Statements on standards for accounting and review services (ssars) are issued by the
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A summary of ICAEW Library & Information Service holdings of statements and standards issued by the American Institute of Certified Public Accountants (AICPA) prior to the Accounting Standards Codification. What's on this page?
Accounting Standards CodificationOn 1 July 2009 the US Financial Accounting Standards Board (FASB) launched the Accounting Standards Codification as the single source of authoritative non-governmental US GAAP. The codification is effective for interim and annual periods ending after 15 September 2009. The press release FASB Accounting Standards Codification Launches Today, issued on 1 July 2009, outlines the new framework. The codification supersedes all existing non-SEC accounting standards (this includes FASB Statements, EITF abstracts and AICPA Statements of Position). Further information is available from our US Accounting Standards page. The key resource within the Library and Information Service at the ICAEW for AICPA standards and Statements prior to the release of the Accounting Standards Codification was the four volume looseleaf Professional Standards service, which contained:
We also have a range of other AICPA publications in the Library collection, including:
Statements prior to the Accounting Standards CodificationStatements of Position (SOP)Statements of Position are issued by the Accounting Standards Division or the Auditing Standards Division of AICPA. The Library and Information Service holds a copy of the looseleaf AICPA service ‘Technical Aids’ (Volume 2) which collects all current Statements of Position.
From ‘Technical Practice Aids’, Volume 2:
The AICPA website lists Audit and Attest Standards which include recently issued Attestation Statements of Position. Statements on Auditing Standards (SAS)Statements on Auditing Standards are issued by the Auditing Standards Board, the senior AICPA committee for auditing, attestation and quality control.
In the Professional Standards volume it is noted that Statements on Auditing Standards are recognized ‘as interpretations of generally accepted auditing standards’ and that members are required to justify any ‘departures from such Statements’. The AICPA website lists Audit and Attest Standards which include:
Statements on Standards for Accounting and Review Services (SSARS)Statements on Standards for Accounting and Review Services are issued by the AICPA Accounting and Review Services Committee, the senior technical committee designated to issue pronouncements in connection with the unaudited financial statements or other unaudited financial information of non-public entities.
The AICPA website lists Audit and Attest Standards which include:
In addition, the site also provides Technical Activities and Publications including some letters and appendices issued by the staff of the Accounting and Review Services Committee relating to certain Statement on Standards for Accounting and Review Services (SSARS). AICPA Technical Publications including SSARS can be obtained from the AICPA store. Statements on Standards for Attestation Engagements (SSAEs)Statements on Standards for Attestation Engagements (SSAEs) are issued by senior technical bodies of the AICPA, designated to issue pronouncements on attestation matters. The introduction to the attestation standards in the Professional Standards volume states that these ‘provide guidance and establish a broad framework for a variety of attest services increasingly demanded of the accounting profession’.
The AICPA website lists Audit and Attest Standards which include:
Other AICPA publicationsWe have a wide range of AICPA publications in the Library collection, including
AICPA JournalsJournal of AccountancyThe Journal of Accountancy is a monthly publication giving the latest news and developments related to the field of accounting relevant to CPAs and other accounting professionals. The journal was first published in 1905 and the ICAEW Library and Information Service holds a run from 1905 to the present day as follows:
The current year of the Journal and the previous three years are available within the Library to personal visitors or for immediate enquiries by remote users (email/telephone). Older copies of the journal are held in store and advance notice is required if members wish to consult them in person or we can answer queries from then for remote users once they are retrieved from store. In the ICAEW Library the key articles from the Journal of Accountancy are abstracted for LibCat, the Library's online catalogue.
The AICPA provides an online edition of the Journal of Accountancy which includes most of the articles in full text but omits some of the content from the printed version due to reasons of copyright/timeliness. The archive allows users to browse or search issues from 1997 to date. The CPA LetterThe CPA Letter was first published in 1973 and the ICAEW Library holds a collection of issues from 1973 to 1998 with some gaps. It is now published online and the current issue can be accessed at the AICPA website along with an archive of all issues in full text back to July/August 1996. A separate archive is available for Disciplinary Actions dating back to November 2000. The Tax AdviserThe Tax Adviser monthly magazine published by AICPA, subtitled as the magazine of planning, trends and techniques. The journal is available in full text online to AICPA members who belong to the AICPA Tax Division with an archive of issues back to July 1997. Non-members can access a monthly table of contents for each issue. We hold issues of The Tax Adviser for one year plus the current year in the Library. AICPA NewslettersThe AICPA offers newsletters on a wide range of topics and areas of interest to CPAs. The Practicing CPAFull text of The Practicing CPA has been published by AICPA's Private Companies Practice Section since September 1991. An online archive of issues back to January 1997 is available on the website. To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post or email through our document supply service. Can't find what you are looking for?If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at . ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice. WHO Issues Statements on Standards for Accounting and Review Services?On February 11, 2020, the American Institute of Certified Public Accountants's (AICPA) Accounting and Review Services Committee issued Statement on Standards for Accounting and Review Services (SSARS) No. 25, "Materiality in a Review of Financial Statements and Adverse Conclusions".
WHO issued Ssars?The American Institute of CPAs (AICPA) Accounting and Review Services Committee (ARSC) has issued SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
Why was Ssars developed by the aicpa?The purpose of the proposed SSARS was to effectively communicate the accountant's responsibilities when the accountant is associated with financial statements on which the accountant had not performed a compilation, review, or audit.
What does Ssars mean in Accounting?Statement on Standards for Accounting and Review (SSARS) No. 21 represents the efforts of the AICPA's Accounting and Review Services Committee (ARSC) to clarify and revise the existing standards for reviews, compilations, and engagements to prepare financial statements as a result of ARSC Clarity Project.
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