Episode 6 – SSARS 21 Compilation Engagement Questions & Answers

By Charles Hall | SSARS

Feb 07

Today we take a look at compilation engagement issues such as:

  • What does the new compilation report look like?
  • Should a compilation report have a title and a salutation?
  • Should the financial statement pages refer to the compilation report?
  • How should a departure from the applicable reporting framework be communicated?
  • How should a going concern issue be communicated?
  • How does the use of the tax basis of accounting alter the compilation report?
  • What are the minimum work paper requirements?
  • Are you required to make inquiries in a compilation engagement?

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About the Author

Charles Hall is a practicing CPA and Certified Fraud Examiner. For the last thirty years, he has primarily audited governments, nonprofits, and small businesses.He is the author of The Little Book of Local Government Fraud Prevention and Preparation of Financial Statements & Compilation Engagements. He frequently speaks at continuing education events.Charles is the quality control partner for McNair, McLemore, Middlebrooks & Co. where he provides daily audit and accounting assistance to over 65 CPAs. In addition, he consults with other CPA firms, assisting them with auditing and accounting issues.

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