An AICPA committee approved a proposed revision to Statement on Standards for Accounting and Review Services (SSARS) No. 21 addressing the applicability of the standard when preparing financial ...

The AICPA's Accounting and Review Services Committee clarified a standard on financial statement preparation as part of a client advisory services engagement.

The Center for Plain English Accounting provides considerations for accountants to help them determine whether an engagement is considered a bookkeeping service or a preparation service that would ...

When it is time to bring in an external audit firm — perhaps because lenders, investors or a regulatory body triggered the need to audit your financial statements — preparation and responsiveness are ...

A company lists its long-term debt on its balance sheet under liabilities, usually under a subheading for long-term liabilities.

Learn why analyzing a bank's financial statements is very different from non-financial service companies and review relevant examples of the differences.

In contrast to financial statements, the preparation of projections such as formal financial projections and regular sales forecasts by start-ups is positively associated with the importance of ...