Guide: SOC 2 reporting on an examination of controls at a service organization relevant to security, availability, processing integrity, confidentiality, or privacy

Content: 1 Review of Financial Statements  01-239 Introduction 01-02 Applicability  03 Consideration of Materiality in a Review Engagement  04-10 Requirements 11-234 General Principles for Performing and Reporting on Review Engagements  11 Professional Skepticism in a Review Engagement 12-16 Engagement Level Quality Control in a Review Engagement  17-21 Independence  22-24 Preconditions for Accepting a Review Engagement 25-30 Communications With Predecessor Accountants 31-34 Agreement on Engagement Terms   35-38 Understanding of the Industry  39 Knowledge of the Entity  40-68 Designing and Performing Review Procedures 69-72 Analytical Procedures 73-113 Illustrative Analytics 114-119 Inquiries and Other Review Procedures 120-143 Illustrative Inquiries 144-145 Reading the Financial Statements   146-148 Reconciling the Financial Statements to the Underlying Accounting Records  149 Evaluating Evidence Obtained From the Procedures Performed 150-153 Written Representations  154-160 Communicating to Management and Others Regarding Fraud or Noncompliance With Laws and Regulations  161-168 Reporting on the Financial Statements   General 169-170 Reporting on Financial Statements Prepared in Accordance With a Special Purpose Framework 171-175 Reporting on Comparative Financial Statements 176-182 Reporting on Known Departures From the Applicable Financial Reporting Framework   183-188 Emphasis-of-Matter and Other-Matter Paragraphs in the Accountant   s Review Report   189-193 Alert That Restricts the Use of the Accountant   s Review Report  194-197 Reporting on Financial Statements Prepared in Accordance With a Financial Reporting Framework Generally Accepted in Another Country 198-201 The Accountant   s Consideration of an Entity   s Ability to Continue as a Going Concern   202-207 Subsequent Events and Subsequently Discovered Facts 208-214 Initial Review Engagements   Opening Balances 215-217 Reference to the Work of Other Accountants in an Accountant   s Review Report   218-220 Supplementary Information That Accompanies Reviewed Financial Statements   221-223 Required Supplementary Information   224-226 Change in Engagement From Audit to Review 227-231 Review Documentation 232-234 Illustrative Engagement Letters  235 Illustrative Representation Letter  236-238 Illustrative Accountant   s Review Reports on Financial Statements 239 2 Compilation of Financial Statements  01-102 Introduction 01-02 Applicability  03 Requirements 04-86 General Principles for Performing and Reporting on Compilations of Financial Statements 04 Engagement Level Quality Control in a Compilation Engagement  05-09 Independence  10-11 Preconditions for Accepting a Compilation Engagement  12-17 Agreement on Engagement Terms   18-21 Knowledge and Understanding of the Entity   s Financial Reporting Framework  22-26 Reading the Financial Statements   27 Other Compilation Procedures 28-35 Reporting   General 36-37 Reporting   Financial Statements Prepared in Accordance With a Special Purpose Framework 38-41 Reporting   Financial Statements that Omit Substantially All the Disclosures Required by the Applicable Financial Reporting Framework  42-49 Reporting   Comparative Financial Statements 50-62 Reporting   When the Accountant Is Not Independent  63-65 Reporting   Known Departures From the Applicable Financial Reporting Framework   66-71 Reporting   Supplementary Information That Accompanies Financial Statements and the Accountant   s Compilation Report Thereon   72-74 Reporting   Required Supplementary Information 75-77 Reporting   Alert That Restricts the Use of the Accountant   s Compilation Report 78-79 Reporting   Emphasis-of-Matter or Other-Matter Paragraphs  80 Reporting   Financial Statements Prepared in Accordance With a Prescribed Format  81-86 Compilation of Specified Elements, Accounts, or Items of a Financial Statement  87-90 Change in Engagement From Audit or Review to a Compilation Engagement  91-96 Documentation Requirements  97-99 Illustrative Engagement Letters  100 Illustrative Examples of the Accountant   s Compilation Report on Financial Statements  101 Exhibit   Compilation Reporting Requirements When Independence Is Impaired  102 3 Preparation of Financial Statements  01-50 Introduction 01 Applicability  02-07 Independence 08-09 Requirements 10-49 General Principles for Performing Engagements to Prepare Financial Statements  10 Engagement Level Quality Control in an Engagement to Prepare Financial Statements   11-15 Preconditions for Accepting an Engagement to Prepare Financial Statements  16-18 Agreement on Engagement Terms   19-22 Knowledge and Understanding of the Entity   s Financial Reporting Framework  23-27 Preparing the Financial Statements   28-34 Preparation of Financial Statements in Accordance With a Special Purpose Framework   35-36 Preparation of Financial Statements That Contain a Known Departure or Departures From the Applicable Financial Reporting Framework   37-38 Preparation of Financial Statements That Omit Substantially All Disclosures Required by the Applicable Financial Reporting Framework  39-41 Preparation of Financial Statements Included in a Prescribed Form 42-44 Communication With Management   45-46 Documentation Requirements  47-49 Illustrative Engagement Letters  50 4 Compilation of Pro Forma Financial Information  01-24 Introduction 01 Applicability  02-03 Requirements 04-22 General Principles for Compilations of Pro Forma Financial Information  04-06 Acceptance and Continuance of Client Relationships 07-09 Agreement on Engagement Terms   10-13 The Accountant   s Knowledge and Understanding of the Entity   s Financial Reporting Framework 14 Compilation Procedures  15-16 The Accountant   s Compilation Report on Pro Forma Financial Information  17-20 Documentation  21-22 Illustrative Engagement Letter for a Compilation of Pro Forma Financial Information 23 Illustrative Accountant   s Compilation Report on Pro Forma Financial Information 24 5 Preparing or Performing a Compilation or Review of Personal Financial Statements  01-26 Introduction 01 Accounting Considerations  02-05 Internal Control With Respect to Personal Financial Statements 06-08 Agreement on Engagement Terms   09-11 Fraud and Illegal Acts in an Engagement to Prepare or in a Compilation or Review of Personal Financial Statements 12-14 Representation Letters 15-17 Compilation and Review Reports on Personal Financial Statements 18-20 Departures From the Applicable Financial Reporting Framework 21-22 Illustrative Engagement Letters  23 Illustrative Representation Letter  24-25 Illustrations of Accountant   s Compilation and Review Reports on Personal Financial Statements 26 Appendix A Overview of Statements on Quality Control Standards Glossary Index of Pronouncements and Other Technical Guidance Subject Index