A financial statement review conducted in compliance with Statements on Standards for Accounting and Review Services (SSARS) includes obtaining an understanding of internal control.

Question

Quizplus · Accepted Answer

A financial statement review conducted in compliance with SSARS primarily involves analytical procedures and inquiries of a company's management, rather than obtaining an understanding of internal control, which is more characteristic of an audit.

A Financial Statement Review Conducted in Compliance with Statements on Standards