A6

Question 1

What standards are applicable for a compliation of a nonissuer?

Answer 1

SSARS (Statements on standards for accounting and review services)

Question 2

what is the accounting and review services committee

Answer 2

the authoritative body designate to promulgate standards concerning an accountant’s association with unaudited financial statements of a nonissuer (i.e.., an entity that is not required to file financial statements with an agency regulating the issuance of the entity’s securities)

Question 3

when does SSARS apply

Answer 3

preparation, compilation or review of financial statements (not used to give to the IRS)

Question 4

what type of engagement is considered a non-attest engagement?

Answer 4

preparation engagement & performed in accordance with SSARS