AUD – When is Written report not required?

  • Creator
    Topic
  • #1310780
    ahsq
    Participant

    Are there any situations where CPA’s written report is NOT required when doing ANY type of work for the client?

    There are just so many materials in my mind right now I need your help!

Viewing 6 replies - 1 through 6 (of 6 total)
  • Author
    Replies
  • #1310788
    GitRDone2017
    Participant

    Preparations?????

    "Confidence is going after Moby Dick in a rowboat and taking tartar sauce with you" - Zig Ziglar
    Ninja book + Ninja MCQ + Roger
    AUD Oct 2016
    FAR Nov 2016
    BEC ?
    REG?

    #1310801
    ahsq
    Participant

    preparation of what?

    i know that even with compilation WR is required and thats the lowest form of assurance…..

    #1310822
    GitRDone2017
    Participant

    Compilation's do not provide any assurance at all. Here is a link I found from AICPA:

    https://www.aicpa.org/interestareas/frc/reviewcompilationpreparation/pages/resources-for-ssars21.aspx

    "Confidence is going after Moby Dick in a rowboat and taking tartar sauce with you" - Zig Ziglar
    Ninja book + Ninja MCQ + Roger
    AUD Oct 2016
    FAR Nov 2016
    BEC ?
    REG?

    #1310854
    ahsq
    Participant

    not talking about assurances,
    i am talking about a written report, which is for the engagement to the client.

    any services that such WR is not required? may OCBOA? tax, consultation?

    #1310888
    GitRDone2017
    Participant

    Preparations do not require a written report. That link breaks the reports down to understandable terms 🙂

    "Confidence is going after Moby Dick in a rowboat and taking tartar sauce with you" - Zig Ziglar
    Ninja book + Ninja MCQ + Roger
    AUD Oct 2016
    FAR Nov 2016
    BEC ?
    REG?

    #1310894
    oxleyd
    Participant

    Written reports are NOT required when performing a preparation of financial statements (vs. a compilation or review of F/S, where written reports are required). This is covered under SSARS if you want to do a little more research on it.

    FAR - (4/11/2016)
    REG - (5/28/2016)
    AUD - 65 (2/1/2016)
    BEC - (7/11/2016)

Viewing 6 replies - 1 through 6 (of 6 total)
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