SSARS No. 21 Sample Letters
SSARS No. 21 Sample Letters.
On October 23, 2022 the Accounting and Review Services Committee of the AICPA released SSARS No. 21, which is the most significant change to the presentation of non-audited financial statements since SSARS was introduced in 1978. This standard–which is mandatory for reporting periods that end on or after December 15, 2022 but is available for early implementation–effectively expands financial statement presentation and reporting options to five:
- The Audit
- The Review
- The Compilation with full disclosure
- The Compilation in which substantially all disclosures are omitted
- The Preparation
The following Sample Letters are available for you to download and personalize:
- SSARS Representation Letter
- Preparation Engagement Letter under SSARS No. 21
- Compilation Engagement Letter with Respect to Financial Statements Prepared in Accordance with the Tax Basis of Accounting under SSARS No. 21
- Accountant’s Compilation Report of Comparative Financial Statements Prepared in Accordance with the Tax Basis of Accounting, and Management Has Elected to Omit Substantially All Disclosures Ordinarily Included in Financial Statements Prepared in Accordance with the Tax Basis of Accounting
