What we review
Every run reviews your engagement file against AICPA SSARS standards (AR-C §§80 and 90). Here's exactly what we look at: 107 items for review engagements, 38 for compilations.
Review Engagements
107 items across 15 document types
Engagement Letter
AR-C §90.16–.17- ✓Accountant/firm signature present
- ✓Client/management signature executed (not blank)
- ✓Management responsibility for financial statement preparation
- ✓Management responsibility for internal control
- ✓Scope limitation language (substantially less than audit)
- ✓Financial reporting framework explicitly identified
- ✓Letter timing relative to period end and report date
- ✓Outdated SSARS language detection (SSARS 19, AR section)
- ✓Non-attest services documentation (ET §1.295) when declared
- ✓Period end date consistency with engagement
- ✓Predecessor accountant communication (first-year engagements)
Financial Statements
AR-C §90 / ASC Disclosures- ✓Required disclosures across every focus area below (debt, leases, revenue, related parties, going concern, and the rest)
- ✓Balance sheet completeness (accounts receivable, inventory, PP&E, equity)
- ✓Income tax disclosures (with pass-through entity awareness)
- ✓ASC 842 lease disclosures and classification
- ✓Cash flow statement presence and classification
- ✓Subsequent events disclosure
- ✓Statement of changes in equity
- ✓Accounting policies disclosure
- ✓Fair value measurements
- ✓Revenue recognition (ASC 606)
- ✓Consolidation and segment reporting
- ✓Related party transactions (ASC 850)
- ✓Comprehensive income and OCI (ASC 220), when present
- ✓Financial instruments and derivatives (ASC 825, ASC 815), when present
- ✓Industry-specific disclosures (nonprofit ASC 958, healthcare ASC 954, CIRA ASC 972, construction ASC 910)
Analytical Procedures Workpaper
AR-C §90.26–.28- ✓Entity understanding documented (industry, operations, accounting policies)
- ✓Quantified expectations with named source documents
- ✓Precision threshold stated (dollar or percentage)
- ✓Expectation quality (not prior-year-only without independent context)
- ✓Differences identified and calculated (dollar and percentage)
- ✓Management inquiry documented for significant differences
- ✓Corroboration of management explanations for material items
- ✓Materiality threshold alignment with AP investigation threshold
- ✓Documented conclusions for each significant difference
- ✓Preparer and reviewer sign-off
Management Representation Letter
AR-C §90.59–.62- ✓Date matches report date exactly
- ✓Appropriate signatory (management authority, not staff)
- ✓All 13 required Tier 1 representations present
- ✓Subsequent events representation with specific date
- ✓Significant estimate assumptions (Tier 2, when applicable)
- ✓Comparative period coverage when applicable
Accountant's Review Report
AR-C §90.76- ✓Title includes "independent"
- ✓Addressee present
- ✓Introductory paragraph (entity, statements, period, scope)
- ✓Management responsibility section with heading
- ✓Accountant responsibility section (SSARS citation, limited assurance)
- ✓Conclusion section with proper language
- ✓Firm signature
- ✓City and state
- ✓Date matches declared report date
- ✓Emphasis-of-matter paragraphs (going concern, accounting changes)
- ✓Other-matter paragraphs (AR-C §90.48 / R306)
- ✓Reference to other accountants (AR-C §90.82 / R309), when present
- ✓Supplementary information language, across 3 scenarios (R313–R315)
- ✓OCBOA required paragraphs (special-purpose frameworks)
Independence Documentation
AR-C §90.10 / ET §1.295- ✓Affirmative independence conclusion
- ✓Re-confirmation at report date
- ✓Staff-level coverage (not just partner)
- ✓Non-attest services safeguards (when declared)
Inquiry Documentation
AR-C §90.29- ✓Not a blank template
- ✓Going concern inquiries documented
- ✓Related parties inquiries documented
- ✓Accounting policies, unusual transactions, subsequent events
- ✓Fraud and completeness inquiries
- ✓Board/governance actions
- ✓Management communication of significant matters (AR-C §90.127 / R205)
- ✓Substantive responses (not just checkmarks or "no exceptions")
Completion Checklist
SSARS 25–26- ✓Partner/supervisor sign-off (not just preparer)
- ✓Sign-off date on or before report date
- ✓Supervisory review evidence
- ✓Engagement type appropriateness
- ✓Blank template detection
- ✓SSARS 26 quality management requirements (periods beginning 12/15/2025+)
Disclosure Checklist
AR-C §90.42 / PRP 22,300- ✓Disclosure-adequacy verification per the financial reporting framework (GAAP, OCBOA, etc.)
