Compilation and Review Update
Here’s a list of recent posts describing what’s going on in the comp and review world: proposed changes to compilation rules & report; a new “preparing” service, and highlights of 13/14 Comp and Review Alert.
Proposed changes to compilation rules:
- 4 SSARS exposure drafts
- Brief summary of proposed changes to compilation rules
- Proposed revision to compilation rules, including new reports
“Preparation” of financials”
- New level of service from CPAs – “Preparing” financial statements
- Proposal for “preparation” of financial statements will require signed, written engagement letters. Same requirement will apply to compilations.
Comp and Review alert highlights:
- Comp and Review alert for 2014 available
- Frequent issues on Reviews during peer reviews – from the 13/14 Comp and Review Alert
- Frequent issues on Compilations during peer reviews – from the 13/14 Comp and Review Alert