John Wiley & Sons Audit Risk Alert Cover This alert provides auditors with an overview of recent economic, industry, technical, regulatory, a.. Product #: 978-1-948306-90-4 Regular price: $52.24 $52.24 Auf Lager

Audit Risk Alert

General Accounting and Auditing Developments 2019/2020




2. Auflage April 2020
96 Seiten, Softcover
Wiley & Sons Ltd

ISBN: 978-1-948306-90-4
John Wiley & Sons

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This alert provides auditors with an overview of recent economic, industry, technical, regulatory, and professional developments that may affect how auditors conduct audits and other engagements. An entity's internal management can also use this alert to address areas of audit concern.

Updates include:
* Economic and Industry Developments
* Legislative and Regulatory Developments
* Audit and Attestation Issues and Developments
* Revenue Recognition
* New Lease Standard
* Accounting for Financial Instruments
* Recent AICPA Independence and Developments

General Accounting and Auditing Developments -- 2019/20 .01-.343

How This Alert Helps You .01-.03

Economic and Industry Developments .04-.12

The Current Economy .04-.05

Key Economic Indicators .06-.11

Executive Review of Top Risks for 2019 .12

Legislative and Regulatory Developments .13-.17

Tax Cuts & Jobs Act .13-.15

Inspections of Broker-Dealers .16-.17

Audit and Attestation Issues and Developments .18-.116

The AICPA Enhancing Audit Quality Areas of Focus .18-.32

Emerging Technologies: What Practitioners Need to Know .33-.58

Auditing Standards Board .59-.79

Accounting and Review Services Committee .80-.89

Select Matters Identified in Peer Reviews .90-.116

Revenue Recognition .117-.153

Overview .117-.119

Effective or Applicability Date .120-.121

Overview of the New Guidance .122-.124

Understanding the Five-Step Process .125-.136

Additional Guidance Under the Standard .137-.138

Latest Developments .139-.152

Conclusion .153

Reporting Under the New Leases Standard .154-.200

Issuance and Objective .154-.155

Applicability and Effective Dates .156-.157

Main Provisions .158-.170

Lessee .171-.178

Lessor .179-.182

Sale and Leaseback Transactions .183-.184

Leveraged Lease Arrangements .185

Subsequent Developments .186-.200

Accounting for Financial Instruments .201-.250

Overview .201-.202

Applicability and Effective Date .203-.206

Latest Developments .207-.212

Impairment .213-.236

Hedge Accounting .237-.250

Other Accounting Issues and Developments .251-.256

ASU No. 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities .252-.254

ASU No. 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606 .255-.256

Recent AICPA Independence and Ethics Developments .257-.267

AICPA Professional Ethics Division: Information System Services .257-.260

AICPA Professional Ethics Division: State and Local Government Client Affiliates .261-.264

Independence Interpretation on Hosting Services .265-.267

Recent Pronouncements at a Glance .268-.270

Recent Auditing and Attestation Pronouncements and Guidance .268

Recent Accounting and Financial Reporting Guidance .269

Recently Issued Technical Questions and Answers .270

On the Horizon .271-.326

Auditing and Attestation Pipeline -- Nonissuers .273-.299

Auditing and Attestation Pipeline -- Issuers .300-.301

Accounting and Financial Reporting Pipeline .302-.325

Independence and Ethics Pipeline .326

Resource Central .327-.343

Publications .328

Continuing Professional Education .329-.332

Webcasts .333

Member Service Center .334

Hotlines .335-.342

Industry Websites .343
The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.