| AICPA allows low-cost options for compiled financial statements. | |
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MedLine Citation:
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PMID: 11842504 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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The AICPA Accounting and Review Services Committee's (ARSC) SSARS No. 8, Amendment to Statement on Standards for Accounting and Review Services No. 1, Compilation and Review of Financial Statements, issued in October 2000, allows financial managers to provide plain-paper, compiled financial statements for the exclusive use of management. Such financial statements were disallowed in 1979 when the AICPA issued SSARS No. 1, Compilation and Review of Financial Statements. With the issuance of SSARS No. 8, financial managers can prepare plain-paper, compiled financial statements when third parties are not expected to rely on the financial statements, management acknowledges such restrictions in writing, and management acknowledges its primary responsibility for the adequacy of the financial statements. |
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Authors:
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Alan Reinstein; Randall W Luecke |
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Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Healthcare financial management : journal of the Healthcare Financial Management Association Volume: 56 ISSN: 0735-0732 ISO Abbreviation: Healthc Financ Manage Publication Date: 2002 Feb |
Date Detail:
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Created Date: 2002-02-14 Completed Date: 2002-03-08 Revised Date: - |
Medline Journal Info:
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Nlm Unique ID: 8215859 Medline TA: Healthc Financ Manage Country: United States |
Other Details:
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Languages: eng Pagination: 62-4 Citation Subset: H |
Affiliation:
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School of Business, Wayne State University, Detroit, Michigan, USA. a.reinstein@wayne.edu |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Accounting
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standards* Contract Services / standards* Cost Control Decision Making, Organizational Financial Audit / standards* Financial Management, Hospital / standards* Forms and Records Control Societies United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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