Compilation and review


The AICPA Accounting and Review Services Committee (ARSC) exposed for public comment proposed Statements on Standards for Accounting and Review Services (SSARS) as part of its clarity project.

ARSC separated the proposals in an attempt to make the clarified standards easier to use, understand, and implement. The proposed SSARS Review of Financial Statements addresses areas that are applicable to a basic review engagement. The proposed SSARS Review of Financial Statements—Special Considerations addresses areas that are encountered less frequently.

The proposed SSARSs would supersede paragraphs 1.07 to 1.08 and 3.01 to 3.73 of SSARS No. 19, Compilation and Review Engagements (see AICPA, Professional Standards, AR Sec. 60 and AR Sec. 90).

Comments on the ED, which is available at tinyurl.com/b2v5jjm, are due April 26.

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QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.