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TUI CILII Lypical Step & SARS TUView, Classily ule procedure as an analyucal procedure, an other review procedure, or an inquiry of management. Compare recorded amounts developed to expectations designed Inquire as to communications from regulatory agencies Other Review Procedure Analytical Procedure Inquiry of Management Read the minutes of board meetings Inquire as to the accounting principles, practices, and methods used Read financial statements Develop expectations by Identifying and using plausible relationships that are reasonably expected to exist Determine status of unrecorded adjustments Reset Required information Ch19 Procedures in a SSARS Engagement (LO19-6] Procedures in a SSARS Engagement Read the overview below and complete the activities that follow Many small or medium-size clients do not require audits but simply want to issue a reviewed report. To provide CPAS with guidance to meet the needs of these clients, the AICPA established the Accounting and Review Services Committee. This committee sets standards for unaudited financial statements. CONCEPT REVIEW: SSARS (Statements on Standards for Accounting and Review Services) includes guidance for reviews with no annual audit performed. The objective is to obtain limited assurance that there are no material modifications that should be made to the financial statements to be in conformity with GAAP art 1. Drar and Dron