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Statement on Standards for Accounting and Review …

Statement on Standards for Accounting and February 2020 Review Services 25 Issued by the Accounting and Review Services Committee Materiality in a Review of Financial Statements and Adverse Conclusions (Amends Statement on Standards for Accounting and Review Services No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, as amended: Section 60, General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services [AICPA, Professional Standards , AR-C sec.)]

related notes disclosures, intended to communicate an entity’s economic resources and obligations at a point in time, or the changes therein for a period of time, in accordance with a financial reporting framework. The related notes ordinarily comprise a summary of significant accounting policies and other explanatory information.

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