What does PITF stand for?

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.

Neary is also currently Chairman of the American Institute of CPA's Quality Control Inquiry Committee and a member of the AICPA's Professional Issues Task Force.

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.

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.

The Professional Issues Task Force has issued Practice Alert 2003-1, Audit Confirmations, to emphasize the importance of the confirmation process.

The Professional Issues Task Force has issued Practice Alert 2002-3, Reauditing Financial Statements.

To assist auditors in understanding their responsibilities both with respect to the use of specialists who have been engaged or employed by the audit client and the use of specialists engaged or employed by the audit firm, the Professional Issues Task Force has issued Practice Alert 2002-02, "Use of Specialists.