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AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
 Professional Standards (No. 005102CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. 10) contains all of the outstanding pronouncements on professional standards issued by the AICPA, the International Federation of Accountants The external links in this article or section may require cleanup to comply with Wikipedia's content policies. , and the International Accounting Standards Board An editor has expressed concern that this article or section is .
Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and
. Many sections of this two-volume Professional Standards have been indexed for effortless data retrieval. Price: $119 member, $148.75 non-member.

AICPA Technical Practice Aids (No. 005142CPA10) contains all outstanding AICPA statements of position, practice bulletins and Practice Alerts issued through June 1, 2002. In addition, this useful reference presents a nonauthoritative section that offers carefully thought-out responses to selected inquiries received by the AICPA Technical Hotline and AICPA Technical and Industry Committees. Price: $88 member, $110 non-member.

Single Audits--2002 (No. 022443CPA10). This new addition to the AICPA's Audit Risk Alert product line is a must for auditors who perform U.S. Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch.  Circular A-133 audits (also known as "Single Audits"). Among other things, it includes an overview of the single audit process, an update on key legislative and regulatory developments, a summary of the feedback received from the AICPA peer review process and quality control reviews performed by various federal agencies, and an update on applicable standards and guidance. Price: $16 member, $20 non-member.

FASB FASB

See: Financial Accounting Standards Board


FASB

See Financial Accounting Standards Board (FASB).
 Accounting Standards--Original Pronouncements, published by the Financial Accounting Standards Board Financial Accounting Standards Board (FASB)

Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP).
 (No. 005122CPA10). This three-volume set contains the original text of accounting standards pronouncements with superseded sections and amendments clearly noted. It has been updated for all pronouncements issued through June 1, 2002, including FAS 145, Rescission The abrogation of a contract, effective from its inception, thereby restoring the parties to the positions they would have occupied if no contract had ever been formed. By Agreement  of FASB Statements FASB Statement

A standard set by the Financial Accounting Standards Board regarding a financial accounting and reporting method. Essentially, FASB statements determine the acceptable accounting practices that Certified Public Accountants use in reporting
 No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections technical correction

A temporary downturn in the price of a stock or in the market itself following a period of extensive price increases. A technical correction takes place in a generally increasing market when there is no particular reason that the
, and FTB FTB Franchise Tax Board (California; they collect income and sales tax)
FTB Family Tax Benefit (Australian welfare assistance)
FTB First Time Buyer (housing) 
 01-1, Effective Date for Certain Financial Institutions of Certain Provisions of Statement 140 Related to the Isolation of Transferred Assets. A comprehensive topical index is included in the material contained in the Original Pronouncements, as well as in the Current Text. The EITF EITF Emerging Issues Task Force
EITF Edinburgh International Television Festival
EITF Europe International Taekwon-Do Federation
 Abstracts (a summary of proceedings of the FASB Emerging Issues Task Force) and other supplemental guidance from FASB are in the form of question-and-answer Special Reports. Price: $122 (available only to AICPA members).

FASB Accounting Standards--Current Text, published by the Financial Accounting Standards Board (No. 005112CPA10). This two-volume set is expertly prepared and updated, and includes current accounting standards through FAS 145, Rescission of FASB Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and Technical Corrections, and FTB 01-1, Effective Date for Certain Financial Institutions of Certain Provisions of Statement 140 Related to the Isolation of Transferred Assets. Arranged by subject and fully indexed for easy reference, the information is organized within two logical classifications: General Standards, generally applicable to all enterprises, and Industry Standards, applicable to enterprises operating in specific industries. The 2002 edition also includes a new appendix, Appendix H, "Excerpts from Concepts Statement 7." Price: $114 member (available only to AICPA members).

Special Combo Package--AICPA Professional Standards and FASB Accounting Standards--Current Text, No. 005152CPA10. Price: $182 (available only to AICPA members).

Special Offer--Save $144. Buy all five AICPA and FASB professional literature titles--a $531 value. No. 005162CPA10. Price: $387 (available only to AICPA members).

Audits of State and Local Governments (GASB GASB Governmental Accounting Standards Board  34 Edition)--Audit and Accounting Guide (No. 012662CPA10). If you have state or local government clients, they either are or soon will be affected by GASB Statement No. 34, Basic Financial Statements--and Management's Discussion and Analysis--for State and Local Governments, as amended--standards that could significantly change the way they report their financial information. The GASB 34 edition of the guide will help you to audit those financial statements. This new Audit Guide not only addresses the GASB standards for financial reporting, the financial reporting entity, various accounts in the financial position and activity statements, and budgetary reporting, but also provides guidance on planning, performing, evaluating the results of, and reporting on your audit, including new illustrative il·lus·tra·tive  
adj.
Acting or serving as an illustration.



il·lustra·tive·ly adv.

Adj. 1.
 auditors' reports on those financial statements, based on "opinion units." The guide applies to all governmental entities, including those that have been or are covered by other AICPA Audit and Accounting Guides.

The guide is effective for audits of state and local governmental financial statements for the first fiscal period ending after June 15, 2003, in which the government does apply, or is required to apply, the GASB's new financial reporting standards, with earlier application encouraged. Additional information about GASB 34 can be found in The CPA Letter's public accounting and government member-segment supplements published this month (see page 2 for access instructions). Price: $42.40 member, $53 non-member.

Service Organizations: Applying SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System.  No. 70, as Amended--AICPA Audit Guide (No. 012772CPA10). Service organizations provide services ranging from performing a specific task under the direction of a company to replacing entire business units or functions of that company. Many companies use service organizations to accomplish tasks that affect the company's financial statements. In recent years, there has been a significant increase in the use of service organizations. Because many of the service organizations' functions affect a company's financial statement, auditors auditing the company's financial statements may need information about those services, the related service organization's controls, and their effects on the company's financial statements. This Audit Guide is designed to provide guidance to auditors reporting on a service organization's controls. It also provides guidance to auditors of companies that use service organizations. Price: $42.40 member, $53 non-member.
COPYRIGHT 2002 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:CPA Letter
Date:Oct 1, 2002
Words:877
Previous Article:AICPA CPE Seminars. (CPE news).
Next Article:New fraud audit standard will help auditors uncover fraud; cornerstone of comprehensive anti-fraud program.



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