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đ„ Should You Add âNo Assurance Providedâ to Financial Reports? đ„
 On this episode of Bookkeepers on Fire, we tackled one of those âwait⊠should I be doing this?â questions.Â
Hereâs what you need to know:Â
đ âFor management use onlyâ is out. SSARS 21 says to use âNo assurance is provided.â
đ§Ÿ If youâre compiling monthly financials, adding that line (on every page) keeps you compliant and crystal clear.
đ« Never sign a clientâs financials for loan purposes â thatâs called a comfort letter, and itâs a legal and ethical no-go.Â
đ„ Whether you send monthly packets or let QBO do the talking, make sure youâre covered â and keep a PDF copy for your records.Â
đ§ Listen in for more fire, facts, and a few sarcastic jabs at tax preparers who just âadjust to make it work.â Â
đ„ Join our Bookkeepers On Fire Community to connect đ€, collaborate đŹ, and thrive đ with like-minded professionals who are passionate about bookkeeping, accounting and business growth.
Join us here: Bookkeepers On Fire Community
Bookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent. đ„
Donate with Venmođ„  đ„Donate with PayPalđ„
By Deb Kilsheimer & Donna Reade5
1010 ratings
đ„ Should You Add âNo Assurance Providedâ to Financial Reports? đ„
 On this episode of Bookkeepers on Fire, we tackled one of those âwait⊠should I be doing this?â questions.Â
Hereâs what you need to know:Â
đ âFor management use onlyâ is out. SSARS 21 says to use âNo assurance is provided.â
đ§Ÿ If youâre compiling monthly financials, adding that line (on every page) keeps you compliant and crystal clear.
đ« Never sign a clientâs financials for loan purposes â thatâs called a comfort letter, and itâs a legal and ethical no-go.Â
đ„ Whether you send monthly packets or let QBO do the talking, make sure youâre covered â and keep a PDF copy for your records.Â
đ§ Listen in for more fire, facts, and a few sarcastic jabs at tax preparers who just âadjust to make it work.â Â
đ„ Join our Bookkeepers On Fire Community to connect đ€, collaborate đŹ, and thrive đ with like-minded professionals who are passionate about bookkeeping, accounting and business growth.
Join us here: Bookkeepers On Fire Community
Bookkeepers On Fire is proudly ad-free and 100% listener-supported, so we can bring you unfiltered conversations without outside agendas. If you enjoy the show, consider donating to help keep our mics hot and our mission independent. đ„
Donate with Venmođ„  đ„Donate with PayPalđ„

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