New SSARS No. 21, new standards for accountants performing compilation and review engagements. Click on the following link for the article: www.aicpa.org.

Instead of the AICPA addressing the changes to and for accountants, I would like to see a discussion about the benefits that compilations and reviews provide.  The following discussion is somewhat dated – I will be updating it for SSARS No. 21 – however, it will help you begin to understand what compilations and reviews are, and the benefits that they can provide to executive officers, boards and audit committees, and other stakeholders: Compiled_and_Reviewed_Financial_Statements_Dave_Tate_CPA_Esq