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Preparation, Compilation & Review

SSARS

The Statements on Standards for Accounting and Review Services (SSARS) provide guidance in performing preparation of financial statements, compilation, and review engagements. SSARS engagements tend to take much less time than audits and can be provided at a lesser cost. These services are not, however, as rigorous as an audit. The SSARS are issued by the AICPA.

CPAs can provide any of the following services as provided for in the SSARS:

Preparation Engagement

AR-C 70 provides guidance for preparation of financial statement engagements. This standard allows CPAs to issue financial statements without a compilation report. A disclaimer (no assurance is provided) is required. Disclosures to the financial statements are not required. The CPA need not be independent.

Compilation Engagement

AR-C 80 provides guidance for compilation engagements. The CPA usually assists with the preparation of financial statements and then reads them to see if they appear appropriate. Disclosures to the financial statements are not required. A compilation report is required. The CPA need not be independent.

Review Engagement

AR-C 90 provides guidance for review engagements. The CPA usually assists with the preparation of financial statements and then makes inquiries and creates analytics. These procedures provide the basis for a limited assurance report. A review report is required. The financial statements are full-disclosure. The CPA must be independent.

Here are my SSARS articles to assist you in your work.

Preparation Articles

AR-C 70

financial statement references

Accounting, Preparation, Compilation & Review

Financial Statement References (at the Bottom of the Page)

What financial statement references are required at the bottom of financial statement

AR-C 70

Preparation, Compilation & Review

AR-C 70: Preparation of Financial Statements Engagement

Are you aware of the option in the SSARS titled Preparation of

Preparation, Compilation & Review

Preparing Financial Statements: Which Standards Apply?

Which standards apply when you prepare financial statements? The AICPA Accounting and

SSARS 21

Preparation, Compilation & Review

SSARS 21: What Have We Learned?

SSARS 21 has been in existence since October 2014. What have we

Printing Financial Statements From QuickBooks

Preparation, Compilation & Review

SSARS 21 and Printing Financial Statements from Quickbooks

Are you wondering if printing financial statements from QuickBooks triggers a compilation

SSARS 23 changes preparation and compilation standards

Preparation, Compilation & Review

SSARS 23 Changes Preparation and Compilation Engagements

SSARS 23 changes preparation and compilation engagements. The article summarizes the effects

selected disclosures

Preparation, Compilation & Review

Selected Disclosures in Preparation and Compilation Engagements

Do you ever want to include just one disclosure in your financial statements without

How to Present Supplementary Information in Compilation and Preparation Engagements

Preparation, Compilation & Review

Supplementary Information: Compilation and Preparation Engagements

Are you wondering how to present supplementary information in compilation and preparation

efficient way to issue financial statements

Preparation, Compilation & Review

Issue Financial Statements in the Most Efficient Way

What is the most efficient way to issue financial statements? Tax basis

Bookkeeping, preparations, compilations

Preparation, Compilation & Review

Bookkeeping, Preparations, Compilations, and Review Engagements: Questions and Answers

Today, we’ll answer various questions regarding bookkeeping, preparations, compilations, and review engagement.

Special Purpose Reporting Frameworks

Accounting and Auditing, Preparation, Compilation & Review

Which Special Purpose Reporting Framework Should I Use?

You’ve been contacted by your client to prepare their financial statements and

Compilation Articles

AR-C 80

financial statement references

Accounting, Preparation, Compilation & Review

Financial Statement References (at the Bottom of the Page)

What financial statement references are required at the bottom of financial statement

peer reviewers focus on independence

Auditing, Preparation, Compilation & Review

Peer Reviewers Focus on Independence Documentation

Peer reviewers focus on independence documentation. Today I’ll provide you with examples

going concern

Preparation, Compilation & Review

Going Concern in Compilation and Review Engagements

Do you need to concern yourself with going concern in compilation and

Perform compilation engagement

Preparation, Compilation & Review

AR-C 80: How to Perform Compilation Engagements

Knowing how to perform compilation engagements is important for CPAs. Below I

10 Steps to Make Work Papers Sparkle

Accounting and Auditing, Preparation, Compilation & Review

10 Steps to Make Work Papers Sparkle

In this post, I provide ten steps to make work papers sparkle.

Preparation, Compilation & Review

Preparing Financial Statements: Which Standards Apply?

Which standards apply when you prepare financial statements? The AICPA Accounting and

SSARS 21

Preparation, Compilation & Review

SSARS 21: What Have We Learned?

SSARS 21 has been in existence since October 2014. What have we

Printing Financial Statements From QuickBooks

Preparation, Compilation & Review

SSARS 21 and Printing Financial Statements from Quickbooks

Are you wondering if printing financial statements from QuickBooks triggers a compilation

SSARS 23 changes preparation and compilation standards

Preparation, Compilation & Review

SSARS 23 Changes Preparation and Compilation Engagements

SSARS 23 changes preparation and compilation engagements. The article summarizes the effects

Lacking Independence

Preparation, Compilation & Review

Compilations: Lacking Independence in the Current or Prior Period

Do you lack independence in a compilation engagement? If yes, then here’s

selected disclosures

Preparation, Compilation & Review

Selected Disclosures in Preparation and Compilation Engagements

Do you ever want to include just one disclosure in your financial statements without

How to Present Supplementary Information in Compilation and Preparation Engagements

Preparation, Compilation & Review

Supplementary Information: Compilation and Preparation Engagements

Are you wondering how to present supplementary information in compilation and preparation

Bookkeeping, preparations, compilations

Preparation, Compilation & Review

Bookkeeping, Preparations, Compilations, and Review Engagements: Questions and Answers

Today, we’ll answer various questions regarding bookkeeping, preparations, compilations, and review engagement.

Pro Forma Information

Preparation, Compilation & Review

Are You Up to Speed on the New Pro Forma Information Standard?

The Accounting and Review Services Committee (ARSC) issued SSARS 22 Compilation of

Special Purpose Reporting Frameworks

Accounting and Auditing, Preparation, Compilation & Review

Which Special Purpose Reporting Framework Should I Use?

You’ve been contacted by your client to prepare their financial statements and

Review Articles

AR-C 90

AR-C 90 review engagements

Preparation, Compilation & Review

AR-C 90: How to Perform Review Engagements

Review engagements provide limited assurance using AR-C 90, Review of Financial Statements. And

financial statement references

Accounting, Preparation, Compilation & Review

Financial Statement References (at the Bottom of the Page)

What financial statement references are required at the bottom of financial statement

peer reviewers focus on independence

Auditing, Preparation, Compilation & Review

Peer Reviewers Focus on Independence Documentation

Peer reviewers focus on independence documentation. Today I’ll provide you with examples

going concern

Preparation, Compilation & Review

Going Concern in Compilation and Review Engagements

Do you need to concern yourself with going concern in compilation and

10 Steps to Make Work Papers Sparkle

Accounting and Auditing, Preparation, Compilation & Review

10 Steps to Make Work Papers Sparkle

In this post, I provide ten steps to make work papers sparkle.

Preparation, Compilation & Review

Preparing Financial Statements: Which Standards Apply?

Which standards apply when you prepare financial statements? The AICPA Accounting and

Bookkeeping, preparations, compilations

Preparation, Compilation & Review

Bookkeeping, Preparations, Compilations, and Review Engagements: Questions and Answers

Today, we’ll answer various questions regarding bookkeeping, preparations, compilations, and review engagement.

Special Purpose Reporting Frameworks

Accounting and Auditing, Preparation, Compilation & Review

Which Special Purpose Reporting Framework Should I Use?

You’ve been contacted by your client to prepare their financial statements and

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