Episode 4 – Questions and Answers for the New SSARS 21 Preparation of Financial Statements Standard

Here are answers to your most pressing AR-C 70 questions

CPAs have had many questions about the use of AR-70, Preparation of Financial Statements. Those questions include:

When is the standard applicable?

What work papers must I retain?

Is an engagement letter required?

What should the preparation report look like?

Should I include a disclaimer page?

How do I communicate departures from the applicable basis of accounting?

Can I add supplementary information?

Can AR-C 70 be used in reference to prescribed forms?

Today we answer your most pressing questions about using the SSARS 21 preparation standard.

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