AICPA Professional Standards

• Volume 1
  • How to Use Volume 1
  • Applicability of AICPA Professional Standards and PCAOB Standards
  • Cross-References to SASs
  • U.S. AUDITING—AICPA
    • AU 100 Statements on Auditing Standards—Introduction
      • 110—Responsibilities and Functions of the Independent Auditor
      • 120—Defining Professional Requirements in Statements on Auditing Standards
      • 150—Generally Accepted Auditing Standards
      • 161—The Relationship of Generally Accepted Auditing Standards to Quality Control Standards
    • AU 200 The General Standards
      • 201—Nature of the General Standards
      • 210—Training and Proficiency of the Independent Auditor
      • 220—Independence
      • 230—Due Professional Care in the Performance of Work
    • AU 300 The Standards of Field Work
      • 311—Planning and Supervision
      • 9311—Planning and Supervision: Auditing Interpretations of Section 311
      • 312—Audit Risk and Materiality in Conducting an Audit
      • 9312—Audit Risk and Materiality in Conducting an Audit: Auditing Interpretations of Section 312
      • 314—Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
      • 315—Communications Between Predecessor and Successor Auditors
      • 316—Consideration of Fraud in a Financial Statement Audit
      • 317—Illegal Acts by Clients
      • 9317—Illegal Acts by Clients: Auditing Interpretations of Section 317
      • 318—Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
      • 322—The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements
      • 324—Service Organizations
      • 9324—Service Organizations: Auditing Interpretations of Section 324
      • 325—Communicating Internal Control Related Matters Identified in an Audit
      • 9325—Communicating Internal Control Related Matters Identified in an Audit: Auditing Interpretations of Section 325
      • 325A—Communicating Internal Control Related Matters Identified in an Audit 9325A—Communicating Internal Control Related Matters Identified in an Audit: Auditing Interpretations of Section 325A
      • 326—Audit Evidence
      • 9326—Audit Evidence: Auditing Interpretations of Section 326
      • 328—Auditing Fair Value Measurements and Disclosures
      • 9328—Auditing Fair Value Measurements and Disclosures: Auditing Interpretations of Section 328
      • 329—Analytical Procedures
      • 9329—Analytical Procedures: Auditing Interpretations of Section 329
      • 330—The Confirmation Process
      • 9330—The Confirmation Process: Auditing Interpretations of Section 330
      • 331—Inventories
      • 9331—Inventories: Auditing Interpretations of Section 331
      • 332—Auditing Derivative Instruments, Hedging Activities, and Investments in Securities
      • 9332—Auditing Derivative Instruments, Hedging Activities, and Investments in Securities: Auditing Interpretations of Section 332
      • 333—Management Representations
      • 9333—Management Representations: Auditing Interpretations of Section 333
      • 334—Related Parties
      • 9334—Related Parties: Auditing Interpretations of Section 334
      • 336—Using the Work of a Specialist
      • 9336—Using the Work of a Specialist: Auditing Interpretations of Section 336
      • 337—Inquiry of a Client's Lawyer Concerning Litigation, Claims, and Assessments
      • 337A—Appendix—Illustrative Audit Inquiry Letter to Legal Counsel
      • 337B—Exhibit I—Excerpts From Financial Accounting Standards Board Accounting Standards Codification 450, Contingencies
      • 337C—Exhibit II—American Bar Association Statement of Policy Regarding Lawyers' Responses to Auditors' Requests for Information
      • 9337—Inquiry of a Client's Lawyer Concerning Litigation, Claims, and Assessments: Auditing Interpretations of Section 337
      • 339—Audit Documentation
      • 9339—Audit Documentation: Auditing Interpretations of Section 339
      • 341—The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
      • 9341—The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern: Auditing Interpretations of Section 341
      • 342—Auditing Accounting Estimates
