SSARS

[ESS-sars]

What is the definition of SSARS?

Statements on Standards for Accounting and Review Services (SSARS) are standards issued by the American Institute of Certified Public Accountants (AICPA) pertaining to the performance of review and compilation engagements for non-public entities.

Using SSARS in an Example

Under SSARS, an accountant conducting a review of a company's financial statements must perform inquiry and analytical procedures to provide a reasonable basis for expressing limited assurance that there are no material modifications that should be made to the statements for them to be in conformity with the applicable financial reporting framework.

Using SSARS in a sentence

During the meeting, the CPA explained that the financial statement preparation they conducted was in accordance with SSARS, ensuring compliance with professional standards.

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