SSARS exposure drafts approved

Keep your eyes open for drafts from the ARSC by end of October.

The Journal of Accountancy reports these drafts were approved:

  • Preparation of Financial Statements
  • Compilation Engagements
  • Association With Financial Statements.

The JofA article says:

The new, proposed preparation standard would govern engagements in which the accountant prepares financial statements but does not perform a compilation, review, or audit. The standard would require the accountant to place a legend on each page stating that no assurance is being provided.

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