The Institute's Accounting and Review Services Committee (ARSC) released three statements on standards for accounting and review services (SSARSs) and an interpretation (see Official Releases, page 109).The Institute's Accounting and Review Services Committee (ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ) released three statements on standards for accounting and review services (SSARSs) and an interpretation (see Official Releases, page 109). SSARS SSARS Statements on Standards for Accounting and Review Services no. 12, Omnibus omnibus: see bus. Statement on Standards for Accounting and Review Services--2005 (# 060650JA); SSARS no. 13, Compilation of Specified Elements, Accounts, or Items of a Financial Statement (# 060651JA); and SSARS no. 14, Compilation of Pro Forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma Financial Information (# 060652JA), can be ordered from www.cpa2biz.com or from the AICPA AICPA See American Institute of Certified Public Accountants (AICPA). at 888-777-7077. The interpretation, "Applicability of SSARSs to Reviews of Nonissuers Who Are Owned by or Controlled by an Issuer," which relates to SSARS no. 1, Compilation and Review of Financial Statements, is available at www.aicpa.org /download/members/div/auditstd/SSARS _Interpretation_SSARS_Applicability. pdf. The ARSC also issued new and revised illustrative representation letters for engagements performed under the SSARSs, revised illustrative inquiries for review engagements and a revised illustrative successor accountant acknowledgement letter. These documents are available at www.aicpa.org/ members/div/auditstd/technic_arsc.asp. |
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