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More About This Title Audit Risk Alert: General Accounting and AuditingDevelopments 2018/19
English
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
English
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.
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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
