Category: Financial Statement

Aicpa Statements On Auditing Standards

10 chapter 7 retained as AT-C section 395. We are the American Institute of CPAs the worlds largest member association representing the accounting profession. Auditing Interpretations of Section 230 240Consideration of Fraud in a Financial Statement Audit 250Consideration of Laws and Regulations in an Audit of Financial Statements 260The Auditors Communication With Those Charged. 135 […]

Assets In Balance Sheet Items

Here we discuss the list of Top 10 types of assets including cash cash equivalents prepaid expense inventory receivables PPE Goodwill intangible assets long term investments etc. If an asset is expected to be entirely consumed within the current period then it is instead charged to expense in that period. Run Your Business On Your […]