      • 9342—Auditing Accounting Estimates: Auditing Interpretations of Section 342
      • 350—Audit Sampling
      • 9350—Audit Sampling: Auditing Interpretations of Section 350
      • 380—The Auditor's Communication With Those Charged With Governance
      • 390—Consideration of Omitted Procedures After the Report Date
    • AU 400 The First, Second, and Third Standards of Reporting
      • 410—Adherence to Generally Accepted Accounting Principles
      • 9410—Adherence to Generally Accepted Accounting Principles: Auditing Interpretations of Section 410
      • 411—The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles
      • 9411—The Meaning of Present Fairly in Conformity With Generally Accepted Accounting Principles: Auditing Interpretations of Section 411
      • 420—Consistency of Application of Generally Accepted Accounting Principles
      • 9420—Consistency of Application of Generally Accepted Accounting Principles: Auditing Interpretations of Section 420
      • 431—Adequacy of Disclosure in Financial Statements
    • AU 500 The Fourth Standard of Reporting
      • 504—Association With Financial Statements
      • 9504—Association With Financial Statements: Auditing Interpretations of Section 504
      • 508—Reports on Audited Financial Statements
      • 9508—Reports on Audited Financial Statements: Auditing Interpretations of Section 508
      • 530—Dating of the Independent Auditor's Report
      • 532—Restricting the Use of an Auditor's Report
      • 534—Reporting on Financial Statements Prepared for Use in Other Countries
      • 9534—Reporting on Financial Statements Prepared for Use in Other Countries: Auditing Interpretations of Section 534
      • 543—Part of Audit Performed by Other Independent Auditors
      • 9543—Part of Audit Performed by Other Independent Auditors: Auditing Interpretations of Section 543
      • 544—Lack of Conformity With Generally Accepted Accounting Principles
      • 9544—Lack of Conformity With Generally Accepted Accounting Principles: Auditing Interpretations of Section 544
      • 550—Other Information in Documents Containing Audited Financial Statements
      • 9550—Other Information in Documents Containing Audited Financial Statements: Auditing Interpretations of Section 550
      • 551—Reporting on Information Accompanying the Basic Financial Statements in Auditor-Submitted Documents
      • 552—Reporting on Condensed Financial Statements and Selected Financial Data
      • 558—Required Supplementary Information
      • 9558—Required Supplementary Information: Auditing Interpretations of Section 558
      • 560—Subsequent Events Section Page
      • 9560—Subsequent Events: Auditing Interpretations of Section 560
      • 561—Subsequent Discovery of Facts Existing at the Date of the Auditor's Report
      • 9561—Subsequent Discovery of Facts Existing of the Date of the Auditor's Report: Auditing Interpretations of Section 561
    • AU 600 Other Types of Reports
      • 622—Engagements to Apply Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement [Withdrawn by SAS No. 93; see AT section 201]
      • 9622—Engagements to Apply Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement: Auditing Interpretations of Section 622 [Withdrawn by SAS No. 93; see AT section 201]
      • 623—Special Reports
      • 9623—Special Reports: Auditing Interpretations of Section 623
      • 625—Reports on the Application of Accounting Principles
      • 9625—Reports on the Application of Accounting Principles: Auditing Interpretations of Section 625
      • 634—Letters for Underwriters and Certain Other Requesting Parties
      • 9634—Letters for Underwriters and Certain Other Requesting Parties: Auditing Interpretations of Section 634
      • 9642—Reporting on Internal Accounting Control: Auditing Interpretations of SAS No. 30
    • AU 700 Special Topics
      • 711—Filings Under Federal Securities Statutes
      • 9711—Filings Under Federal Securities Statutes: Auditing Interpretations of Section 711
      • 722—Interim Financial Information
