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

1. Auflage 2018
ISBN: 978-1-948306-29-4
Verlag: John Wiley & Sons Inc

Buch, Englisch, 96 Seiten, Format (B × H): 218 mm x 141 mm, Gewicht: 132 g

Reihe: AICPA

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

Autoren/Hrsg.

AICPA

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Controlling, Wirtschaftsprüfung, Revision

Inhaltsverzeichnis

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

Über Autor(innen)

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.