How SSARS 27 Makes Things Better for CPAs
In April 2025, the AICPA’s Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review…
Preparation engagements can be performed by CPAs to issue financial statements to clients. AR-C 70 provides the professional guidance for this type of service. In preparation engagements, the CPA issues the financial statements without a compilation report (or any other type of report), though a disclaimer is provided either at the bottom of each financial statement page or preceding the financial statements as a whole. Additionally, the disclaimer must state that “no assurance is provided.”
Preparation of Financial Statements (AR-70) is often used as an alternative to Compilations (AR-80). Both services require a signed engagement letter.
In April 2025, the AICPA’s Accounting and Review Services Committee (ARSC) issued Statement on Standards for Accounting and Review…
Are you wondering how to present supplementary information in compilation and preparation engagements? What supplementary information (SI) should be included?…
Are you looking for preparation of financial statement assistance? How about compilation engagement guidance? If you are a CPA…
Are you aware of the option in the SSARS titled Preparation of Financial Statements (AR-C 70)? Many CPAs still…
What is the most efficient way to issue financial statements? Tax basis financial statements without disclosure, using the Preparation…
In this article, I provide information about various special purpose reporting frameworks (e.g., cash basis, modified-cash basis, and income…
Do you ever want to include just one disclosure in your financial statements without providing all the notes? Selected disclosures can be…
What financial statement references are required at the bottom of financial statement pages? Is there a difference in the…
Which standards apply when you prepare financial statements? The AICPA Accounting and Review Services Committee added a section to…