SSARS vs SSAE

  • Creator
    Topic
  • #2050820
    YouCanDoIt
    Participant

    Hello

    Can anyone help me understand what is going on with PROSPECTIVE F/S and PRO FORMA F/S

    1) I am not understanding the difference between the two
    2) How do they fit under SSARS and SSAE

    AUD - 77
    BEC - 79
    FAR - 75
    REG - 80
    Won't know until you try.

    FAR: 76
    REG: Currently studying
    AUD:
    BEC:

Viewing 4 replies - 1 through 4 (of 4 total)
  • Author
    Replies
  • #2051852
    YouCanDoIt
    Participant

    Never mind, I figured it I think
    1)Pro Forma : “as if” statements, if we had done this , then this , which use REVIEW (SSAE) , Examined (SSAE)
    2) Prospective: Can be either (a) Projected or (b) Forecast, based on assumptions in future. These can be Examined-express opinion (SSAE) , use Agreed-upon-procedures-list findings (SSAE), Compiled-for proper assembly (SSARS),

    AUD - 77
    BEC - 79
    FAR - 75
    REG - 80
    Won't know until you try.

    FAR: 76
    REG: Currently studying
    AUD:
    BEC:

    #2086578
    CPAGURU
    Participant

    @YouCanDoIt How did your test go? Taking audit soon just wanted to get an idea of the sims.

    #2086692
    YouCanDoIt
    Participant

    @CPAGURU , So I didn't feel quite comfortable and ended up moving my test date to Dec. 5th (basically gave myself an extra week). When are you taking yours?

    AUD - 77
    BEC - 79
    FAR - 75
    REG - 80
    Won't know until you try.

    FAR: 76
    REG: Currently studying
    AUD:
    BEC:

    #2089917
    CPAGURU
    Participant

    @YouCanDoIt I'm taking mine December 6th. Any help you can provide after you take it would be greatly appreciated! Also, good luck I'm sure you'll do great.

Viewing 4 replies - 1 through 4 (of 4 total)
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