Aicpa sec practice section manual

Access the copyright permission information. View additional resources and guidance. Statements on Standards for Accounting and Review Services SSARSs are issued by the AICPA Accounting and Review Services Committee ARSC , the senior technical committee of the AICPA designated to issue pronouncements in connection with the unaudited financial statements or other unaudited financial information of an entity that is not required to file financial statements with a regulatory agency in connection with the sale or trading of its securities in a public market.

Interpretations are issued after all members of ARSC have been provided an opportunity to consider and comment on whether the proposed interpretation is consistent with SSARSs. An interpretation is not as authoritative as a SSARS, but members should be aware that they may have to justify a departure from an interpretation if the quality of their work is questioned.

Early implementation is permitted. AR-C sec. Preparation of Financial Statements This section contains the requirements and guidance related to engagements to prepare financial statements. Compilation Engagements This section contains the requirements and guidance related to compilation engagements. Review of Financial Statements This section contains the requirements and guidance related to review engagements and is essentially a clarity redraft of the review literature in SSARS No. In performing peer reviews, review teams must complete all relevant checklists and checklists issued by the AICPA Peer Review Board in a professional manner.

Failure to do so may cause a presumption that the review has not been performed in conformity with the Standards governing the Program. We recommend using Chrome or Firefox as your browser for the best user experience.

Get the latest version of Adobe Acrobat Reader to ensure compatibility. What's New? To keep it current, the PRPM is periodically updated with new or revised checklists and other materials due to changes in technical and professional standards, policies or procedures. Monitor quarterly Reviewer Alerts for further information. Assistance : For assistance with peer review materials, please email prptechnical aicpa.