Many CPAs are still asking if printing financial statements from Quickbooks triggers a requirement to follow SSARS 21. Previously, if a CPA created and submitted financial statements to a client, he had to issue a compilation report. Hear the answer in this video.
Also, we’ll take a look at whether you as a CPA can issue monthly financial statements in accordance with SSARS 21 and then perform an audit for the same client at the end of the year.
Note: This video was created in 2015, but the information is still current. SSARS 23 does not alter the answers.
Check out my SSARS 21 book on Amazon.com by clicking here.
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