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Accounting practices of real estate investment trusts : recommendation to Financial Accounting Standards Board; Statement of position 75-2;
American Institute of Certified Public Accountants. Accounting Standards Division
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Presentation and disclosure of financial forecasts; Statement of position 75-4;
American Institute of Certified Public Accountants. Accounting Standards Division
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Questions concerning profit recognition on sales of real estate : proposal to to Financial Accounting Standards Board to clarify AICPA Industry Accounting Guide on Accounting for Profit Recognition on Sales of Real Estate; Statement of position 75-6;
American Institute of Certified Public Accountants. Accounting Standards Division
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Statement of position on revenue recognition when right of return exists;Revenue recognition when right of return exists; Statement of position 75-1; Statement of position 75-1
American Institute of Certified Public Accountants. Accounting Standards Division, issuing body
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Proposed statement on auditing standards : Inquiry of a client's lawyer concerning litigation, claims, and assessments;Inquiry of a client's lawyer concerning litigation, claims, and assessments; Exposure draft (American Institute of Certified Public Accountants), 1975, Oct. 24
American Institute of Certified Public Accountants. Auditing Standards Executive Committee
This Statement provides guidance on the procedures an independent auditor should consider when he is performing an examination in accordance with generally accepted auditing standards to identify litigation, claims, and assessments and to satisfy himself as to the financial accounting and reporting for such matters.
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Proposed statement on auditing standards : related party transactions;Related party transactions; Exposure draft (American Institute of Certified Public Accountants), 1975, March 15
American Institute of Certified Public Accountants. Auditing Standards Executive Committee
This proposed Statement provides guidance on procedures that should be considered to attempt to determine the existence of related parties and to examine identified related party transactions. It also provides guidance on considerations that might affect the auditor's evaluation of the adequacy of disclosure of related party transactions.
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Accrual of revenues and expenditures by state and local governmental units : proposal to Financial Accounting Standards Board to amend AICPA Industry audit guide on audits of state and local governmental units; Statement of position 75-3;
American Institute of Certified Public Accountants. Subcommittee on State and Local Governmental Auditing
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Accounting for foreign currency translation, May 17, 1974 : responses to issues raised in FASB discussion memorandum, Feb. 21, 1974 (FASB file reference 1005); Statement of position 74-05;
American Institute of Certified Public Accountants. Accounting Standards Division
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Accounting for future losses : Responses to issues raised in FASB Discussion Memorandum, March 13, 1974 (FASB file reference 1006), April 25, 1974); Statement of position 74-04;
American Institute of Certified Public Accountants. Accounting Standards Division
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Accounting for leases; responses to issues raised in FASB Discussion memorandum, July 2, 1974 (FASB file reference 1002); Statement of position 74-10;
American Institute of Certified Public Accountants. Accounting Standards Division
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Accounting for research and development and similar costs : responses to issues raised in FASB Discussion Memorandum, December 28, 1974 (FASB file reference 1007), February 28, 1974; Statement of position 74-01;
American Institute of Certified Public Accountants. Accounting Standards Division
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Accounting practices in the mortgage banking industry, December 30, 1974; Statement of position 74-12;
American Institute of Certified Public Accountants. Accounting Standards Division
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Conceptual framework for accounting and reporting : responses to issues raised in FASB Discussion memorandum, June 6, 1974 (FASB File reference 1004); Statement of position 74-09;
American Institute of Certified Public Accountants. Accounting Standards Division
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Contingencies arising from energy shortages; Statement of position 74-01;
American Institute of Certified Public Accountants. Accounting Standards Division
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Disclosure in annual stockholder reports; comments on Securities Exchange Act release no. 10591; Statement of position 74-02;
American Institute of Certified Public Accountants. Accounting Standards Division
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Financial accounting and reporting by colleges and universities : proposal to the Financial Accounting Standards Board to amend AICPA industry audit guide on audits of colleges and universities. August 31, 1974; Statement of position 74-08;
American Institute of Certified Public Accountants. Accounting Standards Division
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Financial accounting and reporting by face-amount certificate companies : proposal to the Financial Accounting Standards Board to amend AICPA Industry audit guide on audits of investment companies with respect to face-amount certificate companies. December 10, 1974; Statement of position 74-11;
American Institute of Certified Public Accountants. Accounting Standards Division
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Recognition of profit on sales of receivables with recourse : recommendation to Financial Accounting Standards Board. June 14, 1974; Statement of position 74-06;
American Institute of Certified Public Accountants. Accounting Standards Division
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Reporting the effects of general price-level changes in financial statements : responses to issues raised in FASB Discussion Memorandum, February 15, 1974 (FASB file reference 1013), April 5, 1974; Statement of position 74-03;
American Institute of Certified Public Accountants. Accounting Standards Division
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Statement of position on savings and loan subordinated debt, January 24, 1974;Savings and loan subordinated debt, January 24, 1974 ; Statement of position 74-2;
