Journal of Accountancy Podcast

Explaining the role of ARSC and its decision tree


Listen Later

Mike Westervelt, CPA, is chair of the AICPA Accounting and Review Services Committee (ARSC), and he joins this episode of the JofA podcast to discuss the committee’s role in assisting members.

In 2023, ARSC released a decision tree to guide practitioners in eliminating confusion related to the applicability of AR-C Section 70, Preparation of Financial Statements. He compares the decision tree, an interactive PDF, to the Choose Your Own Adventure book series.

Resources:

·         ARSC homepage

·         Analytical Procedures in a Review Engagement

·         Guide to financial statement services

 

What you’ll learn from this episode:

·         An introduction to ARSC and its main roles.

·         An explanation of preparation services and related guidance.

·         What Westervelt means by saying: “You cannot trip into a standard anymore.”

·         A guide to ARSC’s decision tree and how it can eliminate confusion for practitioners about the applicability of AR-C Section 70.

·         Other resources for members and areas of focus for ARSC in the future.

...more
View all episodesView all episodes
Download on the App Store

Journal of Accountancy PodcastBy AICPA & CIMA

  • 4
  • 4
  • 4
  • 4
  • 4

4

72 ratings


More shows like Journal of Accountancy Podcast

View all
Accounting Best Practices with Steve Bragg by Steve Bragg

Accounting Best Practices with Steve Bragg

258 Listeners

WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,327 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,177 Listeners

PwC's accounting podcast by PwC

PwC's accounting podcast

179 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

414 Listeners

Accounting Today Podcast by Accounting Today

Accounting Today Podcast

73 Listeners

Talking Tax by Bloomberg Tax

Talking Tax

113 Listeners

Tax Notes Talk by Tax Notes

Tax Notes Talk

90 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

336 Listeners

Wall Street Breakfast by Seeking Alpha

Wall Street Breakfast

1,022 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

249 Listeners

Morning Brew Daily by Morning Brew

Morning Brew Daily

2,961 Listeners

The Deduction by Tax Foundation

The Deduction

42 Listeners

AICPA Town Hall by AICPA & CIMA

AICPA Town Hall

16 Listeners

Tax Section Odyssey by AICPA & CIMA

Tax Section Odyssey

13 Listeners