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Flashcards in SSARS-general principles Deck (7)
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1

statement on standards for accounting and review services (SSARS) are issued by the

AICPA's ARSC

2

SSARS applicable to (nonissuers)

preparation of F/S
Compilation
Review

3

Organization of SSARS

objectives
definition
professional req
application and other explanatory material

4

two types of professional requirements are

unconditional requirements (Must do them)
presumptively mandatory (should, not must, some exceptions)

5

"application and other explanatory materials" are not mandatory and are indicated by

may, might, could

6

circumstances that may prevent acceptance

ethical requirements will not be met
neccessary info is unavailable or unreliable
reason to doubt managements integrity

7

prior to accepting engagment

determine competance

determine acceptability of the financial reporting framework

obtain required agreement with management