Preparation, Compilation, and Review Engagements Guide

Publisher: AICPA
  • $69.00-$89.00
    Preparation, Compilation, and Review Engagements Guide In Stock Product #: AAGCRV16P
    AICPA Member: $69.00
    Non-Member: $89.00
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    Preparation, Compilation, and Review Engagements Guide eBook Download Product #: AAGCRV16E
    AICPA Member: $59.00
    Non-Member: $69.00
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    Preparation, Compilation, and Review Engagements Guide Online Access Product #: WRC-XX
    AICPA Member: $59.00
    Non-Member: $69.00

This guide provides authoritative guidance on preparation, compilation and review engagements in compliance with the newly effective SSARS No. 21. This new standard makes substantial changes to compilation engagements, and introduces the new preparation standard, and greatly impacts accountants in public practice who prepare financial statements.

This resource will assist CPAs with interpreting and applying SSARS 21.

Key Benefits

  • Helps you in incorporating the latest developments andestablishing best-practicesin your practice
  • Provides interpretive guidance and implementation strategies for all preparation, compilation and review engagements
  • Contains Q&As on compilation reporting requirements when independence is impaired
  • Discusses the implications of the 'Nonattest Services' subtopic (AICPA, Professional Standards, ET section 1.295) of the 'Independence Rule' (AICPA, Professional Standards, ET sec. 1.200.001)
  • Includes practical tools and resources, including updated illustrative engagement and representation letters and accountants' reports, detailed illustrative client inquiries and illustrative analytics for reviews
  • Exposes potential pitfalls associated with independence and ethics requirements


  • Updated guidance on accountant's review report when the review was conducted in accordance with both SSARS and ISRE 2400 (Revised), resulting from the issuance of Interpretation No. 1
  • Additional illustrative accountant's reports covering a wide range of practice scenarios
  • Added guidance on communication with predecessor accountant

Who Will Benefit?

  • B&I financial managers may use this guide to prepare for financial statement review, compilation, or preparation engagements
  • CPAs in public practice will use this guide to assist in the implementation of SSARS 21 in the performance of preparation, compilation, and review engagements, and update their knowledge in the subject matter


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This product is also available in an online subscription format that includes the corresponding Developments in Preparation, Compilation, and Review Engagements 2016/17, content updates and unlimited online access for 1 year. Select the Online Subscription option and save!

Information about the eBook option

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About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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