AICPA Professional Standards

AICPA Professional Standards provides a comprehensive source of standards applicable to non-public entities and contains pronouncements issued by the AICPA. The online version of Professional Standards, is the first place you can receive the codification of the recently issued Statements on Auditing Standards (SASs) Nos. 122-124, which represent the largest milestone in the Auditing Standards Board’s (ASB) Clarity project.

While, the individual SASs are available in paperback, the online codified resource is what you need to update your firm audit methodology and begin understanding how Clarity changes certain ways you perform your audits. Until the spring of 2012, when a paperback version of the SAS codification is available, the online version will be the only offering containing the codified clarity SASs.

In addition to the clarity SASs, Professional Standards includes:

• Statements on Auditing Standards (SASs) and Related Interpretations
• Statements on Standards for Attestation Engagements (SSAEs) and Related Interpretations
• Statements on Standards for Accounting and Review Services (SSARSs) and Related Interpretations
• AICPA Code of Professional Conduct
• AICPA Bylaws
• Statement on Standards for Consulting Services
• Statements on Quality Control Standards (SQCSs)
• Statements on Standards for Valuation Services
• Standards for Performing and Reporting on Peer Reviews and Related Interpretations
• Statements on Standards for Tax Services and Related Interpretations
• Statements on Responsibilities in Personal Financial Planning Practice
• Statements on Standards for Continuing Professional Education Programs and Related Policies and Forms

Professional Standards paper back and loose leaf provides the following new standards:

• SAS No. 121—Revised Applicability of Statement on Auditing Standards No. 100, Interim Financial Information
• SSAE No. 17—Reporting on Compiled Prospective Financial Statements When the Practitioner’s Independence Is Impaired
• SSARS No. 20—Revised Applicability of Statements on Standards for Accounting and Review Services
• SQCS No. 8—A Firm’s System of Quality Control (Redrafted)

In addition to the above new standards, the online version of Professional Standards also includes:

• SAS 122—Statements on Auditing Standards: Clarification and Recodification
• SAS 123—Omnibus Statement on Auditing Standards, 2011
• SAS 124—Financial Statements Prepared in Accordance With a Financial Reporting Framework Generally Accepted in Another Country

Your subscription includes numerous amendments and confirming changes resulting from recently issued guidance. Be certain you have the latest guidance. Order Today!