Recent peer reviews of compilation engagements identified a number of deficiencies (referred to as Matters for Further Consideration (MFCs)) related to reporting on financial statements prepared in accordance with prescribed formats or prescribed forms. Some firms may not routinely perform engagements related to prescribed forms and, consequently, may fail to understand and comply with the requirements under Statements on Standards for Accounting and Review Services (SSARS). This report identifies common peer review deficiencies and provides related guidance for properly performing these engagements.
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Prescribed forms: Compilations & preparations - Deficiencies
Mar 18, 2020 · 180.8 KB Download
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Download the CPEA report - Prescribed forms: Compilation and preparation engagements - Peer review deficiencies
File name: CPEA report - Prescribed forms - Compilation and preparation engagements - Peer review deficiencies.pdf
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