AICPA Proposes New Compilation Standards

The American Institute of CPAs Accounting and Review Services Committee has issued three proposed Statements on Standards for Accounting and Review Services, or SSARS, related to prospective and pro forma financial information.

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Dave Tate, Esq. comments. I don’t get this. SSARS 21 is just now being implemented. Now more changes? This doesn’t look good for the auditing profession.