[hkumar117]

Hey everyone, I have a few questions regarding what a CPA is suppose to/allowed to do with unaudited financial statements when performing engagements in accordance with SSARS 21.

If compiling financial statements, is a CPA suppose to mark each page with “no assurance is provided”? Or is that only for preparation of financial statements?

If a CPA is engaged to review financial statements and they will be presented with supplementary information, do we have to mark “refer to review” on each page of the supplementary information?

Overall, I’m having a hard time understanding when to mark pages or when we are not allowed to perform such engagements when theres comparative information presented.

BEC - 79
AUD - 7/22/15
REG - 8/31/15
FAR - Sometime in November

[Hammer]

Compilation – Each financial statement has the footer “See Accountant's Compilation Report”

Review – Each financial statement has the footer “See Independent Accountant's Review Report”

If it's a review, and there is supplementary information and the supplementary information was subjected to the CPA's review procedures, then you just mention that in your accountant's review report.

If you are presenting comparative information and you did the current year and a prior accountant did the other year, again, you just mention that in your report, and indicate whether or not the prior year accountant discovered any material modifications needed in order for the statements to be in accordance with whatever basis of accounting the financial statements are on.

Basically, you modify your report for whatever type of engagement and situation you are in.

FAR - 70, 81
AUD - 83
BEC - 77
REG - 70, 78

Licensed in Ohio.

Now what the hell do I do?

[Author]

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