Accounting and Auditing Section

As the “guardians at the gate,” auditors have tremendous oversight responsibility to companies, their investors and the public trust. In an environment of heightened scrutiny of accounting and auditing standards, members of OSCPA’s Accounting & Auditing Section turn to their weekly section newsletter for updates on major initiatives from FASB, the SEC, the PCAOB, the ASB, the AICPA, and the IASB, among many others. This year, OSCPA is expanding A&A Section resources to include a subject matter expert who will provide regular updates, webinars and answers to questions posed by section members. OSCPA’s A&A Section gives you an advantage that no one else can bring to you. Are you a member of the A&A Section?

Accounting and Auditing section news

  • GAQC releases updated illustrative HUD reports

    Feb 25, 2013
    The AICPA’s Governmental Audit Quality Center (GAQC) issued a GAQC Alert to announce the release of updated reports for audits performed under the Consolidated Audit Guide for Audits of HUD Programs (HUD Guide).
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  • FASB proposes improvements to recognition and measurement of financial assets and liabilities

    Feb 18, 2013
    FASB has issued for public comment a proposal to improve financial reporting by providing a comprehensive measurement framework for classifying and measuring financial instruments. FASB developed Proposed Accounting Standards Update, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, as part of its broader joint project with the IASB to improve and converge the accounting for financial instruments.
    Full story
  • GASB requests input on questions for comprehensive implementation guide

    Feb 18, 2013
    The GASB staff is preparing the annual update of the Comprehensive Implementation Guide and is seeking input for new questions to include in the next edition. The guide was developed to assist in the implementation and ongoing application of GASB pronouncements.
    Full story

From the A&A section experts

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Accounting and Auditing Special Interest Section
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Section details

DATES Annual membership runs May 1, 2012 – April 30, 2013
FEES
Member: $50
Non-member: Not available

SUBJECT
MATTER
EXPERTS

Michael L. Arend, CPA and Thomas O. Bowns, CPA
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BENEFITS A&A section listserv
Legislative update
Listserv disclaimer and policy


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