Comprehensive Audit Risk Alert 2008

The U.S. economy is experiencing a great amount of instability. During 2008 and into 2009 deteriorating economic conditions and increased government intervention continues. The economic crisis undoubtedly is affecting both financial statement preparers and the auditors engaged to audit their financial statements. Few, if any, industries are immune to the affects of the crisis. Since the time the AICPA published the 2008 Comprehensive Audit Risk Alert, much in the economic situation has changed.

In light of this, the AICPA has developed a dedicated alert to address common accounting and auditing concerns relative to current market conditions. This alert, Current Economic Crisis: Accounting and Auditing Considerations, replaces the 2008 Comprehensive Audit Risk Alert. For information, click here.