Episode 6 – SSARS 21 Compilation Engagement Questions & Answers

Digging deeper into how compilations have changed

Today we take a look at compilation engagement issues such as:

  • What does the new compilation report look like?
  • Should a compilation report have a title and a salutation?
  • Should the financial statement pages refer to the compilation report?
  • How should a departure from the applicable reporting framework be communicated?
  • How should a going concern issue be communicated?
  • How does the use of the tax basis of accounting alter the compilation report?
  • What are the minimum work paper requirements?
  • Are you required to make inquiries in a compilation engagement?

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