Audit Risk Alert: General Accounting and Auditing Developments 2019/2020 (AICPA), 2nd Edition

This alert provides auditors with an overview of recent economic, industry, technical, regulatory, and professional developments that may affect how auditors conduct audits and other engagements. An entity’s internal management can also use this alert to address areas of audit concern.

Updates include:
• Economic and Industry Developments
• Legislative and Regulatory Developments
• Audit and Attestation Issues and Developments
• Revenue Recognition
• New Lease Standard
• Accounting for Financial Instruments
• Recent AICPA Independence and Developments