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 WHITE PAPER

Preparing the statement of cash flows

This instructive white paper outlines common pitfalls in the preparation of the statement of cash flows, resources to minimize these risks, and four critical skills your staff will need as you approach necessary changes to the process.

RESOURCES

Keeping you informed and prepared amid the COVID-19 crisis

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.