3 Reasons Why SSARS 21 was Created

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  • Maria says:

    Can we issue a compiled financial statements (disclosures omitted) by just printing from Quickbooks balance sheet and Income Statement and a compilation report?

    • Maria, you can issue a compilation report but you will need to follow the guidance in AR-C 80 which requires the reading of the financial statements for appropriateness in light of the reporting framework and accounting policies. You can also issue financial statements without a compilation report if you follow the guidance in AR-C 70, preparation of financial statements.