American Institute of Certified Public Accountants. Accounting Standards Division
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Statement of position on financial reporting for segments of a business enterprise, July 16, 1974;Financial reporting for segments of a business enterprise, July 16, 1974; Statement of position 74-07; Statement of position 74-07
American Institute of Certified Public Accountants. Accounting Standards Division, issuing body
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Audits of fire and casualty insurance companies: revision of form of auditor's report; Statement of position 1974 July;
American Institute of Certified Public Accountants. Auditing Standards Division
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Standards for systems for the preparation of financial forecasts; Exposure draft (American Institute of Certified Public Accountants), 1974, March 28
American Institute of Certified Public Accountants. MAS Development and Liaison Subcommittee. Forecasting Task Force
The Executive Committee of the Management Advisory Services Division created a task force in 1973 to develop standards for the preparation of financial forecasts. This report represents the results of a study made by the members of that task force. The purpose of this report is to delineate standards which would provide guidance to the preparers of financial forecasts and to the developers of forecasting systems and give increased confidence to the public and the users of forecasts where the standards have been followed. The preparation of a financial forecast is the responsibility of the management of an entity. Management may acquire the assistance and counsel of outside professionals in meeting this responsibility. CPAs may assist management in the preparation of financial forecasts and in the development of forecasting systems. This report does not address standards for reporting or disclosure requirements of financial forecasts or third party attestation by CPAs on financial forecasts. These standards are applicable to the preparation of financial forecasts developed on a recurring basis as the output of a forecasting system. Standards for the preparation of one-time forecasts and for the preparation of feasibility studies are currently under development.
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Proposed APB opinion : Disclosure of lease commitments by lessees;Disclosure of lease commitments by lessees; Exposure draft (American Institute of Certified Public Accountants), 1973, Jan. 9
American Institute of Certified Public Accountants. Accounting Principles Board
This draft Opinion provides for separate disclosure of (a) the total lease rentals charged against operations for each period presented; (b) the minimum annual rentals payable in each of the five succeeding years and thereafter by five-year periods for all leases with noncancelable terms of more than one year; and (c) the present value of all leases with noncancelable terms of more than one year, computed on a net basis if reasonably determinable.
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Accounting for companies in the development stage; Exposure draft (American Institute of Certified Public Accountants), 1973, May 1
American Institute of Certified Public Accountants. Committee on Companies in the Development Stage
A diversity of financial reporting practices exists for companies in the development stage and the type of auditors' report has varied widely for factual situations that appear to be comparable. This audit guide recommends practices which should result in the presentation of useful financial information by these companies with less variation in the form of the financial statements and in the accompanying auditors' reports. The recommendations presented herein are applicable to any company, in any industry, which is in the development stage.
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Audits of Pension Funds; Exposure draft (American Institute of Certified Public Accountants), 1973, May 1
American Institute of Certified Public Accountants. Committee on Health, Welfare and Pension Funds
This guide has been prepared to provide direction to independent auditors engaged to examine and report upon financial statements of pension funds. Generally accepted auditing standards and, for the most part, generally accepted accounting principles for commercial enterprises are applicable to pension funds covered in this guide. Not all of these standards and principles are discussed herein; rather, the guide deals with those accounting, auditing, and reporting matters unique to such funds.
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Proposed APB opinion : Accounting for income taxes-- special areas;Accounting for income taxes-- special areas; Exposure draft (American Institute of Certified Public Accountants), 1972, Jan. 4
American Institute of Certified Public Accountants. Accounting Principles Board
This draft Opinion proposes that differences between taxable income and pretax accounting income relating to undistributed earnings of subsidiaries, Domestic International Sales Corporations, corporate joint ventures, general reserves of savings and loan associations, and policyholders' surplus of stock life insurance companies are of such a nature that tax allocation would not ordinarily be required. However, earnings of a non-subsidiary investee taken up under the equity method (APB Opinion No. 18) would be considered a timing difference and tax allocation would be required under the provisions of APB Opinion No. 11.
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Proposed APB opinion : Accounting for nonmonetary transactions;Accounting for nonmonetary transactions; Exposure draft (American Institute of Certified Public Accountants), 1972, Dec. 29
American Institute of Certified Public Accountants. Accounting Principles Board
This draft Opinion provides that the accounting for exchanges of nonmonetary assets and for nonreciprocal transfers of assets either to or from the enterprise should be based generally on the fair values of the assets involved. However, the general principle of recording fair values is modified for some transactions in order to accommodate problems of measuring fair values or recognizing revenue before the earning process is complete. Specifically, carrying values of assets should be used to record (1) an exchange or nonreciprocal transfer if fair values are not determin-able; (2) an exchange involving inventory-type items or similar productive assets; and (3) a distribution to owners in connection with a spin-off, other form of reorganization or liquidation, or a rescission of a prior business combination.
