AICPA Technical Questions and Answers, 2018: (AICPA Audit and Accounting Guide)

Find the answers to the questions accountants and their clients are asking in AICPA Technical Questions and Answers. This publication compiles popular Q&As from the AICPA's Technical Hotline. This resource includes non-authoritative literature on the following subjects: Financial Statement Presentation Auditors' Reports Required Supplementary Information Preparation, Compilation, and Review Engagements Liabilities and Deferred Credits Capital Revenue and Expense Specialized Industry Problems Specialized Organizational Problems Audit Fieldwork Attestation Engagements Updates to this annual publication include: New Q&As for investment companies’ long-term investments (section 69102220), and internal control multiemployer plans (section 82006935), definition of a public business entity (section 7100), partnerships (section 7200), and auditors' reports - other reporting issues (section 9160) have been added!

Table of Contents:
1000 Financial Statement Presentation 3 1100 Statement of Financial Position 1200 Income Statement 1300 Statement of Cash Flows 1400 Consolidated Financial Statements 1500 Financial Statements Prepared in Accordance With a Special Purpose Framework 1600 Personal Financial Statements 1700 Prospective Financial Statements 1800 Notes to Financial Statements 1900 Interim Financial Information 2000 Assets 45 2110 Cash 2120 Temporary Investments 2130 Receivables 2140 Inventories 2210 Fixed Assets 2220 Long-Term Investments 2230 Noncurrent Receivables 2240 Cash Surrender Value of Life Insurance 2250 Intangible Assets 2260 Other Assets 3000 Liabilities and Deferred Credits 113 3100 Current Liabilities 3200 Long-Term Debt 3400 Contingent Liabilities 3500 Commitments 3600 Deferred Credits 3700 Pension Obligations 4000 Capital 135 4110 Issuance of Capital Stock 4120 Reacquisition of Capital Stock 4130 Warrants 4150 Stock Dividends and Stock Splits 4160 Contributed Capital 4200 Retained Earnings 4210 Dividends 4230 Capital Transactions 5000 Revenue and Expense 153 5100 Revenue Recognition 5210 Depreciation and Depletion 5220 Interest Expense 5230 Employee Benefit Plans 5240 Cost Allocation 5250 Tax Allocation 5260 Estimated Losses 5290 Other Expenses 5400 [Deleted] 5500 Earnings per Share 5600 Leases 5700 Contributions Made 6000 Specialized Industry Problems 201 6130 Finance Companies 6140 Not-For-Profit Entities 6300 Insurance Companies 6400 Health Care Entities 6500 Extractive Industries 6600 Real Estate 6700 Construction Contractors 6910 Investment Companies 6930 Employee Benefit Plans 6931 Financial Statement Reporting and Disclosure—Employee Benefit Plans 6932 ERISA Reporting and Disclosures 6933 Auditing Employee Benefit Plans 6934 Limited-Scope Audits—Employee Benefit Plans 6935 Multiemployer Plans 6936 Auditing Defined Contribution Plans 6937 Auditing Defined Benefit Plans 6938 Auditing Health and Welfare Plans 6939 Auditor’s Reports—Employee Benefit Plans 6940 Franchisors 6950 State and Local Governments 6960 Colleges and Universities 6970 Entertainment Industry 6980 Brokers and Dealers 6985 U.S. Department of Housing and Urban Development (HUD) Programs 6000 Specialized Industry Problems—continued 6990 Common Interest Realty Associations 6995 Credit Unions 7000 Specialized Organizational Problems 439 7100 Definition of a Public Business Entity 7200 Partnerships 7400 Related Parties 7500 Estates and Trusts 7600 Business Combinations—General 7610 Purchase Method 7620 Applicability of Pooling of Interests Method 7630 Application of Pooling of Interests Method 8000 Audit Field Work 477 8100 Generally Accepted Auditing Standards 8200 Internal Control 8220 Sampling 8310 Audit Evidence: Securities 8320 Audit Evidence: Inventories 8330 Audit Evidence: Fixed Assets 8340 Audit Evidence: Confirmation Procedures 8345 Audit Evidence: Destruction of Documents 8350 Audit Evidence: Audit Documentation 8700 Subsequent Events 8800 Audits of Group Financial Statements and Work of Others 8900 Predecessor Auditors 9000 Auditors' Reports 547 9030 Accounting Changes 9060 Uncertainties 9070 Subsequent Events 9080 Audited Financial Statements 9100 Signing and Dating Reports 9110 Special Reports 9120 Reliance on Others 9130 Limited Scope Engagements 9150 Preparation, Compilation and Review Engagements 9160 Other Reporting Issues 9170 Supplementary Information 9180 Required Supplementary Information 9500 Attestation Engagements 619 9510 Attestation Reports 9520 Statement on Standards for Attestation Engagements No. 16, Reporting on Controls at a Service Organization 9530 Service Organization Controls Reports 9540 Attest Engagement: American Land Title Association Best Practices Framework Q&A Topical Index 661

About the Author :
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.