Compilation and review alert.
In December 2009, the AICPA released the 2009 edition of the Compilation and Review Developments alert. This alert is intended to provide accountants with an update on recent practice issues and professional standards that affect compilation and review engagements. This alert also can be used by an entity's internal management to address areas of concern. At whatever side of the table you sit, this alert is a tool you need. The following new authoritative guidance is particularly significant to this alert and is reflected in this edition:
* Statement on Standards for Accounting...
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