Question

Which of the following forms of review are permissible under SSARS?

1) Compilation
2) Review
3) Audit
4) Agreed-upon procedures

Answer 1

Permissible forms of review under SSARS include compilation and review. Audits and agreed-upon procedures are not covered by SSARS but are guided by GAAS and SSAE, respectively. The correct answer is option C

Step-by-step explanation:

The forms of review permissible under Statement on Standards for Accounting and Review Services (SSARS) include:

1. Compilation
2. Review

An audit is not covered under SSARS but instead falls under the auditing standards issued by the AICPA, known as Generally Accepted Auditing Standards (GAAS). Agreed-upon procedures engagements are also not covered by SSARS, they are guided by the Statement on Standards for Attestation Engagements (SSAE). The correct answer is option C