Unaudited replacement cost information; Statement on auditing standards, 018

Authors

American Institute of Certified Public Accountants. Auditing Standards Executive Committee

Files

Description

Although generally accepted accounting principles do not require the presentation of replacement cost information in financial statements, certain companies are required by Regulation S-X of the Securities and Exchange Commission (the Commission) to include specified replacement cost information in a note or a separate section of audited financial statements filed with the Commission. Companies supplying such information are to disclose the methods used in determining the amounts and are to furnish any additional information necessary, in the opinion of management, to prevent the information from being misleading.

Publication Date

1977

Relational Format

pamphlet

Keywords

Auditing -- Standards -- United States; Replacement of industrial equipment -- Auditing

Disciplines

Accounting | Taxation

Comments

Copyright and permission to reprint held by: American Institute of Certified Public Accountants

Recommended Citation

American Institute of Certified Public Accountants. Auditing Standards Executive Committee, "Unaudited replacement cost information; Statement on auditing standards, 018" (1977). Statements on Auditing Standards. 15.
https://egrove.olemiss.edu/aicpa_sas/15