Updated as of March 1, 2014, 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 illustrative 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.
The 2014 edition features one new illustrative compilation report, two new illustrative review reports, case studies, and an expanded list of illustrative inquiries of management.
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