AR-C 90: Definitive Guide to Review Engagements
Review engagements provide limited assurance using AR-C 90, Review of Financial Statements. And these engagements can be done with much…
10 Steps to Better Audit Workpapers
In this post, I provide ten steps to better audit workpapers. Have you ever been insulted by a work…
SSARS 25: Materiality and Adverse Conclusions
The AICPA has issued SSARS 25. It is titled Materiality in a Review of Financial Statements and Adverse Conclusions….
An Introduction to Special Purpose Reporting Frameworks
In this article, I provide information about various special purpose reporting frameworks (e.g., cash basis, modified-cash basis, and income…
Required Financial Statement References
What financial statement references are required at the bottom of financial statement pages? Is there a difference in the…
Independence in Attest Engagements
Independence in attest engagements in critical. Peer reviewers continue to focus on independence documentation. Today I’ll provide you with…
Going Concern in Compilation and Review Engagements
Do you need to concern yourself with going concern in compilation and review engagements? Yes, if the financial statements…
Preparing Financial Statements: Which Standards Apply?
Which standards apply when you prepare financial statements? The AICPA Accounting and Review Services Committee added a section to…
Bookkeeping, Preparations, Compilations, and Reviews
Today, we’ll answer various questions regarding bookkeeping, preparations, compilations, and review engagement. Q: Should I issue management letters for…