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Compilation and Review Standards

Compilation and Review Standards 


Copyright American Institute of Certified Public Accountants, Inc. Access the copyright permission information.

View additional resources and guidance.

Statements on Standards for Accounting and Review Services (SSARSs) are issued by the AICPA Accounting and Review Services Committee (ARSC), the senior technical committee of the AICPA designated to issue pronouncements in connection with the unaudited financial statements or other unaudited financial information of a nonpublic entity. AICPA Council has designated ARSC as a body to establish technical standards under Rule 202 of the Institute's Code of Professional Conduct.

Interpretations are issued to provide guidance on the application of SSARSs. Interpretations are issued after all members of ARSC have been provided an opportunity to consider and comment on whether the proposed interpretation is consistent with SSARSs. An interpretation is not as authoritative as a SSARS, but members should be aware that they may have to justify a departure from an interpretation if the quality of their work is questioned.

These standards and related interpretations are current as of June 1, 2011. View interpretations issued after June 1, 2011.

Original
Standard
No.

Title & Synopsis Section in
Professional
Standards
Interpretations (if applicable)

SSARS No. 2 (as amended by SSARS Nos. 3, 4, 5, 7, 11, 12, 15, 17, and 19)

Reporting on Comparative Financial Statements
This section establishes standards for reporting on comparative financial statements of a nonissuer when financial statements of one or more periods presented have been compiled and reported on or reviewed in accordance with SSARS No. 19.

AR sec. 200

AR sec. 9200

 

SSARS No. 3 (as amended by SSARS Nos. 5 , 7, 15, 17, and 19)

Compilation Reports on Financial Statements Included in Certain Prescribed Forms
This section provides for an alternative form of standard compilation report when the prescribed form or related instructions call for departure from generally accepted accounting principles.

AR sec. 300

AR sec. 9300

SSARS No. 4 (as amended by SSARS Nos. 7, 9, 15, 17, and 19)

Communications Between Predecessor and Successor Accountants
This section provides guidance on communications between a predecessor and successor accountant when the successor accountant decides to communicate with the predecessor accountant regarding acceptance of an engagement to compile or review the financial statements of a nonissuer.

AR sec. 400

AR sec. 9400

 

SSARS No. 6 (as amended by SSARS No. 19)

Reporting on Personal Financial Statements Included in Written Personal Financial Plans
This section provides provides an exemption from SSARS No. 19 for personal financial statements that are included in written personal financial plans prepared by an accountant.

AR sec. 600

AR sec. 9600

SSARS No. 13 (as amended by SSARS Nos. 17 and 19)

Compilation of Specified Elements, Accounts, or Items of a Financial Statement
This section expands the standards to apply when an accountant is engaged to compile or issues a compilation report on one or more specified elements, accounts, or items of a financial statement.

AR sec. 110

 

SSARS No. 14 (as amended by SSARS Nos. 17 and 19)

Compilation of Pro Forma Financial Information
This section expands the standards to apply when an accountant is engaged to compile or issues a compilation report on pro forma financial information.

AR sec. 120

 

SSARS No. 19

Framework for Performing and Reporting on Compilation and Review Engagements
This section establishes a framework for the performance and reporting on compilation and review engagements.

AR sec. 60

Compilation of Financial Statements
This section establishes standards and provides guidance on compilations of financial statements.

AR sec. 80

AR sec. 9080

Review of Financial Statements
This section establishes standards and provides guidance on reviews of financial statements.

AR sec. 90

AR sec. 9090

SSARS No. 20

Revised Applicability of Statements on Standards for Accounting and Review Services
This section amends paragraph .01 of AR section 90 so that SSARSs do not apply when the provisions of SAS No. 100, Interim Financial Information, as amended by SAS No. 116, Interim Financial Information, and SAS No. 121, Revised Applicability of Statement on Auditing Standards No. 100, Interim Financial Information, apply.

AR sec. 90


 

 

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ARSC Meeting Materials and Highlights

Meeting Materials :  Meeting materials for meetings of the Accounting and Review Services Committee.
Published on May 23, 2012

Accounting and Review Services Committee

Overview :  ARSC is an AICPA senior committee for compilations or reviews and is designated to issue pronouncements in connection with the unaudited financial statements or other unaudited financial information of nonpublic entities.
Published on May 16, 2012

Meeting Agenda and Materials for June 11, 2012 ARSC Conference Call Meeting

Article :  Meeting Date:  June 11, 2012 Place:  Via Conference Call Time:  9:00am-12:00pm (Eastern Time Zone) Dial in information will be sent to registrants
Published on May 14, 2012

Meeting Agenda and Materials for May 8-10, 2012 ARSC Meeting

Meeting Materials :  Agenda Agenda Item #1 - Discussion Memorandum with respect to the Proposed clarified Compilation SSARS and proposed clarified Association SSARS Agenda Item 1A - Draft proposed clarified SSARS Compilation of Financial Statements -
Published on April 30, 2012

ARSC Member Biographies

Biography :  ARSC consists of 7 members, all of whom are AICPA members. Members are appointed to achieve an appropriate representation among small and medium firms actively involved in the provision of compilation and review services.
Published on February 21, 2012

Operating Policies of the Accounting and Review Services Committee

Article :  Operating Policies of the Accounting and Review Services Committee.
Published on January 27, 2012

Meeting Agenda and Materials for November 8-10, 2011 ARSC Meeting

Meeting Materials :  Agenda Agenda Item #1 - Discussion Memorandum with respect to the Proposed SSARS, Compilation of Financial Statements  Agenda Item 1A - Draft proposed clarified SSARS, Compilation of Financial Statements redline to show changes to the dr
Published on November 04, 2011

Recently Issued Compilation and Review Interpretations of the SSARSs

Article :  Compilation and Review Interpretations of Statements on Standards for Accounting and Review Services (SSARSs) are Interpretative Publications pursuant to AR section 50, Standards for Accounting and Review Services. View Recently Issued Compilation and Review Interpretations of the SSARSs.
Published on October 17, 2011

Compilation and Review Standards

Article :  Copyright American Institute of Certified Public Accountants, Inc. Access the copyright permission information. View additional resources and guidance.
Published on October 13, 2011

AR section 9090

Professional Standards :  This section includes the interpretations of AR section 90.
Published on October 13, 2011

AR section 9080

Professional Standards :  This section includes interpretations of AR section 80.
Published on October 13, 2011

AR section 90

Professional Standards :  This section establishes standards and provides guidance on reviews of financial statements.
Published on October 13, 2011

AR section 80

Professional Standards :  This section establishes standards and provides guidance on compilations of financial statements.
Published on October 13, 2011

AR section 60

Professional Standards :  This section provides a framework and defines and describes the objectives and elements of compilation and review engagements. This section also sets forth the meaning of certain terms used in Statements on Standards for Accounting and Review Services (SSARSs) issued by the Accounting and Review Services Committee (ARSC) in describing
Published on October 13, 2011

AR section 9600

Professional Standards :  This section includes all of the interpretations of AR section 600.
Published on October 13, 2011

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