Wiley Practitioner's Guide to GAAS 2020

64AR-C 100 Special Considerations—International Reporting Issues

Scope

Technical Alert

Effective Date

Objective

Definitions

Requirements

Engagement Acceptance

Financial Statements Prepared under a Framework Accepted in Another Country

Accountant Uses SSARS and Another Set of Standards

Reporting

Reporting—Intended for Use Only Outside the United States

Reporting—When Intended for Use in the United States

Reporting—When the Accountant’s Report for Compilations or Reviews Is Conducted in Accordance with Both SSARS and Another Set of Compilation or Review Standards

SCOPE

AR-C 100 applies when an accountant is engaged to perform a compilation or review of financial statements in accordance with SSARS if either:

• The financial statements have been prepared in accordance with a financial reporting framework generally accepted in another country and not adopted by a body designated by the Council of the AICPA to establish generally accepted accounting principles (GAAP) (hereinafter referred to as a financial reporting framework generally accepted in another country), or
• The compilation or review engagement will be performed in accordance with both SSARS and another set of compilation or review standards, such as
  • International Standard on Related Services (ISRS) 4410 (Revised), Compilation Engagements, or
  • International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to Review Historical Financial Statements.

• (AR-C 100.01)

AR-C 100 does not apply to financial ...