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Taxation

University of Mississippi

Exposure Drafts, Comment Letters, and Statements of Position

1980

Financial statements -- United States; Financial statements

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Proposed Statement On Standards For Accounting And Review Services : Financial Statements Included In Certain Prescribed Forms;Financial Statements Included In Certain Prescribed Forms; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Sept. 30, American Institute Of Certified Public Accountants. Accounting And Review Services Committee Jan 1980

Proposed Statement On Standards For Accounting And Review Services : Financial Statements Included In Certain Prescribed Forms;Financial Statements Included In Certain Prescribed Forms; Exposure Draft (American Institute Of Certified Public Accountants), 1980, Sept. 30, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Exposure Drafts, Comment Letters, and Statements of Position

The proposed statement, which will amend certain paragraphs of SSARS 1, makes it clear that the accountant's reporting obligation, discussed in paragraphs 5 through 7, of SSARS 1, extends to the compilation or review of financial statements included in a prescribed form but it provides a modified form of standard compilation report when the prescribed form or related instructions call for departure from generally accepted accounting principles (including disclosures) or, where applicable, from a comprehensive basis of accounting other than generally accepted principles.