What Does Ssars Stand For

Now consider the financial implications for the company granting SSARsessentially as a stock option, whereby there is an automatic share buy-back with the exercise proceeds (and in some cases, the tax deduction).

This change is designed to eliminate diversity in practice that has occurred as a result of technological changes that have made the concept of "submission" as envisioned in SSARSNo. 8 accounting and auditing issues you can't afford to ignore: financial reporting realm has seen significant changes

Before SSARS21, if the accountant was not engaged to perform an audit or a review, a compilation was required when the accountant was engaged to report on compiled statements or when submitting financial statements to a client or third parties. Making a statement: applying SSARS 21 to your practice

Under SSARSInterpretation 3 (ARI 100.06-.08), CPAs are clearly permitted to perform other procedures if, in their professional judgment, they are helpful. Clarifying misconceptions about compilations and review