|
|
Article: Statement of Position 04-1, Auditing the Statement of Social Insurance, Issued
- Article from:
- CPA Letter
- Article date:
- February 1, 2005
- Author:
CopyrightCopyright American Institute of Certified Public Accountants Feb 2005. Provided by ProQuest LLC. (Hide copyright information)
|
The Auditing Standards Board has issued Statement of Position 04-1, Auditing the Statement of Social Insurance (No. 014941CPA02), which contains the recommendations of the AICPA's Social Insurance Task Force regarding audits of statements of social insurance prepared in accordance with standards of the Federal Accounting Standards Advisory Board. FASAB standards require the financial statements of the federal agencies responsible for the Social security, Medicare, Railroad Retirement, and Black Lung programs and the financial statements of the federal government-wide entity to present a statement of social insurance as a basic financial statement.
A statement of social insurance is a ...