PPC's Guide to SSARS Preparation Engagements

PPC's Guide to SSARS Preparation Engagements explains the financial statement preparation service introduced by SSARS No. 21 and gives you the guidance and practice aids you need to perform that service. Financial statement preparation may not be a complicated service, but it does have its own set of professional requirements that you must meet. The Guide includes:

• An overview of the requirements of AR-C 70, Preparation of Financial Statements, including differences from the requirements of compilation engagements.
• Discussions to help you determine if this is a service you wish to provide to your clients.
• Examples to help you determine when AR-C 70 is applicable to your practice and; therefore, you need to structure your engagement to comply with its requirements.
• Explanations of how your firm's quality control policies impact financial statement preparation services.
• Illustrative engagement letters and an engagement acceptance and continuance form.
• Procedures checklists to help you document that you have met the requirements of AR-C 70.
• Illustrative financial statements.