Compilation & Review Guides

AICPA Guides summarize new standards, guidance, and practices and deliver "how-to" advice for handling accounting, auditing, attestation, compilation, review, and valuation issues.

AICPA Guides are authoritative with respect to:

Audit Guidance in accordance with AU-C section 200, Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards
Compilation and Review Guidance in accordance with AR section 60, Framework for Performing and Reporting on Compilation and Review Engagements
Attestation Guidance in accordance with AT section 50, SSAE Hierarchy

Guides include relevant guidance contained in official standards and other technical sources, and offer practical guidance on recent developments. All content is reviewed by subject matter and industry experts and approved by the appropriate AICPA senior committee(s).

Select a specific guide, or AICPA guide family, for more information.

Accounting & Valuation Guides

Audit Guides

Audit & Accounting Guides

Compilation & Review Guides

Other Guides

Assets Acquired to Be Used in Research and Development Activities

Testing Goodwill for Impairment (under development)

Valuation of Privately Held Company Equity Securities Issued as Compensation (under development)

Analytical Procedures

Assessing and Responding to Audit Risk in a Financial Statement Audit

Audit Sampling

Auditing Revenue in Certain Industries

Government Auditing Standards and Circular A-133 Audits

Special Considerations in Auditing Financial Instruments

Airlines

Brokers and Dealers in Securities

Construction Contractors

Depository and Lending Institutions: Banks and Savings Institutions, Credit Unions, Finance Companies, and Mortgage Companies

Employee Benefit Plans

Entities With Oil and Gas Producing Activities

Gaming (formerly, Casinos)

Health Care Entities

Investment Companies

Life and Health Insurance Entities

Not-for-Profit Entities

Property and Liability Insurance Entities

State and Local Governments

Compilation and Review Engagements

Prospective Financial Information

Reporting on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality, or Privacy (SOC 2)

Service Organizations: Applying SSAE No. 16, Reporting on Controls at a Service Organization (SOC 1)

Compilation and Review Guides

Compilation and Review Engagements

The AICPA Guide Compilation and Review Engagements summarizes standards, guidance, and practices, and delivers “how-to” advice for handling issues commonly encountered by accountants when performing compilation and review engagements.

Updated as of March 1, 2012, the guide features content to assist practitioners in successfully applying the requirements and guidance promulgated in, among others, SSARS No. 19. The guide includes illustrative engagement and representation letters, illustrative accountants compilation and review reports, detailed illustrations (including illustrative client inquiries), and case studies. An exhibit on performing compilation and review engagements on personal financial statements and Q & As regarding compilation reporting requirements when independence is impaired is included. A whitepaper on understanding internal control and internal control services is also included as an appendix in the guide. The guide was developed by industry experts and was approved by the AICPA’s Accounting and Review Services Committee.

Updates significant to this edition include technical guidance contained in:

Interpretation No. 17, “Required Supplementary Information That Accompanies Compiled Financial Statements,” of AR section 80
Interpretation No. 11, “Required Supplementary Information That Accompanies Reviewed Financial Statements,” of AR section 90

The Online ordering option also includes electronic access to the companion product Compilation and Review Developments - 2012/2013 Compilation and Review Alert.

Paperback

Product# AAGCRV12P

Online

Product# WRCXX12

eBook

Product# AAGCRV12E