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.

Ethics: Non-Attest Services, Integrity and Objectivity

Ethics: Non-Attest Services, Integrity and ObjectivityAn interactive case study gives you a chance to make decisions and test your knowledge as you apply theory to real-life dilemmas. Integrity and objectivity are two of the cornerstones of the profession's Code of Conduct that should constantly be evaluated in the light of today’s evolving business environment.



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.

Internal Controls and Risk Assessment: Key Factors in a Successful Audit

Internal Controls and Risk Assessment: Key Factors in a Successful Audit In this CPE course, learn the requirements in a financial statement audit for understanding internal control, assessing the design and implementation thereof, and evaluating and communicating internal control deficiencies.




AICPA Audit Guide - Assessing and Responding to Audit Risk in a Financial Statement Audit

Understanding the New Revenue Recognition StandardThe Audit Risk Assessment Tool walks an experienced auditor through the risk assessment procedures and documents those decisions necessary to prepare an effective and efficient audit program.


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

Employee Benefit Plans - Audit and Accounting Guide Considered the industry standard resource, this guide provides practical guidance, essential information and hands-on advice on the many aspects of accounting and authoritative auditing for employee benefit plans.



Employee Benefit Plans Industry Developments - Audit Risk Alert

Employee Benefit Plans Industry Developments - Audit Risk AlertThe increasing complexity of employee benefit plan auditing and increased focus by the DOL have resulted in significant pressure for CPAs and firms performing EBP audits.

To help CPAs meet the challenge of performing quality audits in this unique and complex area, the AICPA has developed this Alert to assist you in identifying current sources of risk within EBP audit engagements.


Auditing Employee Benefit Plans

Auditing Employee Benefit PlansThis CPE course is designed to give you an understanding of requirements and audit procedures related to defined contribution, defined benefit, and health and welfare plans to help you more effectively plan and carry out your audit.

Additional Products & Resources

SINGLE AUDIT
Including A-133 and Uniform Guidance for Federal Awards.

Single Audit Certificates

Understanding the New Revenue Recognition StandardSingle audits require expertise and a deep knowledge of uniform guidance. Demonstrate your skills in conducting these specialized engagements with the AICPA’s new single audit certificate programs.



Government Auditing Standards and Single Audits - Audit Guide

Government Auditing Standards and Single Audits - Audit GuideThe new Uniform Guidance requirements have introduced extensive revisions to single audit engagements that affect the entire audit process, from the engagement letter to reporting on the single audit. Changes have also been made to federal agency requirements, administrative requirements, cost principles to which federal awards are subject, and more.



Fundamentals for Performing a Single Audit Under the Uniform Guidance for Federal Awards

Fundamentals for Performing a Single Audit Under the Uniform Guidance for Federal AwardsThis CPE course explains the basic elements of a Uniform Guidance compliance audit, including who must undergo this type of audit and why. It provides an overview of the requirements, and how GAAS and the Yellow Book are related to the compliance audit.

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 StandardWhether you are a financial statement preparer or auditor, or you practice in state and local government, this guide provides you with advice for handling audit and accounting issues common to state and local governments.




Governmental Accounting and Reporting

Understanding the New Revenue Recognition StandardThis CPE course is excellent for those who are familiar with fundamental state and local governmental concepts and those who are looking to perform a deep examination of fundamentals, such as how to prepare Agency Fund, Internal Service Fund, Investment Trust Fund, and Special Revenue Fund financial statements.


Audits of State and Local Governments: What You Need to Know

Audits of State and Local Governments: What You Need to Know Whether you are a financial statement preparer or auditor, or you practice in state and local government, this CPE course provides you with advice for handling audit and accounting issues common to state and local governments.

Additional Products & Resources

CROWD FUNDING
Products coming soon