Which of the following represents the standards followed by CPAs providing a review of a client's financial statements?
A)Statements on Standards for Accounting and Review Services.
B)Statements on Auditing Standards.
C)Statements on Standards for Consulting and Review Services..
D)Statements on Accounting Principles.

Question

Quizplus · Accepted Answer

The Statements on Standards for Accounting and Review Services (SSARS) provide guidance and standards for CPAs when performing reviews of a client's financial statements. Option B, Statements on Auditing Standards, relate to audits, while option C, Statements on Standards for Consulting and Review Services, do not specifically address reviews of financial statements. Option D, Statements on Accounting Principles, are generally accepted accounting principles (GAAP) that guide the overall accounting practices.

Which of the Following Represents the Standards Followed by CPAs