Audits Versus Examinations A Primer And A Look At Forthcoming Changes
Many practitioners have been performing attest engagements for their clients under the SSAEs for years. However, practitioners are sometimes asked to perform an examination of subject matter where, depending on the subject matter, it is sometimes unclear what standards should be followed.
Published on March 19, 2014
Some Frequently Asked Questions and Answers
Recently, several questions have been raised related to how certain technical literature guidance should be implemented appropriately. These questions relate to subsequent events issues, material uncertainty issues, and independence issues.
Published on January 06, 2010
Service Organization Control (SOC) Reporting Focusing On Some Engagement Issues
In 2011, to provide the framework for practitioners to examine controls and to help management understand the related risks, the AICPA established three Service Organization Control® [SOC] reporting options [SOC 1, SOC 2 and SOC 3 reports
Published on January 15, 2014
New Technical Practice Aid Guidance Compilation Reports & SBLF Audit Reports
Over the past several months, the AICPA audit and attest services team has released several different Technical Practice Aids [TPAs] addressing a variety of attest engagement issues
Published on February 29, 2012
New Guidance for Compilation/Review Engagements
At its November 2009 meeting, the Accounting and Review Services Committee [ARSC] voted to finalize SSARS No. 19, entitled Compilation and Review Engagements
Published on November 25, 2009
SSAE No. 16 Some Implementation Questions & Answers
Since the guidance in SSAE No. 16 can be early-implemented, several questions associated with the guidance have been asked, and many of those questions are addressed in these materials.
Published on June 09, 2010
SSARS NO. 21 ISSUED Major Changes for Accountants Who Prepare Financial Statements
On October 23, 2014, the ARSC released SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification which represents ARSC’s efforts to clarify and revise the standards for reviews, compilations, and engagements to prepare financial statements
Published on October 30, 2014
SSARS No. 19 Some Implementation Questions and Answers
While many of the planned changes to the technical literature never made it to the final document, the guidance in SSARS No. 19 does include a significant number of changes that impact the performance of compilation and review engagements, along with how practitioners should report at the conclusion of those
Published on January 06, 2010
SSARS No. 21 Frequently Asked Questions and Answers
To further help our members understand and implement SSARS No. 21, we present some frequently asked questions and our answers to those questions.
Published on February 18, 2015
Performing Review Engagements A Reminder About Some Practice Issues
It sometimes is noticed that practitioners face greater challenges in complying with review engagement technical literature when compared to compilation and audit engagement technical literature requirements.
Published on August 14, 2013