AICPA / Checklists and Illustrative Financial Statements

Part 1--Instructions 1 General 1 Guidance Considered in This Edition 2 Instructions 2 Part 2--Financial Statements and Notes Checklist 5 I. General 7 II. Statement of Financial Position 46 III. Statement of Activities 98 IV. Statement of Cash Flows 114 Part 3--Auditors' Reports Checklist 119 I. For Audits Conducted Prior to the Adoption of the Suite of New Reporting Standards 120 II. For Audits Conducted After the Adoption of the Suite of New Reporting Standards 138 Part 4--Auditors' Reports Checklist for Audits Performed in Accordance With Government Auditing Standards and the Uniform Guidance 163 I. Reports on Audits Performed in Accordance With GAS 165 II. Reports on Audits Performed in Accordance With the Uniform Guidance 174 Part 5--Accountants' Reports on Compiled Financial Statements or Information or Reviewed Financial Statements Checklist 187 I. Checklist Questionnaire for Compiled Financial Statements, Prospective Financial Information, Pro Forma Financial Information, and Other Historical Financial Information Using AR-C (Clarified) Standards 188 II. Checklist Questionnaire for Review Engagements Using AR-C (Clarified) Standards Prior to the Adoption of SSARS No. 25 193 III. Checklist Questionnaire for Review Engagements Using AR-C (Clarified) Standards After the Adoption of SSARS No. 25 200 Part 6--Illustrative Financial Statements, Notes, and Auditor's Report 211

The American Institute of CPAs (AICPA) is the world's largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.