[비상장]SSARSs( Preparation, Compilation, Review)의 공통적인 내용

■ The accountant should do the followings.

(1) determine whether he is independent.

- Lack of independence requires modification of the report.

- The accountant may perform the service and issue a compilation report. However, (s)he must include a final paragraph in the report to indicate the lack of independence. The accountant also may include the reason(s) for the impairment of independence. 

(2) document in writing the terms of the engagement.

(3) have sufficient knowledge and apply appropriate ethical standards

(4) maintain appropriate engagement documentation.

 

■ Special purpose frameworks acceptable under the SSARSs

- A regulatory basis required to be used by an entity.

- The tax basis used by the entity to file its tax returns.

- A modification of the cash basis having substantial support.

 

  ↔ A contractual basis is a special purpose framework used to comply with an agreement between the entity and one or more third parties other than the accountant.