A public company interim review is performed following standards of the PCAOB and the review report refers to SSARS.

Question

Quizplus · Accepted Answer

The PCAOB, which stands for Public Company Accounting Oversight Board, sets auditing standards for public companies. The use of SSARS, which stands for Statements on Standards for Accounting and Review Services, is not consistent with PCAOB standards, as SSARS is used for reviewing and compiling financial statements for non-public companies. Therefore, while an audit of a public company may reference PCAOB standards, it would not reference SSARS.

A Public Company Interim Review Is Performed Following Standards of the PCAOB