The official Statements on Standards for Accounting and Review Services are applicable to practice with
A) Audited financial statements of public companies.
B) Unaudited financial statements of public companies.
C) Unaudited financial statements of nonissuers.
D) Audited financial statements of nonissuers.

Question

Quizplus · Accepted Answer

The Statements on Standards for Accounting and Review Services (SSARS) apply to nonissuers and address the standards for review, compilation, and preparation of financial statements. They do not apply to audited financial statements of public companies (which are subject to the more stringent standards for audits of public companies under PCAOB).

The Official Statements on Standards for Accounting and Review Services