CCH Learning Center

Compilation and Review: SSARS No. 9

SSARS No. 9 cleans up various inconsistencies and confusions that exist under the present SSARS standards. It deals with a series of issues in need of change or clarification that, individually, do not warrant issuing separate statements.

Each item covered in SSARS No. 9 comprises its own chapter in this course. The course offers guidance for situations in which an accountant’s name is included in a written document or communication containing unaudited financial statements and addresses whether an accountant’s signature, as well as a date, is required on a compilation or review report. It clarifies the reporting requirements related to a statement of retained earnings and comprehensive income and details the codification of specific representations that must be included in a management representation letter for a review engagement.

The course continues by reviewing how SSARS No. 9 modifies SSARS No. 1 to deal with the issuance of a separate report on supplementary information, as well as how it integrates language into SSARS No. 1 regarding the requirement to adopt and maintain a quality control system.

Finally, the course provides guidance on communications between a predecessor and successor accountant.