs elaboradas segundo os princípios da Teoria dos Fundos. O modelo de DFs utilizado no estudo encontra respaldo no Pronunciamento SFAS 117 do American Institute of Certified Public Accountants de 1993, o qual identifica se os recursos arrecadados apresentam restrições temporárias, permanentes ou nenhum tipo de restrição de uso pela organização. Os resultados mostram que a conversão permite ao usuário das informações contábeis identificar o patrimônio da organização de acordo com a sua finalidade e/ou restrição. Desse modo, a organização em estudo apresentou um patrimônio quase em sua totalidade com característica de restrição de uso. Além de revelar um superávit consolidado no Resultado do Exercício pelo modelo da Teoria da Entidade e um déficit quando segregado por fundos.

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