Magazine article The CPA Journal

Accounting and Review Services Meets to Consider the Testimony at the August Hearing

Magazine article The CPA Journal

Accounting and Review Services Meets to Consider the Testimony at the August Hearing

Article excerpt

The AICPA's Accounting and Review Services Committee met on October 13, 1997, to consider the comments of nineteen speakers that participated in person or by phone at its public hearing in Rosemont, Illinois on August 27-28, 1997. The purpose was to hear views onthe need to clarify Standards for Accounting and Review Services (SSARS) to more easily distinguish when CPAs are required to compile unaudited financial statements and when they are not,

* the advisability in some cases of exempting CPAs from the requirement to compile financial statements, and

the advisability of permitting CPAs to issue plain paper statements.

Nineteen speakers participated in the hearing. Others submitted comments in writing before and after the hearing.

On the issue of whether CPAs should be permitted to issue plain-paper statements, a tally of the views expressed shows three were in support of and 25 opposed to plainpaper statements. Many of those testifying represented technical committees of state societies of CPAs. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.