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Proposed APB opinion: Early extinguishment of debt;Early extinguishment of debt; Proposed APB opinion;Exposure draft (American Institute of Certified Public Accountants), 1972, June 15
American Institute of Certified Public Accountants. Accounting Principles Board
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Proposed APB opinion : Interim financial reporting;Interim financial reporting; Exposure draft (American Institute of Certified Public Accountants), 1972
American Institute of Certified Public Accountants. Accounting Principles Board
This draft Opinion establishes minimum acceptable standards of reporting for both complete interim financial statements and for summarized interim financial data. It also outlines the applicability of generally accepted accounting principles to interim financial information and indicates types of disclosure necessary to report on a meaningful basis for a period of less than a full year.
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Proposed APB opinion : Reporting the effects of extraordinary events and transactions;Reporting the effects of extraordinary events and transactions; Exposure draft (American Institute of Certified Public Accountants), 1972
American Institute of Certified Public Accountants. Accounting Principles Board
This draft Opinion provides more definitive criteria for determining whether an event or transaction should be reported as an extraordinary item. To be reported as extraordinary, an event or transaction must be clearly unrelated to the ordinary activities of the entity in the context of the environment in which it operates and must be of a type that is not expected to recur in the foreseeable future. Material unusual events or transactions which do not qualify as extraordinary items are, nevertheless, to be fully disclosed.
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Proposed statement on auditing procedure : Reports on internal control based on criteria established by regulatory agencies;Reports on internal control based on criteria established by regulatory agencies; Exposure draft (American Institute of Certified Public Accountants), 1972, Sept. 26
American Institute of Certified Public Accountants. Committee on Auditing Procedure
Following the issuance of Statement on Auditing Procedure No. 49, "Reports on Internal Control," some regulatory agencies* have commenced or completed audit guides, questionnaires, or other publications that set forth criteria for evaluation of the adequacy for their purposes of internal control procedures of organizations with which they are concerned. Other agencies have been encouraged to do so in Suggested Guidelines for the Structure and Content of Audit Guides Prepared by Federal Agencies for Use by CPAs which was issued by American Institute of CPAs Committee on Auditing for Federal Agencies in March 1972. The purpose of this Statement is to clarify and modify the application of paragraphs 28 and 32 of Statement on Auditing Procedure No. 49 to reports on internal control based on criteria established by regulatory agencies in reasonable detail and in terms susceptible to objective application. This Statement does not apply if such criteria have not been established.
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Proposed APB opinion : Accounting for investment tax credits;Accounting for investment tax credits; Exposure draft (American Institute of Certified Public Accountants), 1971, Oct. 22
American Institute of Certified Public Accountants. Accounting Principles Board
This proposed Opinion was drafted on the basis of the bill (HR 10947) passed by the House October 6 and will require that benefits arising from investment tax credits be accounted for as reductions of income tax expense over the periods in which the cost of the related property is charged to income. In taking final action, the Board will, of course, take into consideration any changes in relevant provisions of the law as finally enacted that differ substantially from those provisions in the House bill.
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Proposed APB opinion : Disclosure of accounting policies;Disclosure of accounting policies; Exposure draft (American Institute of Certified Public Accountants), 1971, Dec. 27
American Institute of Certified Public Accountants. Accounting Principles Board
In recent years, an increasing number of business enterprises are including in their annual reports to shareholders a separate summary of the major accounting policies followed in preparing the financial statements. This disclosure has been favorably received by users of financial statements and endorsed by organizations representing corporate business. Practice by those entities that present summaries of accounting policies has varied considerably. Some entities present the summary of accounting policies as an integral part of the financial statements; others present it as supplementary information. In addition, both the nature and the degree of disclosure vary, and related guidelines are lacking. In view of the increasing recognition of the usefulness of disclosure of accounting policies, the Accounting Principles Board has considered whether this disclosure should be required in financial statements and whether guides should be established for the form and scope of disclosure. This Opinion sets forth the Board's conclusions.
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Proposed APB opinion : Translating foreign operations;Translating foreign operations; Exposure draft (American Institute of Certified Public Accountants), 1971, Dec. 20
American Institute of Certified Public Accountants. Accounting Principles Board
This draft Opinion deals with some aspects of accounting for translation adjustments arising from the application of the monetary/nonmonetary approach to the translation of foreign currency assets and liabilities. Among other things it proposes that certain debit and credit translation adjustments should be deferred while others should be carried immediately to income.
