New TPAs address audits of group financial statements, signing and dating reports

The AICPA has issued implementation guidance for specific elements of two auditing standards in new Technical Questions and Answers (TPAs).

Paragraphs .42 to .43 of TIS section 8800, “Audits of Group Financial Statements and Work of Others,” provide nonauthoritative guidance regarding implementation of AU-C section 600, Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors).

TPA 9100.08 has been issued to provide nonauthoritative guidance regarding how the auditor would need to comply with the requirement in AU-C section 700, Forming an Opinion and Reporting on Financial Statements, for the auditor’s report to “name the city and state where the auditor practices” when a firm’s letterhead includes multiple office locations.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.