Question

Statements on Standards for Accounting and Review Services (SSARS) are issued by the

A) Accounting and Review Services Committee.
B) Professional Ethics Executive Committee.
C) Securities and Exchange Commission.
D) Financial Accounting Standards Board.

Answer 1

A. Accounting and Review Services Committee.

Step-by-step explanation:

The accounting and review service committee is a committee designed to issue pronouncements in connection to unaudited financial statements or other unaudited financial information of nonpublic entities. It usually consists of seven members, all of which are members of American Institute of Certified Public Accountant (AICPA). Periodically, they issue omnibus statements which are revisions to the existing Statements on Standards for Accounting and Review Services (SSARS).