Codification of Statements on Standards for Accounting and Review Services, Numbers 21 – 25

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 429,000 members in the United States and worldwide, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education, and consulting. The AICPA sets ethical standards for its members and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA examination, offers specialized credentials, builds the pipeline of future talent and drives professional competency development to advance the vitality, relevance and quality of the procession.

How This Publication is Organized 1


Statements On Standards For Accounting and Review Services (Clarified) [AR-C]


AR-C Cross-References to SSARSs 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 29


60A General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 53


70 Preparation of Financial Statements 73


70A Preparation of Financial Statements 87


80 Compilation Engagements 101


80A Compilation Engagements 137


90 Review of Financial Statements 173


90A Review of Financial Statements 275


100 Special Considerations—International Reporting Issues 359


120 Compilation of Pro Forma Financial Information 371


AR-C Appendixes 385


AR-C Topical Index 391