- ✓Framework gating, so an OCBOA presentation is not flagged for GAAP-only disclosures
- ✓Material disclosure categories present: significant accounting policies, related-party, going concern, subsequent events, commitments and contingencies
- ✓Notes section accepted as evidence when no standalone workpaper is uploaded
- ✓Coverage tied back to the disclosures actually present in the financial statements
Review Procedures Coverage
PRP 20,300 R219–R229- ✓Going concern conclusion documented and followed through (R219–R220 / AR-C §90.29(g)–(h), §90.47)
- ✓Analytical exceptions followed up to a stated conclusion (R223–R225 / AR-C §90.26–.28)
- ✓Subsequent events covered through the report date (R226–R229 / AR-C §90.29(f))
Acceptance and Continuance
AR-C §60.09 / QC §10 / PRP R101- ✓Evidence that acceptance or continuance was considered for this engagement
- ✓New client vetting on a first-year engagement
- ✓Continuance decision revisited on a recurring engagement
- ✓Decision recorded and authorized by someone with authority to make it
- ✓Mitigation documented for each risk factor the file flags (PRP R112)
Trial Balance
AR-C §90.41 / ASC 850, 470, 606- ✓Negative cash with no overdraft or reclassification language
- ✓Generic or unclassified account names carried into the statements
- ✓Related-party accounts with no matching disclosure (ASC 850)
- ✓Long-term debt with no current and noncurrent split (ASC 470)
- ✓Multiple revenue streams with no disaggregation (ASC 606)
Prior-Year Financial Statements
ASC 250-10-45 / 250-10-50- ✓Comparative figures that do not agree with the prior-year statements
- ✓Accounting policy change carried forward with no disclosure
- ✓Reporting framework change carried forward with no disclosure
Materiality Documentation
AR-C §90.19–.20 / SSARS 25- ✓Materiality determination present
- ✓Named benchmark (revenue, assets, net income, etc.)
- ✓Dollar or percentage threshold stated
- ✓Threshold reasonableness relative to entity size
Cross-Document Consistency
Submission Integrity- ✓Period end date consistent across all documents
- ✓Report date alignment (rep letter date = report date)
- ✓Engagement type consistent (review vs. compilation)
- ✓Client identity consistent (d/b/a handling)
- ✓Going concern: financial-statement disclosure matched to report emphasis-of-matter
- ✓Non-attest services consistency across engagement letter, independence doc, rep letter
- ✓Material financial-statement line-item coverage by analytical procedures (AR-C §90.26–.28 / R208)
- ✓Federal funding detection, and the Single Audit threshold that follows (PRP R113 / 2 CFR 200.501)
Compilation Engagements
38 items across 9 document types
Engagement Letter
AR-C §80.10–.11- ✓Accountant/firm signature present
- ✓Client/management signature executed
- ✓Management responsibility for financial statements
- ✓No-assurance language
- ✓Framework identification
- ✓Letter timing
- ✓Outdated SSARS language detection
Accountant's Compilation Report
AR-C §80.17- ✓Wrong report type detection (review language in compilation)
- ✓Title includes "compilation"
- ✓Addressee present
- ✓Introductory paragraph (entity, statements, period)
- ✓SSARS standard citation
- ✓No-assurance statement (exact required language)
- ✓Omission of disclosures paragraph (AR-C §80.27 when applicable)
- ✓Known departure modification paragraph (AR-C §80.18)
- ✓Non-independence disclosure (when applicable)
- ✓Firm signature (sole practitioner carve-out)
- ✓City and state
- ✓Date matches report date
- ✓Outdated language detection
- ✓OCBOA required paragraphs (special-purpose frameworks)
Financial Statements
ASC Disclosures- ✓The same disclosure coverage as review engagements
- ✓Note-level disclosure areas stand down when the compilation omits disclosures (AR-C §80.27)
Completion Checklist
SSARS 25–26- ✓Compilation read-through for obvious material errors (AR-C §80.09)
- ✓Partner/supervisor sign-off
- ✓Sign-off date timing
Disclosure Checklist
AR-C §80.27 / PRP 22,300- ✓Disclosure adequacy against the financial reporting framework you selected
- ✓Framework gating, so an OCBOA presentation is not held to GAAP-only disclosures
- ✓Material categories present: significant accounting policies, related party, going concern, subsequent events, commitments and contingencies
- ✓The notes section accepted as evidence when you upload no standalone workpaper
- ✓Every disclosure item stands down when the compilation omits disclosures (AR-C §80.27)
Independence Documentation
AR-C §80.22 / ET §1.295- ✓Not required for a compilation: AR-C §80 asks you to say so in the report when you are not independent, not to be independent
- ✓Reviewed when you upload one anyway: affirmative conclusion, re-confirmation at report date, staff-level coverage
- ✓Non-attest services safeguards (when declared)
- ✓The compilation report is reviewed for the non-independence paragraph either way
Acceptance and Continuance
AR-C §60.09 / QC §10 / PRP R101- ✓Reviewed exactly as it is for a review engagement
Trial Balance
ASC 850 / ASC 470 / ASC 606- ✓Reviewed exactly as it is for a review engagement, against the balances behind your compiled statements
Cross-Document Consistency
Submission Integrity- ✓Reviewed exactly as it is for a review engagement
What we leave to you
We review engagement-level documentation only. We do not look at firm-level quality control policies, PCAOB or SEC matters, audit engagements, CPE compliance, or training records. Go through those yourself before your peer review.
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