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  • 2 years ago
Episode 4 - Questions and Answers - SSARS 21 Preparation of Financial Statements

Episode 4 - Questions and Answers - SSARS 21 Preparation of Financial Statements

CPAs have had many questions about the use of AR-70, Preparation of Financial Statements. Those questions include:
When is the standard applicable?
What work papers must I retain?
Is an engagement letter required?
What should the preparation report look like?
Should I include a disclaimer page?
How do I communicate departures from the applicable basis of accounting?
Can I add supplementary information?
Can AR-C 70 be used in reference to prescribed forms? 
Today we answer your most pressing questions about using the SSARS 21 preparation standard.

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