Codification of Statements on Standards for Accounting and Review Services

This updated edition for accountants and auditors who perform engagements in accordance with SSARS includes the authoritative standards and interpretations applicable to preparation, compilation, and review engagements. The codification is fully indexed and arranged by subject. The guidance (and related interpretations to the extent applicable) will help accountants and auditors apply the standards in specific circumstances and clearly shows amendments, deleted or superseded portions, and conforming changes due to the issuance of other authoritative guidance.

In addition to SSARS No. 21, which is now effective, this guide includes the Statements on Standards for Accounting and Review Services (SSARS) through SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services—2018.

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession’s technical and ethical standards.
The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

How This Publication Is Organized 1

Statements on Standards for Accounting and Review Services (Clarified) [AR-C]

AR-C Cross-References to SSARSs 3

AR-C Introduction 5

Statements on Standards for Accounting and Review Services (Clarified) 15

60 General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 27

60A General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 47

70 Preparation of Financial Statements 65

80 Compilation Engagements 79

90 Review of Financial Statements 115

90A Review of Financial Statements 199

9090 Review of Financial Statements: Accounting and Review Services Interpretation of AR-C Section 90 275

100 Special Considerations—International Reporting Issues 277

120 Compilation of Pro Forma Financial Information 289

AR-C Appendixes 303

AR-C Topical Index 307

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