PITF

(redirected from Professional Issues Task Force)
AcronymDefinition
PITFPublic Interest Transportation Forum (Washington)
PITFProfessional Issues Task Force (American Institute of Certified Public Accountants)
PITFPersonal Insolvency Task Force (Canada)
PITFPunch In The Face
PITFProgram Implementation Task Force
PITFPayload Integrated Test Facility (aerospace)
References in periodicals archive ?
The Professional Issues Task Force has issued Practice Alert 2007-1, Dating of the Auditor's Report and Related Practical Guidance.
The Institute's Professional Issues Task Force issued Practice Alert 2004-01, Illegal Acts, to provide guidance for auditors of nonissuers and their firms regarding the extent of the consideration an independent auditor should give to the possibility of illegal acts by a client in an audit of financial statements in accordance with generally accepted auditing standards (www.aicpa.org/download/auditstd/pract_alert/PA_2004_i.pdf).
In order to assist with the implementation of this standard, the Professional Issues Task Force of the AICPA SEC Practice Section issued Practice Alert 99-1.
The Professional Issues Task Force has issued Practice Alert 2005-1, Auditing Procedures With Respect to Variable Interest Entities.
* The AICPA professional issues task force issues Practice Alert 2003-3, Acceptance and Continuance of Clients and Engagements, to give practitioners and their firms guidance on establishing policies and procedures for deciding whether to accept or continue a client relationship and whether to perform a specific engagement for that client (www.aicpa.org/download/secps/pralert_03_03.pdf).
In response to a recommendation of the Public Oversight Board (POB) of the SEC Practice Section (SECPS) of the AICPA's Division for CPA firms in the report In the Public Interest - Issues confronting the Accounting Profession, the SECPS executive committee established the Professional Issues Task Force (PITF).
The Professional Issues Task Force has issued Practice Alert 2004-1, Illegal Acts, to provide auditors of non-issuers and their firms guidance regarding the extent of the consideration an independent auditor should give to the possibility of illegal acts by a client in an audit of financial statements in accordance with generally accepted auditing standards.
It also includes recommendations from the Public Oversight Board's Panel on Audit Effectiveness and from the AICPA professional issues task force's Practice Alert 2000-4, Quarterly Review Procedures for Public Companies.
This suggestion has been made before, including most recently by the POB in its special report, and a professional issues task force was recently formed in response.
The Professional Issues Task Force has issued Practice Alert 2003-03, Acceptance and Continuance of Clients and Engagements, to provide practitioners and their firms with guidance regarding the establishment of policies and procedures for deciding whether to accept or continue a client relationship and whether to perform a specific engagement for that client.
In 2002 the AICPA professional issues task force (PITF) issued Practice Alert 02-3, Reauditing Financial Statements, covering these and other issues.
The Professional Issues Task Force has issued Practice Alert 2003-2, Journal Entries and Other Adjustments, to provide auditors with guidance regarding the design and performance of audit procedures to fulfill the responsibilities outlined in SAS No.
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