- news
- News Digest
AICPA issues TQAs on internal control
Questions about AU-C Section 315 are addressed.
Please note: This item is from our archives and was published in 2017. It is provided for historical reference. The content may be out of date and links may no longer function.
Related
Summing up economic sentiment and concerns about inflation and tariffs
Business outlook brightens somewhat despite trade, inflation concerns
AICPA & CIMA Business Resilience Toolkit — levers for action
New Technical Questions and Answers (TQAs) issued by the AICPA provide nonauthoritative guidance in the area of internal control.
The TQAs in Question and Answer Sections 8200.17—21 address questions received from auditors and other members about what is meant by controls relevant to the audit and control activities relevant to the audit in AU-C Section 315, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement. The TQAs can be accessed on the “Recently Issued Technical Questions and Answers” webpage at aicpa.org.
