AICPA Not-for-Profit Guidance, Tools and Resources

Enhancing Audit Quality Initiative - Emerging Industries and Risk Areas

The AICPA’s continuing commitment to raising the audit quality bar has led to this initiative, whose purpose is to improve the consistency of quality across the profession by focusing firms and peer reviewers on new industries, industries with new or rising risks, audit areas of increased risk or areas that have shown to have increased inspection matters in the past. An AICPA-wide approach of enhanced materials, targeted training and robust peer reviews is planned to enhance audit quality.

While the formal program will not be finalized until the responses to the concept paper can be evaluated, the AICPA Peer Review Board has approved a partial implementation of the Emerging Industries and Risk Areas Initiative. Further details are included in the Enhancing Audit Quality Initiative Emerging Industries and Risk Areas page. 

See below for products and resources associated with each of the proposed emerging industries and risk areas:


INDEPENDENCE
This relates to nonattest services provided to audit clients, particularly with respect to sufficiency of the client's skills, knowledge and experience to oversee the services.

Independence and Ethics Developments - 2014/15 Alert

Understanding the New Revenue Recognition StandardThis Alert focuses on recent developments in independence and ethics for accountants and auditors--an area that is receiving increasing attention from regulators, investors, the news media, and others. Resources related to the Revised Code of Professional Ethics are discussed as well as the new format of the Code.



Professional Ethics: The AICPA's Comprehensive Course

Understanding the New Revenue Recognition StandardThis revised course teaches you and your staff the AICPA, SEC and GAO independence rules in an inventive and creative way. You will learn the most up-to-date AICPA, SEC and GAO rules, including those adopted under the Sarbanes-Oxley Act

Earn 8.5 Text or 9 On-Demand CPE credits!

Additional Products & Resources

SUFFICIENCY OF AUDIT EVIDENCE
This covers, in particular, internal controls, risk assessment, and sampling.

Audit Sampling - Audit Guide

Understanding the New Revenue Recognition StandardThis March 1, 2014 update summarizes applicable requirements and practices, and delivers "how-to" advice to help auditors apply nonstatistical and statistical sampling.




Audit Staff Essentials: Understanding the Entity and Assessing Risk - Part 1

Understanding the New Revenue Recognition StandardIn this course you will focus on how to obtain an understanding of the client and assess the effectiveness of internal control design. Through a comprehensive case study, you'll practice applying the requirements in practice.

Recommended CPE Credit: 3

Additional Products & Resources


EMPLOYEE BENEFIT PLAN AUDITS
This includes audits of employee stock ownership plans and government pensions.

Employee Benefit Plans - Audit and Accounting Guide

Understanding the New Revenue Recognition Standard Considered the industry standard resource, this Guide is packed with information on new requirements, including offsetting of derivatives, financial assets and financial liabilities, and technical corrections and improvements.




Auditing Employee Benefit Plans

Understanding the New Revenue Recognition StandardIn this course, gain an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans.

Earn 8 CPE credits!


AICPA Employee Benefit Plans Accounting, Auditing and Regulatory Update

Understanding the New Revenue Recognition StandardDate: Dec 04 - Dec 05, 2014
Location: Capital Hilton
Washington, DC
Recommended CPE Credit: 13.5


  • Employee Benefit Plan Audit Quality Center
  • GASB Matters
  • Additional Products & Resources

    MUNICIPALITIES THAT ISSUE SECURITIES
    This covers, in particular, those that issue securities.

    State and Local Governments - Audit and Accounting Guide

    Understanding the New Revenue Recognition StandardMarch 1, 2014 Update. You’ll get critical "how-to" guidance on planning, performing and reporting on your audit engagements for state and local governments.




    Governmental and Non-for-Profit Annual Update

    Understanding the New Revenue Recognition StandardEnsure you are current in governmental and not-for-profit accounting and auditing. This update is designed to prepare you for the latest developments affecting governments and not-for-profits.

    Earn 10.5 Text or 13.5 DVD CPE credits!



    AICPA National Governmental and Not-for-Profit Training Program

    Understanding the New Revenue Recognition StandardDate: Oct 20 - Oct 22, 2014
    Location: Caesar’s Palace
    Las Vegas, NV
    Recommended CPE Credit: 25 (main) and 4.5 (optional)
    Pre-Conference: October 19
    Post-Conference: September 21


  • Governmental Audit Quality Center
  • GASB Matters
  • Additional Products & Resources