SSARS 21 updates the compilation and review standards previously explained in SSARS 19

The body of SSARS literature has been updated and clarified. The new document, SSARS #21, was released on October 23, 2014.

It will be effective for financial statements after December 15, 2015. That means it will usually be required for 12/31/15 financials. We will all have to move away from SSARS 19 for our work in 2016. (Unless you choose to apply SSARS 19 for clients with years ending before 12/31/15.)

Since starting this blog, all discussion of compilations and reviews have been posted on my other blog, Attestation Update.

You can find all my discussion of the new standard at the other site.

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