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Preparation of Financial Statements & Compilation Engagements
If you provide financial statements through preparation or compilation standards, this book should be your desktop reference. The clarity and simplicity provided ensure you comply with both the letter and intent of the standards. There are many examples and templates to help apply the standards in an efficient and comprehensive way.
Charles is a master at breaking down the details, illustrating, and contrasting preparation and compilation engagements , and pointing out potential pitfalls to be aware of.
Much more user-friendly and applicable to the small firm practitioner than the big-ticket reference manuals.
Don Vieira, CPA
Centinel Pacific Accounting, LLC
Wasilla, Alaska
I have had the pleasure of knowing Charles and following him through his blog for several years. His style of explaining things in an easy-to-understand manner is one of the things that makes this book one of the best on the subject matter.
With easy-to-use illustrations and examples , it will benefit those new to performing these engagements, even those with many years of experience performing them.
I recommend this book be a part of your guidance materials used when preparing financial statements or performing a compilation under the Statements on Standards for Accounting and Review Services
Mike Brand, CPA, CGMA
BMSS Advisors & CPAs
Huntsville, Alabama
The second edition of Preparation of Financial Statements and Compilation Engagements includes updates for SSARS 23, 24, and 25 .
The book includes chapters
— Preparation of Financial Statements (AR-C 70)
— Compilation Engagements (AR-C 80)
—Disclosure options in preparation and compilation engagements
—Supplementary information
— Bases of accounting including GAAP and special purpose frameworks
—Peer review of preparation and compilation engagements
—Ethical considerations (AR-C 60) in preparation and compilation engagements
—Sample disclaimer for preparation engagement
—Sample compilation reports
— Sample preparation and compilation financial statements
Charles is a master at breaking down the details, illustrating, and contrasting preparation and compilation engagements , and pointing out potential pitfalls to be aware of.
Much more user-friendly and applicable to the small firm practitioner than the big-ticket reference manuals.
Don Vieira, CPA
Centinel Pacific Accounting, LLC
Wasilla, Alaska
I have had the pleasure of knowing Charles and following him through his blog for several years. His style of explaining things in an easy-to-understand manner is one of the things that makes this book one of the best on the subject matter.
With easy-to-use illustrations and examples , it will benefit those new to performing these engagements, even those with many years of experience performing them.
I recommend this book be a part of your guidance materials used when preparing financial statements or performing a compilation under the Statements on Standards for Accounting and Review Services
Mike Brand, CPA, CGMA
BMSS Advisors & CPAs
Huntsville, Alabama
The second edition of Preparation of Financial Statements and Compilation Engagements includes updates for SSARS 23, 24, and 25 .
The book includes chapters
— Preparation of Financial Statements (AR-C 70)
— Compilation Engagements (AR-C 80)
—Disclosure options in preparation and compilation engagements
—Supplementary information
— Bases of accounting including GAAP and special purpose frameworks
—Peer review of preparation and compilation engagements
—Ethical considerations (AR-C 60) in preparation and compilation engagements
—Sample disclaimer for preparation engagement
—Sample compilation reports
— Sample preparation and compilation financial statements
184 pages, Paperback
Published January 3, 2023
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