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In October 2014, the AICPA’s Accounting and Review Services Committee (ARSC) issued SSARS No. 21, the clarification and revision of the standards for compilation, review, and financial statement preparation.
SSARS No. 21 makes substantial changes to compilation engagements, and introduces the new preparation standard. This is the most significant change in this area of practice in over 30 years, and will greatly impact accountants in public practice who prepare financial statements.
This authoritative guide will assist CPAs with interpreting and applying SSARS No. 21, as well as providing interpretive guidance and implementation strategies for all preparation, compilation and review engagements. It helps practitioners establish best-practices, includes practical tools and resources to assist with compliance, and exposes potential pitfalls associated with independence and ethics requirements.
Who Will Benefit:
For accountants performing compilation and review engagements for reporting periods ending prior to December 15, 2015 (and not early implementing SSARS No. 21), the AICPA is continuing to offer the 2014 edition of the guide, Compilation and Review Engagements. Be sure to select the appropriate edition year when reviewing the ordering options below.