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Frequently Asked QuestionsSSARS 21, Statements on Standards for Accounting and Review Services: Clarification and Re codification 1. When is it effective? STARS 21 is effective for engagements performed
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Step 1: Start by understanding the purpose of the frequently asked questions (FAQ) section in an SSARS (Statements on Standards for Accounting and Review Services) document.
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Accounting firms that provide review or compilation services
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Clients who engage accounting firms for financial statement services
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Internal teams within an accounting firm who need a reference for frequently asked questions in SSARS
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Frequently asked questions SSARS stands for Statements on Standards for Accounting and Review Services. It provides guidance on accounting and review services.
Individuals or businesses that provide accounting and review services are required to follow the guidelines set forth in SSARS.
To fill out frequently asked questions SSARS, one must carefully review the guidelines provided in the standards and accurately report the required information.
The purpose of frequently asked questions SSARS is to ensure that accounting and review services are performed with a high level of quality and consistency.
Information such as financial statements, accounting practices, and review procedures must be reported on frequently asked questions SSARS.
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