AICPA issues audit risk alerts on recession.

The American Institute of CPAs has issued a series of audit risk alerts designed to raise auditor awareness of the economic downturn's business implications as auditors plan 1991 yearend audits.

Audit Risk Alert--1991: General Update on Economic, Industry, Regulatory, and Accounting and Auditing Matters identifies current trends relevant to many 1991 year-end audits.

The Institute also issued 15 industry audit risk alerts to provide auditors with an overview of economic, regulatory and professional developments in a wide variety of industries.

Copies of the audit risk alerts are available from the AICPA order department at $5 each, plus shipping and handling. Call (800) 334-6961 [(800) 248-0445 in New York State]. Product numbers follow:

TITLE           PRODUCT NO.
Audit Risk Alert--1991:
  General Update on
  Economic, Industry,
  Regulatory, and
  Accounting and
  Auditing Matters         02287
Industry Audit Risk Alerts:
  Agribusiness             022092
  Airline                  022080
  Banking                  022083
  Casino                   022089
  Construction
    Contractors            022088
  Credit Union             022081
  Federal Government
    Contractors            022082
  Finance Companies        022090
  Health Care              022085
  Investment
    Companies              022096
  Life and Health
    Insurance              022098
  Oil and Gas Producers    022091
  Property and Liability
    Insurance              022094
  Savings Institutions     022084
  Securities               022093