Another thing you may enjoy about SSARS 21 is the slim size.
The full document is 157 pages long, but of that the front matter is 6 pages and the contents listing takes up 7 pages.
Section 60, General Principles, is 18 pages long including 2 pages of exhibits. So that is 16 pages of text.
Lots of CPAs are gonna’ like this – – Section 70, Preparation of Financial Statements, is only 13 pages. Exhibits take up 5 pages, so the core text is a mere 8 pages long.
Eight pages to go though all the discussion for the new preparation service!
Section 80, Compilation, is 35 pages long but 17 of that is for illustrations and exhibits. The actual text is 18 pages.
Section 90 for Reviews is a more hefty 78 pages, but 25 are devoted to illustrations and exhibits. Hint: you can pull your engagement letters and representation letters straight from the document. That means the core text is 53 pages long.
So adding that up, the front stuff is 13 pages. Exhibits and illustrations are 49 pages. The text you need to know is 95 pages long.
Yeah, yeah, I know….There’s gotta’ be something wrong with a CPA blogger who adds up the number of pages in a SSARS document. Please pray for me if you are so inclined.