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Comment on AICPA’s proposed SSARS

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Grant Thornton submitted a letter to the AICPA commenting on a proposed Standards for Accounting and Review Services, Materiality in a Review of Financial Statements; Adverse Conclusions; and Special Purpose Frameworks. The letter supports the AICPA objectives to reduce unnecessary differences between the SSARS and International Standard on Review Engagements (ISRE) 2400 (Revised) and to maintain consistency with certain concepts in the auditing standards. The firm also submitted responses to the AICPA’s requests for comment.

Read our comment letter