Corporations -- Checklists and Illustrative Financial Statements

Overcome the complexities of financial statement preparation using disclosure checklists developed by the AICPA. The AICPA Checklists and Illustrative Financial Statements for corporations identify the applicable reporting requirements that you need to know and apply.

Whether you are preparing financial statements or auditing, reviewing, or compiling financial statements, you’ll find the most comprehensive U.S. GAAP disclosure guidance available and helpful illustrative financial statements and auditor’s reports. You can document the applicability of each requirement and reference the working papers where the support to a disclosure can be found. Completely updated to include references to FASB Accounting Standards Codification™, these checklists provide one comprehensive source for the required and recommended U.S. GAAP disclosures.

This edition reflects authoritative pronouncements issued as of September 30, 2010, as well as issued guidance that becomes effective prior to December 31, 2010, clearly identified, ensuring usability into the future.  This guidance includes:

• FASB ASU No. 2010-02, Consolidation (Topic 810): Accounting and Reporting for Decreases in Ownership of a Subsidiary – a Scope Clarification
• FASB ASU No. 2009-17, Consolidation (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities
• SAS No. 115, Communicating Internal Control Related Matters Identified in an Audit (AICPA, Professional Standards, vol. 1, AU sec. 325).
• SSARS No. 19, Compilation and Review Engagements (AICPA, Professional Standards, vol. 2)

This essential practice aid saves you research hours and reduces the risk of noncompliance with professional standards. Purchasers of the AICPA Online Professional Library subscription can download the checklist content into Microsoft Word for added flexibility. This practice aid has been prepared by the AICPA staff and has not been reviewed, approved, disapproved, or otherwise acted on by any senior technical committee of the AICPA.