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Proposed APB Opinion: Business Combinations and Intangible Assets; Exposure draft (American Institute of Certified Public Accountants), 1970, February 23
American Institute of Certified Public Accountants. Accounting Principles Board
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Memorandum on exposure draft of statement on auditing procedure on "Letters for Underwriters";Statement on auditing procedure on "Letters for Underwriters"; Exposure draft (American Institute of Certified Public Accountants), 1970, Sept. 2
American Institute of Certified Public Accountants. Committee on Auditing Procedure
This exposure draft was developed by the Advisory Task Force on Comfort Letters, an ad hoc committee created to advise the Committee on Auditing Procedure on the revision of SAP 35. SAP 35 was issued in November 1965 to provide guidance for independent public accountants in preparing comfort letters. Extensive experience with that SAP, the growing frequency of requests for comfort letters to cover matters not traditionally within the province of independent public accountants, and uncertainty among accountants, clients and underwriters as to the nature and scope of comfort letters suggested the desirability of expanding and revising SAP 35.
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Opinions of the Accounting Principles Board : Amending paragraph 6 of APB opinion no. 9, application to commercial banks;Amending paragraph 6 of APB opinion no. 9, application to commercial banks; Exposure draft (American Institute of Certified Public Accountants), 1968, April 27
American Institute of Certified Public Accountants. Accounting Principles Board
The Board believes the Income statement format recommended in Audits of Banks conforms with the principles of income statement presentation which are set forth in APB Opinion No. 9. Accordingly, the last two sentences of paragraph 6 of APB Opinion No. 9 are deleted and such Opinion is therefore applicable to financial statements issued by commercial banks for fiscal periods beginning after December 31, 1968.
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Proposed statement on Responsibilities in tax practice, entitled : Use of Estimates;Use of Estimates; Exposure draft (American Institute of Certified Public Accountants), 1968, Jan. 17
American Institute of Certified Public Accountants. Committee on Federal Taxation
This Statement considers the responsibility of a certified public accountant in connection with the use of estimates in the preparation of a Federal tax return which he signs as preparer. A certified public accountant may prepare tax returns involving the use of estimates if either such use is generally acceptable or, under the circumstances, it is impracticable to obtain adequate actual data. When estimates are used, they should be presented in such a manner as to avoid the implication of greater accuracy than exists. The CPA should satisfy himself that estimated amounts are reasonable under the circumstances.
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Proposed APB opinion : Accounting for income taxes;Accounting for income taxes; Exposure draft (American Institute of Certified Public Accountants), 1967, Sept. 14
American Institute of Certified Public Accountants. Accounting Principles Board
The Board's conclusions concerning some of the problems in accounting for income taxes are summarized as follows: a. Interperiod tax allocation is an integral part of the determination of income tax expense, and income tax expense should include the tax effects of all revenue and expense items included in the determination of pretax accounting income. b. Interperiod tax allocation procedures should follow the deferred method, both in the manner in which tax effects are initially recognized and in the manner in which deferred taxes are amortized in future periods. c. The tax effects of operating loss carrybacks should be allocated to the loss periods. The tax effects of operating loss carry forwards usually should not be recognized until the periods of realization. d. Allowable investment credits usually should be applied in the determination of income tax expense in those periods in which the costs of the related property giving rise to the investment credits enter into the determination of pretax accounting income through provisions for depreciation or amortization. e. Tax allocation within a period should be applied in order to obtain fair presentation of the various components of results of operations. f. Financial statement presentations of income tax expense and related deferred taxes should indicate clearly (1) the composition of income tax expense as between amounts currently payable and amounts representing tax effects allocable to the period, and (2) the classification of deferred charges and deferred credits into a net current amount and a net noncurrent amount.
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Funds Statement; Exposure Draft - April 1, 1963
American Institute of Certified Public Accountants. Accounting Principles Board
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Accounting for the investment credit; Exposure draft (American Institute of Certified Public Accountants), 1962, Nov. 1
American Institute of Certified Public Accountants. Accounting Principles Board
The Board therefore believes that the "investment credit" should be reflected in income over the productive life of the acquired facilities rather than in the year of their acquisition. Accordingly, the Board is of the opinion that the amount of the "investment credit" should be applied to reduce the recorded cost of the acquired facilities, either directly or by inclusion in an offsetting account which would be deducted from the cost of the facilities for purposes of both balance-sheet presentation and calculation of periodic depreciation.
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Accounting for the investment credit; Exposure draft (American Institute of Certified Public Accountants), 1962, November 1
American Institute of Certified Public Accountants. Accounting Principles Board
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Staff Accountants Questionnaire
American Institute of Accountants. Advisory Committee of Staff Accountants and Robert L. Starks
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Accountants Cooperate With Trade Commission in Considering Securities Act
American Institute of Accountants and United States. Federal Trade Commission
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Urgent Letter fromto Members and Associates of the American Institute of Accountants.
American Institute of Accountants. Special Committee on Revenue Laws
