1# Library to Find Best eBook for Read
Author :
Release : 2012
Genre :
Kind : eBook
Book Rating : 239/5 ( reviews)
Book Synopsis CODIFICATION OF STATEMENTS ON AUDITING STANDARDS (INCLUDING STATEMENTS ON STANDARDS FOR ATTESTATION. by :
Download or read book CODIFICATION OF STATEMENTS ON AUDITING STANDARDS (INCLUDING STATEMENTS ON STANDARDS FOR ATTESTATION. written by . This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt:
Author : AICPA
Release : 2017-05-15
Genre : Business & Economics
Kind : eBook
Book Rating : 351/5 ( reviews)
Book Synopsis Statement on Auditing Standards, Number 126 by : AICPA
Download or read book Statement on Auditing Standards, Number 126 written by AICPA. This book was released on 2017-05-15. Available in PDF, EPUB and Kindle. Book excerpt: As a result of its Clarity Project, the Auditing Standards Board (ASB) has issued Statement on Auditing Standards (SAS) No. 126, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern (Redrafted), to supersede SAS No. 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern, as amended (AICPA, Professional Standards, AU sec. 341 and AU-C sec. 570). SAS No. 126 does not change or expand SAS No. 59, as amended, in any significant respect. The ASB has moved forward with the clarity redraft of SAS No. 59, as amended, so that it is consistent with the format of the other clarified SASs that were recently issued as SASs No. 122, Statements on Auditing Standards: Clarification and Recodification, No. 124, Financial Statements Prepared in Accordance With a Financial Reporting Framework Generally Accepted in Another Country, and No. 125,Alert That Restricts the Use of the Auditor’s Written Communication. However, the ASB decided to delay convergence with International Standard on Auditing 570, Going Concern, pending the Financial Accounting Standards Board’s (FASB) anticipated development of accounting guidance addressing going concern. FASB issued an exposure draft, Going Concern, in October 2008, but based on recent decisions, FASB has divided the project into two separate and distinct phases. As a result, FASB projects to issue an exposure draft that addresses Phase 1, “The Liquidation Basis of Accounting,” in the second quarter of 2012, and to reissue an exposure draft that addresses Phase II, “Going Concern,” in the fourth quarter of 2012. SAS No. 126 addresses the auditor’s responsibilities in an audit of financial statements with respect to evaluating whether there is substantial doubt about the entity's ability to continue as a going concern. This SAS applies to all audits of financial statements regardless of whether the financial statements are prepared in accordance with a general purpose or a special purpose framework1. This SAS does not apply to an audit of financial statements based on the assumption of liquidation (for example, when [a] an entity is in the process of liquidation, [b] the owners have decided to commence dissolution or liquidation, or [c] legal proceedings, including bankruptcy, have reached a point at which dissolution or liquidation is probable).2
Author :
Release : 2012
Genre : Accounting
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Codification of Statements on Auditing Standards (clarified) by :
Download or read book Codification of Statements on Auditing Standards (clarified) written by . This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt:
Author : American Institute of Certified Public Accountants
Release : 1974
Genre : Accounting
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis AICPA Professional Standards: Accounting by : American Institute of Certified Public Accountants
Download or read book AICPA Professional Standards: Accounting written by American Institute of Certified Public Accountants. This book was released on 1974. Available in PDF, EPUB and Kindle. Book excerpt:
Author : AICPA
Release : 2019-07-30
Genre : Business & Economics
Kind : eBook
Book Rating : 581/5 ( reviews)
Book Synopsis Codification of Statements on Auditing Standards 2019 by : AICPA
Download or read book Codification of Statements on Auditing Standards 2019 written by AICPA. This book was released on 2019-07-30. Available in PDF, EPUB and Kindle. Book excerpt: This 2019 edition delivers the current Statements on Auditing Standards (SASs) and related interpretations in a codified format, giving accountants the most up-to-date information, they need to conduct successful audits and provide high-quality services to their clients. Issued directly from the AICPA, this authoritative guidance is essential to fully understand the requirements associated with an audit. This edition includes the following new standards: SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements SAS No. 135, Omnibus Statement on Auditing Standards—2019 SAS No. 134 is a suite of auditor reporting standards that includes a new AU-C section 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and replaces AU-C sections 700, 705, and 706. SAS No. 134, which also amends various other AU-C sections, addresses the auditor’s responsibility to form an opinion on the financial statements and the form and content of the auditor’s report issued because of an audit of financial statements. It also addresses the auditor’s responsibilities, and the form and content of the auditor’s report, when the auditor concludes that a modification to the auditor’s opinion on the financial statements is necessary, and when additional communications are necessary in the auditor’s report. SAS No. 135 is intended to more closely align ASB guidance with the PCAOB's standards by primarily amending AU-C section 260, Communications With Those Charged With Governance, AU-C section 550, Related Parties, and AU-C section 240, Consideration of Fraud in a Financial Statement Audit. This codification is fully indexed and arranged by subject. The codified standards and related interpretations are vital to practitioners performing audits.
