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What Is SSARS
SSARS is an acronym that stands for “Statements on Standards for Accounting and Review Services”.
Essentially, SSARS deals with the compilation and review of financial statements.
Many are familiar with SSARS No. 21 which has been put together by the AICPA Accounting And Review Services Committee to clarify and revise the standards for reviews, compilations, and engagements to prepare financial statements.
What Does SSARS Stand For
SSARS is an acronym that can stand for a couple of things.
First, SSARS can stand for Statements on Standards for Accounting and Review Services.
Second, SSARs can also stand for Stock-Settled Appreciation Rights.
The most common use of SSARS is to refer to the standards for accounting and review services that accounting professionals must consider when preparing financial statements.
SSARS Meaning Takeaways
So there you have it folks!
What Does SSARS Mean
In business and finance, SSARS is an acronym commonly used to refer to Statements on Standards for Accounting and Review Services.
Now that you know what SSARS means, good luck with your research and preparation of financial statements!
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