      • 722A—Interim Financial Information
    • AU 800 Compliance Auditing
      • 801—Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of Governmental Financial Assistance
    • AU 900 Special Reports of the Committee on Auditing Procedure
      • 901—Public Warehouses—Controls and Auditing Procedures for Goods Held
    • AU Risk Assessment Standards: SAS No. 104–SAS No. 111
    • AU Appendixes
    • AU Topical Index
    • AU Clarity Project
  • ATTESTATION ENGAGEMENTS
    • AT Attestation Engagements—Contents
    • AT Attestation Standards—Introduction
    • AT Statements on Standards for Attestation Engagements
      • 20—Defining Professional Requirements in Statements on Standards for Attestation Engagements
      • 50—SSAE Hierarchy
      • 101—Attest Engagements
      • 9101—Attest Engagements: Attest Engagements Interpretations of Section 101
      • 201—Agreed-Upon Procedures Engagements
      • 301—Financial Forecasts and Projections
      • 401—Reporting on Pro Forma Financial Information
      • 501—An Examination of an Entity's Internal Control Over Financial Reporting That Is Integrated With an Audit of Its Financial Statements
      • 601—Compliance Attestation
      • 701—Management's Discussion and Analysis
    • AT Topical Index
• VOLUME 2
  • How to Use Volume 2
  • ACCOUNTING AND REVIEW SERVICES
    • AR Statements on Standards for Accounting and Review
      • Services
      • 20—Defining Professional Requirements in Statements on Standards for Accounting and Review Services
      • 50—Standards for Accounting and Review Services
      • 100—Compilation and Review of Financial Statements
      • 9100—Compilation and Review of Financial Statements: Accounting and Review Services Interpretations of Section 100
      • 110—Compilation of Specified Elements, Accounts, or Items of a Financial Statement
      • 120—Compilation of Pro Forma Financial Information
      • 200—Reporting on Comparative Financial Statements
      • 9200—Reporting on Comparative Financial Statements: Accounting and Review Services Interpretations of Section 200
      • 300—Compilation Reports on Financial Statements Included in Certain Prescribed Forms
      • 9300—Compilation Reports on Financial Statements Included in Certain Prescribed Forms: Accounting and Review Services Interpretations of Section 300
      • 400—Communications Between Predecessor and Successor Accountants
      • 9400—Communications Between Predecessor and Successor Accountants: Accounting and Review Services Interpretations of Section 400
      • 500—Reporting on Compiled Financial Statements [Deleted by the issuance of Statement on Standards for Accounting and Review Services 7, November 1992.]
      • 600—Reporting on Personal Financial Statements Included in Written Personal Financial Plans
      • 9600—Reporting on Personal Financial Statements Included in Written Personal Financial Plans: Accounting and Review Services Interpretation of Section 600
    • AR Exhibits
    • AR Appendixes
    • AR Topical Index
  • CODE OF PROFESSIONAL CONDUCT
    • ET Code of Professional Conduct—Introduction
    • ET 50 Principles of Professional Conduct
      • 51—Preamble
      • 52—Article I—Responsibilities
      • 53—Article II—The Public Interest
      • 54—Article III—Integrity
      • 55—Article IV—Objectivity and Independence
      • 56—Article V—Due Care
      • 57—Article VI—Scope and Nature of Services
    • ET 90 Rules: Applicability and Definitions
      • 91—Applicability
      • 92—Definitions
    • ET 100 Independence, Integrity, and Objectivity
      • 100.01—Conceptual Framework for AICPA Independence Standards
      • 101—Independence
        • Rule 101—Independence
        • Interpretations under Rule 101—Independence
      • 102—Integrity and Objectivity
        • Rule 102—Integrity and objectivity
        • Interpretations under Rule 102—Integrity and Objectivity
      • 191—Ethics Rulings on Independence, Integrity, and Objectivity
    • ET 200 General Standards—Accounting Principles
      • 201—General Standards
        • Rule 201—General standards
