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🔥 Should You Add “No Assurance Provided” to Financial Reports? 🔥
 On this episode of Bookkeepers on Fire, we tackled one of those “wait… should I be doing this?” questions.
 On this episode of Bookkeepers on Fire, we tackled one of those “wait… should I be doing this?” questions.
Here’s what you need to know:
📄 “For management use only” is out. SSARS 21 says to use “No assurance is provided.”
🧾 If you’re compiling monthly financials, adding that line (on every page) keeps you compliant and crystal clear.
🚫 Never sign a client’s financials for loan purposes — that’s called a comfort letter, and it’s a legal and ethical no-go.
💥 Whether you send monthly packets or let QBO do the talking, make sure you’re covered — and keep a PDF copy for your records.
🎧 Listen in for more fire, facts, and a few sarcastic jabs at tax preparers who just “adjust to make it work.”
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🔥 Join our Bookkeepers On Fire Community to connect 🤝, collaborate 💬, and thrive 🚀 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.
🔥Donate with Venmo🔥  🔥Donate with PayPal🔥
View all episodes
By Debbie Kilsheimer & Donna Reade
5
77 ratings
🔥 Should You Add “No Assurance Provided” to Financial Reports? 🔥
 On this episode of Bookkeepers on Fire, we tackled one of those “wait… should I be doing this?” questions.
 On this episode of Bookkeepers on Fire, we tackled one of those “wait… should I be doing this?” questions.
Here’s what you need to know:
📄 “For management use only” is out. SSARS 21 says to use “No assurance is provided.”
🧾 If you’re compiling monthly financials, adding that line (on every page) keeps you compliant and crystal clear.
🚫 Never sign a client’s financials for loan purposes — that’s called a comfort letter, and it’s a legal and ethical no-go.
💥 Whether you send monthly packets or let QBO do the talking, make sure you’re covered — and keep a PDF copy for your records.
🎧 Listen in for more fire, facts, and a few sarcastic jabs at tax preparers who just “adjust to make it work.”
Â
🔥 Join our Bookkeepers On Fire Community to connect 🤝, collaborate 💬, and thrive 🚀 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.
🔥Donate with Venmo🔥  🔥Donate with PayPal🔥
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