Definition of an Accounting & Auditing Practice for The AICPA Peer Review Program
Standards on Auditing Statements (SASs)
REPORT | REVIEW TYPE |
Statements on Auditing Standards (SASs) | System Review |
Agreed Upon Procedures | System Review |
Statements of Standards for Accounting and Review Services (SSARSs)
REPORT | REVIEW TYPE |
Reviews of financial statements | Engagement Review |
Compilations of financial statements with disclosures | Engagement Review |
Compilations of financial statements where "Selected Information-Substantially All Disclosures Required are Not Included" | Engagement Review |
Compilations of financial statements that omit substantially all disclosures | Report Review |
Statements for Standards on Attestation Engagements (SSAEs)
REPORT | REVIEW TYPE |
Examination of prospective financial statements | System Review |
Compilations of prospective financial statements | Engagement Review |
Agreed-Upon Procedures of prospective financial statements | Engagement Review |
Examination of written assertions | Engagement Review |
Reviews of written assertions | Engagement Review |
Agreed Upon Procedures of written assertions | Engagement Review |
The firm is responsible for determining what type of engagements it performs. If the firm is uncertain of how to classify an engagement, it should consult its team captain (if already selected), another CPA who performs similar engagements or the AICPA Technical Hotline (800/862-4272.)
