Wiley Practitioner's Guide to GAAS 2022

67AR-C 100 Special Considerations—International Reporting Issues

• Scope
• 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
  • Exhibit—Illustrations of Accountant's Compilation and Review Reports on Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country Performed in Accordance with 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 ...