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Plain paper financial statements--do they meet the test?
- Article from:
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The CPA Journal
- Article date:
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April 1, 1996
- Author:
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Copyright informationCopyright New York State Society of Certified Public Accountants Apr 1996. Provided by ProQuest LLC. (Hide copyright information)
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In September 1995, the AICPA Accounting and Review Services Committee (ARSC) issued an exposure draft entitled, Assembly of Financial Statements for Internal Use Only. This proposed Statement on Standards for Accounting and Review Services (SSARS) provides an exemption from the requirements of SSARS 1 and, in doing so, defines a new level of service by which CPAs can submit financial statements to a client. [See page 8 for an update on the status of the proposed statement.]
ASSEMBLY OF FINANCIAL STATEMENTS
The proposed SSARS defines assembly of financial statements as follows:
Providing various manual or automated bookkeeping or data processing services, the output of which is in the form ...