1. News
  2. AUDITING

Q&A Issued on Small Business Lending Fund Auditor Certification


Related
TOPICS

As a result of the Small Business Lending Fund enacted into law as part of the Small Business Jobs Act of 2010, the AICPA Audit and Attest Standards staff has issued Technical Practice Aid (TPA) 9110.18, “Small Business Lending Fund Auditor Certification Guidance.”

The aid provides guidance on how an independent auditor may certify that the processes and controls used to generate the supplemental reports that contain the amount of a community bank’s qualified small business lending are satisfactory. It also provides an illustration of a report an auditor may use when, as a result of the auditor’s audit procedures, nothing has come to the his or her attention to indicate that the bank failed to comply with the terms of the Small Business Lending Fund.

More from the JofA:

 Find us on Facebook  |   Follow us on Twitter  |   View JofA videos

Where to find March’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.