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.

Auditor's Report

1982 ◽  
Vol 29 (6) ◽  
pp. 66-67
Keyword(s):  
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 sta tements is the representation of the management of the National Council of Teachers of Mathematics.

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.

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.

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.

The 150-Hour Requirement and Changes in the Supply of Accounting Undergraduates: Evidence from a Quasi-Experiment

2002 ◽  
Vol 17 (3) ◽  
pp. 253-268 ◽  
Author(s):  
Jeff P. Boone ◽  
Teddy L. Coe
Keyword(s):  
Working Conditions ◽  
The Other ◽  
Certified Public Accountants ◽  
American Institute ◽  
Student Counseling ◽  
Public Accountants ◽  
Accounting Graduates ◽  
Quasi Experiment

The number of accounting graduates has declined sharply following the near universal adoption of the 150-hour requirement for licensing and as a condition for membership in the American Institute of Certified Public Accountants (AICPA). This decline has led many observers to conclude that the 150-hour requirement was a mistake. Our study investigates the extent to which the 150-hour requirement (rather than other causes) is responsible for the decline in the number of accounting graduates during the 1990s. We document that approximately 38 percent of the decline can be attributed to the requirement. The other 62 percent of the decline remains unexplained. Our study underscores the importance of considering other factors such as noncompetitive compensation, unattractive working conditions, inappropriate student counseling, and inadequate curriculum among others when trying to understand the decline in accounting enrollments.

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