AICPA issues new Technical Practice Aids
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.