        • Interpretations under Rule 201—General Standards
      • 202—Compliance With standards
        • Rule 202—Compliance with standards
        • Interpretation under Rule 202— Compliance With Standards
      • 203—Accounting Principles
        • Rule 203—Accounting principles
        • Interpretations under Rule 203— Accounting Principles
      • 291—Ethics Rulings on General and Technical Standards
    • ET 300 Responsibilities to Clients
      • 301—Confidential Client Information
        • Rule 301—Confidential client information
        • Interpretations under Rule 301— Confidential Client Information
      • 302—Contingent Fees
        • Rule 302—Contingent fees
        • Interpretation under Rule 302—Contingent Fees
      • 391—Ethics Rulings on Responsibilities to Clients
    • ET 400 Responsibilities to Colleagues
    • ET 500 Other Responsibilities and Practices
      • 501—Acts Discreditable
        • Rule 501—Acts discreditable
        • Interpretations under Rule 501—Acts Discreditable
      • 502—Advertising and Other Forms of Solicitation
        • Rule 502—Advertising and other forms of solicitation
        • Interpretations under Rule 502—Advertising and Other Forms of Solicitation
      • 503—Commissions and Referral Fees
        • Rule 503—Commissions and referral fees
        • Interpretation under Rule 503—Commissions and Referral Fees
      • 504—[Deleted]
      • 505—Form of Organization and Name
        • Rule 505—Form of organization and name
        • Interpretations under Rule 505—Form of Organization and Name
      • 591—Ethics Rulings on Other Responsibilities and Practices
    • ET Appendixes
    • ET Rules Compliance Guide.
    • ET Topical Index
  • BYLAWS
    • BL Definitions
    • BL 100 Name and Purpose
      • 101—Name and Purpose
    • BL 200 Admission to, and Retention of, Membership and Association
      • 210—Members
      • 220—Requirements for Admission to Membership
      • 220R—Implementing Resolution Under Section 2.2
        • Requirements for Admission to Membership
      • 230—Requirements for Retention of Membership
      • 230R—Implementing Resolutions Under Section 2.3
        • Requirements for Retention of Membership
      • 240—Certificate of Membership
      • 250—Right of Members to Describe Themselves as Such
      • 260—International Associates
      • 260R—Implementing Resolution Under Section 2.6
        • International Associates
    • BL 300 Organization and Procedure
      • 310—General
      • 320—Membership
      • 320R—Implementing Resolution Under Section 3.2 Membership
      • 330—Council
      • 340—Board of Directors
      • 340R—Implementing Resolution Under Section 3.4 Board of Directors
      • 350—Officers Elected by Council
      • 350R—Implementing Resolution Under Section 3.5 Officers Elected by Council
      • 360—Committees
      • 360R—Implementing Resolutions Under Section 3.6 Committees
    • BL 400 Financial Management and Controls
      • 401—Financial Management and Controls
      • 401R—Implementing Resolution Under Article 4 Financial Management and Controls
      • 410—Audit
      • 420—Committee on Audit
      • 430—Execution of Instruments on Behalf of the Institute
      • 440—Indemnification
      • 450—Dues
      • 460—Fiscal Year
      • 460R—Implementing Resolution Under Section 4.6 Fiscal Year
    • BL 500 Meetings of the Institute and the Council
      • 501—Meetings of the Institute and the Council
      • 510—Meetings of the Institute
      • 520—Meetings of Council
      • 530—General Provisions Governing Meetings
    • BL 600 Election of Council, Board of Directors, and Officers of the Institute
      • 601—Election of Council, Board of Directors, and Officers of the Institute
      • 610—Members of Council Directly Elected by Members of the Institute
      • 610R—Implementing Resolution Under Section 6.1 Members of Council Directly Elected by Members of the Institute
      • 620—Selection of Members of Council to Represent State Societies
      • 630—Election of Members-at-Large of Council, Board of Directors, Chairman of the Board, and Vice Chairman of the Board
