AICPA Issues Exposure Draft of Proposed SSARS


The AICPA’s Accounting and Review Services Committee issued an exposure draft of a proposed Statement on Standards for Accounting and Review Services (SSARS), Applicability of Statements on Standards for Accounting and Review Services. The exposure draft proposes to amend AR section 100. Under the proposal, SSARSs would not apply when the provisions of AU section 722, Interim Financial Information, apply.

           

The revisions were drafted based on the comment letters received on the proposed Statement on Auditing Standards (SAS), Interim Financial Information, and the views of the task force working on the proposed auditing standard. The proposed SSARS may have to be further revised based on the final SAS as voted by the Auditing Standards Board.

           

The ED is available here. The comment period closes Jan. 9.

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.