The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project.
The final clarified standard is SSARS No. 22, Compilation of Pro Forma Financial Information, which supersedes SSARS No. 14, one of the AICPA’s Statements on Standards for Accounting and Review Services. It takes effect for compilation reports on pro forma financial information dated on or after May 1, 2017.
The Clarity Project aims to make AICPA Professional Standards easier to read, understand and apply. To view the newly clarified SSARS 22,
