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Thomson Reuters Checkpoint Issues Special Report on SSARS 21

by Jason Bramwell | Aug 04, 2015   ()

special report released on July 30 by Thomson Reuters Checkpoint focuses on significant changes to the Statements on Standards for Accounting and Review Services (SSARS) 21 to help CPAs avoid potential pitfalls and noncompliance when the new guidance takes effect on Dec. 15.

The report, The Potential Pitfalls of SSARS 21, highlights and provides detailed analyses of some of the major revisions affecting the standards for practitioners who prepare financial statements for their clients. It focuses on the significant review changes, responsibilities, and differences between engagements, and actual preparation services provided by AR-C Section 70, AR-C Section 80, and AR-C Section 90. The report also looks at the new formatting and content requirements of a standard compilation report under the new standards.

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Source: AccountingWEB
Source: AccountingWEB

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