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AICPA issues audit risk alerts on recession.


The American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  Institute of CPAs has issued a series of audit risk alerts designed to raise auditor auditor n. an accountant who conducts an audit to verify the accuracy of the financial records and accounting practices of a business or government. A proper audit will point out deficiencies in accounting and other financial operations.  awareness of the economic downturn's business implications as auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together  plan 1991 yearend audits.

Audit Risk Alert--1991: General Update on Economic, Industry, Regulatory, and Accounting and Auditing Matters identifies current trends relevant to many 1991 year-end year-end also year·end
n.
The end of a year.

adj.
Occurring or done at the end of the year: a year-end audit.

Noun 1.
 audits.

The Institute also issued 15 industry audit risk alerts to provide auditors with an overview of economic, regulatory and professional developments in a wide variety of industries.

Copies of the audit risk alerts are available from the AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
 order department at $5 each, plus shipping and handling. Call (800) 334-6961 [(800) 248-0445 in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 State]. Product numbers follow:
TITLE           PRODUCT NO.
Audit Risk Alert--1991:
  General Update on
  Economic, Industry,
  Regulatory, and
  Accounting and
  Auditing Matters         02287
Industry Audit Risk Alerts:
  Agribusiness             022092
  Airline                  022080
  Banking                  022083
  Casino                   022089
  Construction
    Contractors            022088
  Credit Union             022081
  Federal Government
    Contractors            022082
  Finance Companies        022090
  Health Care              022085
  Investment
    Companies              022096
  Life and Health
    Insurance              022098
  Oil and Gas Producers    022091
  Property and Liability
    Insurance              022094
  Savings Institutions     022084
  Securities               022093
COPYRIGHT 1992 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:American Institute of CPAs
Author:Baliga, Wayne J.
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Feb 1, 1992
Words:181
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