Bookkeeping or preparation service? That is the question

By: llluzzi, Kristy [author]
Language: English Set: Bookkeeping or preparation service? That is the questionCopyright date: 2016 In: Journal of Accountancy Vol. 221 Issue 1: (January 2016), pages 34 - 36Summary: The article discusses the importance for accountants to understand their specific task with clients in the preparation of financial statements to avoid violating the Statement on Standards for Accounting and Review Services (SSARS) No. 21 in the U.S. The effort of the Center for Plain English Accounting to offer considerations for accountants facing issues in financial statement preparation is mentioned. Suggestion for accountants to clearly indicate their engagements is also emphasized.
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The article discusses the importance for accountants to understand their specific task with clients in the preparation of financial statements to avoid violating the Statement on Standards for Accounting and Review Services (SSARS) No. 21 in the U.S. The effort of the Center for Plain English Accounting to offer considerations for accountants facing issues in financial statement preparation is mentioned. Suggestion for accountants to clearly indicate their engagements is also emphasized.

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