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    The Financial Reporting Center helps CPAs meet the challenges of providing high quality financial reporting. Whether you are a financial statement preparer or a member in public practice, this center provides resources for the entire financial reporting process providing you the information you need to know when you need it.


    Statement on Standards for Accounting and Review Services No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification

    Statement on Standards for Accounting and Review Services No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification was issued in October 2014. SSARS No. 21 represents the AICPA’s Accounting and Review Services Committees efforts to clarify and revise the standards for reviews, compilations, and engagements to prepare financial statements. SSARS No. 21 includes significant revisions that affect the standards for accountants in public practice who prepare financial statements for their clients.

    Learn more about SSARS No. 21 or access the Executive Summary.

    For more information visit the AICPA's Accounting and Review Services Committee Clarity Project area.


    Enhancing Audit Quality - Free Practice Aid
    The AICPA recently launched its Enhancing Audit Quality initiative to assist practitioners in maintaining and improving audit excellence. As part of the initiative, the Institute is pleased to provide an e-version of the Practice Aid Establishing and Maintaining a System of Quality Control for a CPA Firm’s Accounting and Auditing Practice, at no charge.
    FRF for SMEs™ Toolkits
    The AICPA has released several toolkits designed to help implement the FRF for SMEs™ accounting framework:

    Concerns Regarding Comfort Letters
    Increasingly, CPAs are receiving requests from clients, lenders, loan brokers, health insurance providers, adoption agencies, regulators, and various other agencies to confirm client information. The AICPA is here to help and has gathered information in order to assist members.

    Accounting & Financial Reporting 

    CPAs are facing unprecedented changes in financial reporting. Transactions are more complex; economic and regulatory forces demand higher-quality reporting; and FASB convergence efforts propose major changes to U.S. GAAP. Stay up to date through these resources.

    Compilation, Review and Preparation 

    Compilations, reviews and preparation services represent a large portion of many small and medium size firms’ services. Ensure you have the resources needed to execute these engagements.



    This two-minute video highlights the features and benefits of the AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities.

    More on AICPA TV

    Audit & Attest 

    Keeping up with accounting and attest standards consistently ranks as a top member need. Let us help with these resources.

    Key differences exist between the resources available on the Financial Reporting Center for audits, compilations and reviews. The AICPA has developed a comparative overview of the distinctions for when your clients have questions about the levels of services.

    Assurance & Advisory 

    The Assurance Services Executive Committee addresses the needs of CPAs who prepare or attest to information not covered by other authoritative standards.


    Industry Insights

    Knowing you need information specific to your industry or your clients' industries, Industry Insights provides financial reporting information for topics important to your industry.
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