|AR-C section 60, General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services, sets forth the following three types of preparation, compilation and review publications and their authority:
- Statements on Standards for Accounting and Review Services (SSARSs): Authoritative per the “Compliance With Standards Rule” of the AICPA Code of Professional Conduct (ET sec. 1.310.001 and 2.310.001).
- Interpretive Publications: Issued under the authority of the Accounting and Review Services Committee; the accountant should consider applicable interpretative publications in the performance of a preparation, compilation, or review service.
- Other Preparation, Compilation and Review Publications: No authoritative status; however, other compilation and review publications may help the accountant understand and apply the SSARSs. In applying the guidance included in an other preparation, compilation and review publication, the accountant should, exercising professional judgment, assess the relevance and appropriateness of such guidance to the circumstances of the engagement. Other preparation, compilation and review publications that have not been reviewed by the AICPA Audit and Attest Standards staff that contradict an other preparation, compilation and review publication that has been reviewed by the AICPA Audit and Attest Standards staff is inappropriate.