Features - The CPA Journal Millennium Series - Understanding SAS No. 89, Audit Adjustments - Why not place the responsibility for materiality adjustments where it belongs, on client management? SAS No. 89, yet another product of SEC Chair Arthur Levitt's attack on improper earnings management, does just that
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|Authors:||Ratcliffe, Thomas A.|
The CPA journal. - New York, NY : New York State Soc. of Certified Public Accountants, ISSN 0094-2049, ZDB-ID 8606109. - Vol. 70.2000, 4, p. 34-39
Ratcliffe, Thomas A., (1999)
Features - The CPA Journal Millennium Series - Transfers of Assets to a Not-for-Profit Organization that Raises or Holds Contributions: SFAS No 136 - Not-for-profits often use intermediaries, such as foundations, for fund-raising. This raises the issue of how and when revenue should be recognized by the not-for-profit. FASB Interpretation No 42 was a half-hearted attempt to deal with the issue; ...
Grice Sr, John Stephen, (2000)
Features - Auditing Derivatives and Securities - SAS No. 92 was issued to help auditors prepare for SFAS No. 133, which requires that derivatives be reported at fair value. To this end, auditors face particular challenges in finding evidence to support management's assertions as to the existence, completeness, and valuations of derivatives that the standard and its audit guide try to address.
Munter, Paul, (2001)
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