Recent Compilation and Review Issues 2024

Overview

The recent updates to Statements on Standards for Accounting and Review (SSARs) have changed how SSARs engagements are conducted. In addition to compilation and review services, practitioners can now offer preparation services that allow them to offer financial statement services in streamlined and more flexible procedures.

Highlights

• General principles for engagements performed in accordance with SSARS
• Preparation of financial statements
• Compilation engagements
• The performance of review engagements

Prerequisites

None

Designed For

Practitioners who perform preparations, compilations and reviews for non-public clients.

Objectives

• Identify the changes that have taken place in compilation and review engagements
• Perform the services related to SSARS standards

Preparation

None