      • 640—Forfeiture of Office for Nonattendance
      • 650—Vacancies
      • 650R—Implementing Resolution Under Section 6.5 Vacancies
      • 660—Election Meeting of Council
      • 670—Term Limit
    • BL 700 Termination of Membership and Disciplinary Sanctions
      • 701—Termination of Membership and Disciplinary Sanctions
      • 710—Resignation of Membership
      • 710R—Implementing Resolution Under Section 7.1 Resignation of Membership
      • 720—Termination of Membership for Nonpayment of Financial Obligation or for Failure to Comply With Membership-Retention Requirements
      • 720R—Implementing Resolution Under Section 7.2 Termination of Membership for Nonpayment of Financial Obligation or for Failure to Comply With Membership-Retention Requirements
      • 730—Disciplinary Action Without a Hearing
      • 730R—Implementing Resolution Under Section 7.3 Disciplinary Action Without a Hearing
      • 740—Disciplining of Member by Trial Board
      • 740R—Implementing Resolution Under Section 7.4 Disciplining of Member by Trial Board
      • 750—Reinstatement
      • 750R—Implementing Resolution Under Section 7.5 Reinstatement
      • 760—Publication of Disciplinary Action
      • 760R—Implementing Resolution Under Section 7.6 Publication of Disciplinary Action
      • 770—Disciplinary Sections Not to Be Applied Retroactively
    • BL 800 Amendments
      • 801—Amendments
      • 810—Proposals to Amend the Bylaws
      • 820—Proposals to Amend the Code of Professional Conduct
      • 830—Submission to Council via Board of Directors
      • 840—Submission to Membership by Mail Ballot
    • BL 900 General
      • 911—AICPA Mission Statement
      • 921—A Description of the Professional Practice of Certified Public Accountants
    • BL Topical Index
  • U.S. AUDITING—PCAOB PC
    • PC Public Company Accounting Oversight Board Standards and Audits of Public Companies
  • VALUATION SERVICES VS
    • VS Statements on Standards for Valuation Services
      • 100—Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset
      • 9100—Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset: Valuation Services Interpretations of Section 100
  • CONSULTING SERVICES CS
    • CS Statement on Standards for Consulting Services.
      • 100—Consulting Services: Definition and Standards
    • CS Topical Index
  • QUALITY CONTROL QC
    • QC Quality Control
      • 10—A Firm's System of Quality Control
  • PEER REVIEW
    • PR Standards for Performing and Reporting on Peer Reviews
      • 100—Standards for Performing and Reporting on Peer Reviews
      • 9100—Standards for Performing and Reporting on Peer Reviews: Interpretations of Section 100
  • TAX SERVICES
    • TS Tax Services
      • 100—Tax Return Positions
      • 9100—Tax Return Positions: Tax Services Interpretations of Section 100
      • 200—Answers to Questions on Returns
      • 300—Certain Procedural Aspects of Preparing Returns
      • 400—Use of Estimates
      • 500—Departure From a Position Previously Concluded in an Administrative Proceeding or Court Decision
      • 600—Knowledge of Error: Return Preparation
      • 700—Knowledge of Error: Administrative Proceedings
      • 800—Form and Content of Advice to Taxpayers
      • 900—Appendix: Cross-Reference of Previous and Revised Statements
    • TS Topical Index
  • PERSONAL FINANCIAL PLANNING
    • PFP Personal Financial Planning
      • 100—Basic Personal Financial Planning Engagement Functions and Responsibilities
      • 200—Working With Other Advisers
      • 300—Implementation Engagement Functions and Responsibilities
      • 400—Monitoring and Updating Engagements—Functions and Responsibilities
      • 500—Developing a Basis for Recommendations
    • PFP Topical Index
  • CONTINUING PROFESSIONAL EDUCATION
    • CPE Continuing Professional Education
      • 10—Policies for the CPE Membership Requirement
      • 100—Preamble
      • 200—Standards for CPAs
      • 300—Standards for CPE Program Sponsors
      • 400—Glossary
    • CPE Topical Index

005109