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Publications

Codification of Statements on Standards for Accounting and Review Services

Publisher: AICPA
  • $49.00-$59.00
    Codification of Statements on Standards for Accounting and Review Services In Stock Product #: ACODSSARS16P
    AICPA Member: $49.00
    Non-Member: $59.00
  • $39.00-$49.00
    Codification of Statements on Standards for Accounting and Review Services eBook Download Product #: ACODSSARS16E
    AICPA Member: $39.00
    Non-Member: $49.00

This 2016 edition includes the authoritative standards and interpretations applicable to preparation, compilation, and review engagements. These standards provide the requirements  for practitioners performing these engagements.

Since the highly anticipated release of SSARS No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, practitioners have been preparing for the most significant revisions to the nonaudit literature in over 35 years. SSARS No. 21 completely superseded all prior standards except for those pertaining to the compilation of pro forma financial information. The more significant changes attributed to SSARS No. 21 include:

  • Introduction of a new type of engagement for practitioners to prepare financial statements in accordance with SSARSs 
  • Revisions to the applicability of the compilation engagement, moving away from being submission driven to engagement driven

This codification delivers SSARS No. 21 in the traditional codified format, complete with the following sections:

  • AR-C Section 60, General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services
  • AR-C Section 70, Preparation of Financial Statements
  • AR-C Section 80, Compilation Engagements
  • AR-C Section 90, Review of Financial Statements

New since the previous edition is Interpretation No. 1, “Considerations Related to Reviews Performed in Accordance With International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements,” of AR-C section 90, Review of Financial Statements.

You’ll find that this codification is fully indexed and arranged by subject. The guidance (and related interpretations to the extent applicable) help you apply the standards in specific circumstances and clearly show amendments, deleted or superseded portions, and conforming changes due to the issuance of other authoritative guidance.

Who Will Benefit:

  • Accountants performing preparation, compilation, or review engagements in accordance with SSARS

System Requirements

About the Publisher

AICPA

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.