Compilation and Review Engagements - AICPA Guide

Updated as of March 1, 2013, this guide helps practitioners understand the engagement performance and reporting requirements under Statements on Standards for Accounting and Review Services (SSARS).

It raises awareness of potential pitfalls associated with independence and ethics requirements as they apply to compilation and review engagements, and provides illustrative analytical procedures and inquiries that might be made as part of a review engagement.

Covered topics include, among others:

• Up-to-date engagement and representation letters and accountants’ reports.
• detailed illustrative client inquiries and illustrative analytics for reviews.
• Compilations and reviews of personal financial statements.
• Q&As on compilation reporting requirements when independence is impaired.
• Communications to management.
• Submission of financial statements.

Two new illustrative accountants review reports have been added this year to address even more unique reporting circumstances.

Don’t be without the most trusted and up-to-date guidance available for compilation and review engagements.

Developed by industry experts and approved by the AICPA’s Accounting and Review Services Committee, the Guide is recognized in SSARS as an authoritative interpretive publication.

The guide has been fully updated for SSARS No. 20, Revised Applicability of Statements on Standards for Accounting and Review Services, and SSARS No. 19, Compilation and Review Engagements.

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