The two types of services provided in connection with the Statements on Standards for Accounting and Review Services are:

Question

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The two types of services provided in accordance with the Statements on Standards for Accounting and Review Services (SSARS) are compilation and review services. Compilation services entail presenting financial information in the form of financial statements based on management's representations without expressing any assurance, while review services involve performing analytical procedures and making inquiries to provide a limited level of assurance on the financial statements' plausibility. Audit and examination services involve a higher level of assurance and are governed by the Statements on Auditing Standards (SAS). Management advisory services are not covered under SSARS.

The Two Types of Services Provided in Connection with the Statements