Du er ikke logget ind
Beskrivelse
This guide provides authoritative guidance on preparation, compilation and review engagements in compliance with the newly effective SSARS No. 21. This new standard makes substantial changes to compilation engagements, and introduces the new preparation standard, and greatly impacts accountants in public practice who prepare financial statements.
This resource will assist CPAs with interpreting and applying SSARS 21.
Key Benefits:
Helps you in incorporating the latest developments and establishing best–practices in your practiceProvides interpretive guidance and implementation strategies for all preparation, compilation and review engagementsContains Q&As on compilation reporting requirements when independence is impairedDiscusses the implications of the ′Nonattest Services′ subtopic (AICPA, Professional Standards, ET section 1.295) of the ′Independence Rule′ (AICPA, Professional Standards, ET sec. 1.200.001)Includes practical tools and resources , including updated illustrative engagement and representation letters and accountants′ reports, detailed illustrative client inquiries and illustrative analytics for reviewsExposes potential pitfalls associated with independence and ethics requirements. Updates:
Updated guidance on accountant’s review report when the review was conducted in accordance with both SSARS and ISRE 2400 (Revised), resulting from the issuance of Interpretation No. 1Additional illustrative accountant’s reports covering a wide range of practice scenariosAdded guidance on communication with predecessor accountant Who Will Benefit:
B&I financial managers may use this guide to prepare for financial statement review, compilation, or preparation engagementsCPAs in public practice will use this guide to assist in the implementation of SSARS 21 in the performance of preparation, compilation, and review engagements, and update their knowledge in the subject matter