The SSARS review service was originally developed as a lower-cost and lower-assurance alternative to an audit of the financial statements of public entities.

Question

Quizplus · Accepted Answer

The SSARS (Statements on Standards for Accounting and Review Services) review service was developed primarily for private entities, not public entities, as a lower-cost and lower-assurance alternative to an audit.

The SSARS Review Service Was Originally Developed as a Lower-Cost