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Compilation Services

If you perform compilation engagements, the information and resources here will help you stay informed of changes to compilation standards, perform your compilation engagements, and be aware of common pitfalls in these engagements. The Accounting and Review Services Committee promulgates Statements on Standards for Accounting and Review Services (SSARS) and, as a part of its due process, releases Exposure Drafts of proposed SSARS. The AICPA also issues interpretive and other publications to assist practitioners in understanding and applying the standards.

If you perform compilation engagements, the information and resources here will help you stay informed of changes to compilation standards, perform your compilation engagements, and be aware of common pitfalls in these engagements.

The Accounting and Review Services Committee promulgates Statements on Standards for Accounting and Review Services (SSARS) and, as a part of its due process, releases Exposure Drafts of proposed SSARS. The AICPA also issues interpretive and other publications to assist practitioners in understanding and applying the standards.


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	PEEC and SSARS Exposure Draft Comment Letters Available The comment period has closed on the following exposure drafts issued by the Professional Ethics Executive Committee and Accounting and Review Services Committee. The comment letters are available online. Proposed Revised and New Interpretations and Proposed Deletion of Ethics Rulings Proposed Statements on Standards for Accounting and Review Services Association With Unaudited Financial Statements; Compilation of Financial Statements; and Compilation of Financial Statements—Special Considerations More resources on the exposure drafts and their implications, including the informational whitepaper "Preparation as a Nonattest Service: What Does it Mean and Why Should I Care?" authored by Chuck Landes, Vice President - Professional Standards and Services, are also available.


	SSARS Clarity Project The Accounting and Review Services Committee (ARSC) is clarifying the SSARSs utilizing the clarity drafting conventions adopted by the Auditing Standards Board in its project to clarify the auditing standards. The ARSC will separately consider convergence with international standards once the International Auditing and Assurance Standards Board completes its revision of the international compilation and review literature. Track ARSC's progress.

Tools and Resources

	Standards Tracker In an effort to keep its members informed, the AICPA has created a Standards Tracker. This tool will keep members up to date regarding the most recent guidance made available by standard setters, filtered in order to give you only what you need to know.


	*SSARS No. 19, Compilation and Review Engagements* Resources** This compilation and review standard includes the most significant changes since 1978. “The new standard makes important changes that should be welcomed and applauded by many smaller firm practitioners,” says Carol McNerney, chair of ARSC and a partner with the firm of SS&G Financial Services in Akron, Ohio. The final standard became effective for periods ending on or after December 15, 2010. Additional resources are available on SSARS No. 19. Looking for a tool to assist in your review of a compilation engagement? This checklist has been updated to reflect the new requirements of Statements on Standards for Accounting and Review Services (SSARS) No. 19, Compilation and Review Engagements to ensure your engagements are in compliance with the latest standards.

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