AICPA – SSARS 21 – Compliation and Review Engagement Standards, and Benefits They Can Provide

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

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