Compilation and Review Standards

    Compilation and Review Standards 


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    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, 2013.

    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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    Meeting Agenda and Materials for August 19-21, 2014 ARSC Meeting

    Meeting Materials Agenda Agenda Item #1 - Discussion Memorandum with respect to the proposed SSARSs Statements on Standards for Accounting and Review Services:  Clarification and Recodification as a final clarified SSARS Agenda Item #1A - Draft of the pro
    Published on July 17, 2014

    Accounting and Review Services Committee Overview

    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 July 09, 2014

    ARSC Meeting Materials and Highlights

    Meeting Materials Meeting materials for meetings of the Accounting and Review Services Committee.
    Published on July 02, 2014

    Meeting Agenda and Materials for May 20-22, 2014 ARSC Meeting

    Meeting Materials Agenda ARSC Operating Policies - redline showing suggested revisions Agenda Item #1 - Discussion Memorandum with respect to the Proposed SSARSs Preparation of Financial Statements; Compilation Engagements; and Association With
    Published on May 16, 2014

    Meeting Agenda and Materials for November 13-15, 2012 ARSC Meeting

    Meeting Materials Agenda Agenda Item #1 - Discussion memorandum with respect to the Proposed SSARSs Association With Unaudited Financial Statements, Compilation of Financial Statements, and Compilation of Financial Statements - Special Considerations Age
    Published on April 22, 2014

    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 December 16, 2013

    Compilation and Review Standards

    Overview Statements on Standards for Accounting and Review Services (SSARSs) are issued by the AICPA Accounting and Review Services Committee (ARSC), learn more about 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.
    Published on November 19, 2013

    AR section 9600

    Professional Standards This section includes all of the interpretations of AR section 600.
    Published on November 16, 2013

    AR section 600

    Professional Standards This section provides an exemption from AR section 100, as amended, for personal financial statements that are included in written personal financial plans prepared by an accountant.
    Published on November 15, 2013

    AR section 500

    Professional Standards Deleted, November 1992, by the issuance of SSARS No. 7.
    Published on November 15, 2013

    AR section 9400

    Professional Standards This section includes all of the interpretations of AR section 400.
    Published on November 15, 2013

    AR section 400

    Professional Standards 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.
    Published on November 15, 2013

    AR section 9300

    Professional Standards This section includes all of the interpretations of AR section 300.
    Published on November 15, 2013

    AR section 300

    Professional Standards This section amends AR section 100 and AR section 200 to provide for an alternative form of standard compilation report when the prescribed form or related instructions call for departure from generally accepted accounting principles.
    Published on November 15, 2013

    AR section 9200

    Professional Standards This section includes all of the interpretations of AR section 200.
    Published on November 15, 2013

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