Exposure Drafts, Comment Letters, and Statements of Position
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Description
The proposed SSARS defines two categories of professional requirements: (1) Unconditional requirements. The accountant is required to comply with an unconditional requirement in all cases in which the circumstances exist to which the requirement applies. An unconditional requirement is indicated by the words must or is required. (2) Presumptively mandatory requirements. The accountant is also required to comply with a presumptively mandatory requirement in all cases in which the circumstances exist to which the requirement applies. The accountant may depart from a presumptively mandatory requirement provided that he or she justifies the departure and how alternative procedure(s) performed in the circumstances were sufficient to achieve the objectives of the requirement. The word should indicates a presumptively mandatory requirement.
Publication Date
2007
Relational Format
Book
Keywords
Accountants -- Standards -- United States
Disciplines
Accounting | Taxation
Recommended Citation
American Institute of Certified Public Accountants. Accounting and Review Services Committee, "Proposed statement on standards for Accounting and review services : Defining professional requirements in statements on standards for accounting and review services;Defining professional requirements in statements on standards for accounting and review services; Exposure draft (American Institute of Certified Public Accountants), 2007, Aug. 22" (2007). Exposure Drafts, Comment Letters, and Statements of Position. 335.
https://egrove.olemiss.edu/aicpa_sop/335
Comments
Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.