Codification of Statements on Standards for Accounting and Review Services: Numbers 1 – 23

Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards. The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.

How This Publication Is Organized  1


STATEMENTS ON STANDARDS FOR ACCOUNTING AND REVIEW SERVICES (Clarified) [AR-C]


AR-C Cross-References to   3


AR-C Introduction  5


Statements on Standards for Accounting and Review Services (Clarified) 15


60 General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 23


70 Preparation of Financial Statements 41


80 Compilation Engagements 55


90 Review of Financial Statements 89


9090 Review of Financial Statements: Accounting and Review


Services Interpretation of AR-C Section 90  165


120 Compilation of Pro Forma Financial Information 167


AR-C Appendixes 181


AR-C Topical Index 185