AICPA issues new Technical Practice Aids

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Apr 27, 2017

On April 27, 2017, the American Institute of CPAs (AICPA) issued five new Q&As related to its Technical Practice Aids on internal controls.

Specifically, the following Q&As have been added to TIS Section 8200:

  • .17, “Obtaining an Understanding of Business Processes Relevant to Financial Reporting and Communication.”
  • .18, “Obtaining an Understanding of Internal Control Relevant to the Audit.”
  • .19, “Obtaining an Understanding of the Controls Relevant to the Audit.”
  • .20, “Control Activities That Are Always Relevant to the Audit.”
  • .21, “Control Activities That May Be Relevant to the Audit.”

Review the recently issued technical questions and answers page on the AICPA’s Web site.

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