I just noticed there are some new risk alerts out from the AICPA that you can use to get ready for your year-end work.
- Developments in Review, Compilation, and Financial Statement Preparation Engagements: Engagements Performed in Accordance with SSARSs – AICPA Alert – This covers the new SSARS 21, including the preparation standard.
- General Accounting and Auditing Developments – 2014/15 Audit Risk Alert – This is an annual must-read for me – the ever valuable audit risk alert.
- Independence and Ethics Developments – 2014/15 Alert
That is a lot of material. If you want to have any chance of keeping up with the rapid change taking place around us, you need to do a lot of reading. I’ve found the annual risk alerts from the AICPA are a superb resource to keep current.
Looks like I have some reading to do in the next few weeks.