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More About This Title Codifications of Statements on Standards for Accounting and Review Services: Numbers 21-24
English
This edition includes the authoritative standards and interpretations applicable to preparation, compilation, and review engagements. These standards provide the requirements for practitioners performing these engagements. In addition to SSARS No. 21, which is now effective, this edition includes the newly released Statements on Standards for Accounting and Review Services (SSARS): SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services—2018. SSARS No. 24 creates a new section, AR-C section 100, Special Considerations— International Reporting Issues, to provide requirements and guidance when an accountant is engaged to perform a compilation or review in either of the following circumstances:
- The financial statements have been prepared in accordance with a financial reporting framework generally accepted in another country.
- The compilation or review is to be performed in accordance with both SSARSs and another set of compilation or review standards.
Additional significant changes attributed to SSARS No. 24 include amendments to the following sections:
- AR-C Section 60, General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting and Review Services
- AR-C Section 90, Review of Financial Statements
This codification is fully indexed and arranged by subject. The guidance (and related interpretations to the extent applicable) help apply the standards in specific circumstances and clearly show amendments, deleted or superseded portions, and conforming changes due to the issuance of other authoritative guidance.
English
Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession’s technical and ethical standards.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.
English
Section
How This Publication Is Organized 1
STATEMENTS ON STANDARDS FOR ACCOUNTING AND REVIEW SERVICES (Clarified) [AR-C]
AR-C Cross-References to SSARSs 3
AR-C Introduction 5
Statements on Standards for Accounting and Review Services (Clarified) 15
60 General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 27
60A General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 47
70 Preparation of Financial Statements 65
80 Compilation Engagements 79
90 Review of Financial Statements 115
90A Review of Financial Statements 199
9090 Review of Financial Statements: Accounting and Review Services Interpretation of AR-C Section 90 275
100 Special Considerations—International Reporting Issues 277
120 Compilation of Pro Forma Financial Information 289
AR-C Appendixes 303
AR-C Topical Index 307
