Gaming Audit & Accounting Guide

Last updated in 2006 the AICPA Audit and Accounting Guide, Casinos has been replaced with the new Gaming Guide. The Guide provides in-depth coverage on accounting and auditing considerations for the Gaming industry, including information for governmental and tribal gaming entities.

Updated as of March 1, 2011, the guide provides “how-to” guidance on planning, performing and reporting on Gaming engagements, as well as information for members in practice in the Gaming industry. It explains the accounting and auditing for many types of Gaming industry issues, including up-to-date information such as the recently issued Accounting Standards Update No. 2010-16, Entertainment—Casino (Topic 924): Casino Base Jackpot Liabilities—a consensus of the FASB Emerging Issues Task, and its effect on the industry.

For the first time, the following information is now included in the Guide:

• Guidance for governmental gaming entities
• Illustrative financial statements and footnotes of a governmental gaming entity
• Illustrative guidance when accounting for guarantees
• Guidance regarding The New Jersey Casino Reinvestment Development Authority
• Guidance for currency transaction reporting in the gaming industry

The Guide also covers:

• New and updated Statements on Auditing Standards
• Governmental and tribal rules and regulations
• New and expanded discussions of specific Casino games and considerations of their accounting and auditing
• Expanded illustrative financial statements
• Expanded illustrative discussion of accounting for guarantees
• Discussion of currency transactions and laws

All content is written and reviewed by subject matter experts and approved by the appropriate AICPA senior technical committee(s).

For a topical listing of subject matter by chapter, click on the Table of Contents tab.