This brochure compares a basic financial statement preparation, compilation, review, and audit engagement and can assist you in educating your clients on the differences between the levels of service. It also provides an overview of understanding assurance as well as a misstatement and material misstatement.
The brochure has been updated for the guidance in Statement on Standards for Accounting and Review Services No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, as amended. It can