Audit and Accounting Guide Depository and Lending Institutions
Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies
AICPA Audit and Accounting Guide
2. Edition December 2017
864 Pages, Softcover
Wiley & Sons Ltd
The 2017 edition of this industry standard resource offers clear and practical guidance of audit and accounting issues such as transfers and servicing, troubled debt restructurings, financing receivables and the allowance for loan losses, and fair value accounting. It also provides direction for institutions assessing their operations and internal controls for regulatory considerations as well as discussions on existing regulatory reporting matters. Updates include:
* SAS No. 132, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
* SSAE No. 18, Attestation Standards: Clarification and Recodification
* Note: FASB ASU No. 2016-13 will have a significant impact on the guide; however, incorporation of guidance will not occur until the 2018 or 2019 edition of the guide.
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.