Auditors required to modify New York City form


Auditors providing an opinion on operating income and expenses for New York City Tax Commission certiorari filings are required to modify a certification form to comply with new standards, according to the AICPA.

Under those conditions, auditors are required to modify Form TC309, Accountant’s Certification, to comply with new generally accepted auditing standards effective for periods ending on or after Dec. 15, 2012.

The Tax Commission of the City of New York has agreed to accept the modifications to Form TC309 that are necessary to comply with the AICPA’s professional standards. Wording of the modifications is available on the AICPA’s website.

The Real Estate Committee of the New York State Society of CPAs worked with the AICPA Audit and Attest Standards team to facilitate acceptance of the modifications.

SPONSORED REPORT

Post-busy season checklist

Now that tax season is over, pause for some introspection to guarantee that next year’s busy season is even better. Bonus: “Dirty dozen” scams list to share with your clients. Sponsored by Thomson Reuters, Bloomberg BNA, Bloomberg BNA // Software and Wolters Kluwer.

QUIZ

News quiz: Risks are top of mind in finance

Americans are worried about risks to their financial security. Accountants also see risks to their organizations and their careers. See how much you know about recent news and reports with this quiz.

CHECKLIST

Auditing risks in culture

Cultural flaws can seriously damage an organization. Here’s how internal auditors can reduce risks by embedding culture audits into existing audit programs.