CAQ Publishes Alert on ICFR Requirements for Entities Newly Consolidated Under Statement 167
Published on:
21 Apr 2010
On April 19, 2010, the Center for Audit Quality (CAQ) published Alert #2010-21, which outlines the SEC staff’s views on internal control over financial reporting (ICFR) requirements for an entity newly consolidated under Statement 167 (codified as ASC 810-10). The alert also discusses the applicability of the SEC staff’s FAQs #1 and 3 after an entity’s adoption of Statement 167.