Brokers and Dealers in Securities - AICPA Audit and Accounting Guide

Get ready to expand your knowledge of the auditing and accounting issues significant to the broker –dealers industry. Whether you're preparing your company's financial statements or preparing for an auditing engagement, the AICPA Audit and Accounting Guide Brokers and Dealers in Securities provides you with the latest information on accounting and auditing issues and related financial statement considerations.

Have you used the FASB Accounting Standards Codification™ (ASC) to maneuver through the new structure of GAAP? You'll find the helpful guidance you're accustomed to now fully conformed to the ASC, along with a clear explanation of the ASC's significance to the profession, numerical referencing system, and Internet-based research system.

Updated with conforming changes as of August 1, 2009, the guide includes relevant guidance contained in official pronouncements issued through that date, supplemented with specific "how-to" recommendations. The following new pronouncements are to this guide and have been reflected in this edition:

• FASB Statement No. 161, Disclosures about Derivative Instruments and Hedging Activities—an amendment of FASB Statement No. 133 (FASB ASC 815)
• FASB Statement No. 141(revised), Business Combinations (FASB ASC 805)
• FASB FSP FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments (FASB ASC 320-10)
• SAS No. 115, Communicating Internal Control Related Matters Identified in an Audit

You'll also want to check out the new developments related to the heavily debated fair value issue addressed in FASB Statement No. 157, Fair Value Measurements (FASB ASC 820). With all these must-have features, this guide is an essential reference for firms, small practitioners, and professionals in business and industry.

For a topical listing of subject matter by chapter, click on the Table of Contents tab.