Corporations: Checklists and Illustrative Financial Statements

AICPA Checklists and Illustrative Financial Statements are designed to help auditors and preparers overcome the complexities of financial statement preparation by identifying the applicable reporting requirements that you need to know and apply.

Whether you are preparing financial statements or auditing, reviewing, or compiling those financial statements, you’ll find the most comprehensive U.S. GAAP disclosure guidance available as well as helpful illustrative financial statements and auditor’s reports. You can document the applicability of each requirement and reference the working papers where the support to a disclosure can be found. Completely updated to include references to FASB Accounting Standards Codification™, these checklists provide one comprehensive source for the required and recommended U.S. GAAP disclosures.

The checklists have been updated to reflect authoritative pronouncements and interpretations issued as of December 31, 2012, including:

• 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income
• 2011-12: Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU No. 2011-05
• Statement on Auditing Standards Nos. 122–126 for the Codification of Statements on Auditing Standards (contained in AICPA Professional Standards)

This essential practice aid saves you research hours and reduces the risk of noncompliance. Purchasers of the online format can download the checklist content into Microsoft Word for added flexibility. This practice aid has been prepared by the AICPA staff and has not been reviewed, approved, disapproved, or otherwise acted on by any senior technical committee of the AICPA.