Audit Risk Alert: General Accounting and Auditing Developments 2018/19 (eBook)

Aicpa (Autor)

eBook Download: EPUB

2018 | 1. Auflage
96 Seiten
Wiley (Verlag)
978-1-948306-30-0 (ISBN)

Infos

Containing descriptions of all recent auditing, accounting and regulatory developments, this 2018 alert will ensure that accountants have a robust understanding of the business, economic, and regulatory environments in which they and their clients operate. In addition, accountants will gain a full understanding of emerging practice issues, with targeted analysis of new developments and how they may affect their engagements, including: Recent Economic Trends Recent Legislative and PCAOB Developments Developments in Peer Review Recent Ethics Interpretations This useful resource also contains new accounting and auditing guidance related: Derivatives and Hedging Service Concession Agreements Discontinued Operations Stock Compensation

Autor

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards. The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

Inhalt

General Accounting and Auditing Developments -- 2018/19 .01-338

How This Alert Helps You 01-03

Economic and Industry Developments 04-08

The Current Economy 04-05

Key Economic Indicators 06-08

Legislative and Regulatory Developments 09-25

Tax Cuts & Jobs Act 09-11

Inspections of Broker-Dealer 12-25

Audit and Attestation Issues and Developments 26-133

The AICPA Enhancing Audit Quality Initiative 26-43

Compliance with the Risk Assessment Standards 44-55

Emerging Technologies: What Practitioners Need to Know 56-69

Cybersecurity 70-71

Auditing Standards Board 72-93

Accounting and Review Services Committee 94-116

Common Peer Review Findings 117-133

Revenue Recognition 134-172

Overview 134-136

Effective or Applicability Date 137-138

Overview of the New Guidance 139-141

Understanding the Five-Step Process 142-153

Additional Guidance under the New Standard 154-155

Transition Resource Group 156-157

Latest Developments 158-171

Conclusion 172

New Leases Standard Will Change Financial Statement Presentation 173-207

Issuance and Objective 173-174

Applicability and Effective Date 175-176

Main Provisions 177-188

Lessee Accounting 189-195

Lessor Accounting 196-200

Sale and Leaseback Transactions 201-202

Leveraged Lease Arrangements 203

Land Easement Practical Expedient 204-206

Targeted Improvements 207

Accounting for Financial Instruments 208-230

Overview 208-209

Applicability and Effective Date 210-213

Impairment 214-228

Hedge Accounting 229

Conclusion 230

Other Accounting Issues and Developments 231-259

Comprehensive Income 232-234

Stock Compensation 235-239

Disclosure Framework 240-245

Defined Benefit Plan 246-252

Internal-Use Software 253-259

Recent Pronouncements at a Glance 260-262

Recent Auditing and Attestation Pronouncements and Guidance 260

Recent Accounting and Financial Reporting Guidance 261

Recently Issued Technical Questions and Answers 262

Recent AICPA Independence and Ethics Developments 263-272

AICPA Conceptual Frameworks Toolkits 263-264

Definition of a Client 265-272

On the Horizon 273-321

Auditing and Attestation Pipeline -- Nonissuers 275-284

Auditing and Attestation Pipeline -- Issuers 285-292

Accounting and Financial Reporting Pipeline 293-316

Independence and Ethics Pipeline 317-321

Resource Central 322-338

Publications 323

Continuing Professional Education 324-327

Webcasts 328

Member Service Center 329

Hotlines 330-337

Industry Websites 338

Produkt-Details

• Erscheint lt. Verlag: 5.11.2018
• Reihe/Serie: AICPA
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Schlagworte: Accounting • Accounting Special Topics • Rechnungswesen • Spezialthemen Rechnungswesen
• ISBN-10: 1-948306-30-1 / 1948306301
• ISBN-13: 978-1-948306-30-0 / 9781948306300