The recent updates to Statements on Standards for Accounting and Review (SSARs) have changed how SSARs engagements are conducted. In addition to compilation and review services, practitioners can now offer preparation services that allow them to offer financial statement services in streamlined and more flexible procedures.
• Identify the changes that have taken place in compilation and review engagements
• Perform the services related to SSARS standards
• General principles for engagements performed in accordance with SSARS
• Preparation of financial statements
• Compilation engagements
• The performance of review engagements