We have a few in-house bookkeeping clients. We use QuickBooks for all of these. Occasionally, we get a request for a Balance Sheet or P&L. Unfortunately, being a CPA firm, we can't just hit Print without fear and trepidation that we are violating a professional standard.
Thank goodness SSARS 21 came out providing us with the Preparation level of financial statements. One very important requirement is that we obtain an Engagement Letter from the client. That's no problem, except we need to remember to do it every time the client asks us to hit the Print button.
I have been wondering if we can prepare a generic Preparation engagement letter that does not specify the financial statement that we are engaged to prepare. Can we just refer to "requested financial reports"? This way we can have the client sign it once, and we can fearlessly hit that Print button forever and beyond?