AICPA Issues TPAs Concerning Subsequent Events
 
 
(11/03/2009) FASB ASC 855-10 (formerly SFAS No. 165, Subsequent Events) includes accounting and disclosure standards on subsequent events that formerly resided in the SASs at AU 560. As a result of this change, the AICPA issued two technical practice aids (TPA) addressing the effect of FASB ASC 855 on accounting guidance and the changes in auditor responsibilities.
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