Exposure draft of Proposed Statement on Standards for Accounting and Review Services released for comment.

The Accounting and Review Services Committee has issued Proposed Statement on Standards for Accounting and Review Services, Applicability of Statements on Standards for Accounting and Review Services (Amends SSARS 1, Compilation and Review of Financial Statements [AICPA, Professional Standards, vol. 2, AR. sec. 100]). Comments are due Jan. 9, 2009. The proposed SSARS amends AR Section 100 to revise the applicability of the SSARSs so that SSARSs do not apply when the provisions of proposed SAS, Interim Financial...