Question

North co., a nonissuer, asked its tax accountant, king, a cpa in public practice, to generate north's interim financial statements on king's personal computer when king prepared north's quarterly tax return. king should not prepare these financial statements unless, as a minimum, king complies with the provisions of

Answer 1

I believe the answer is: Statements on Standards for Accounting and Review Services.

Statements on Standards for Accounting and Review Services refers to an authoritative declaration on an unaudited financial statement (usually the financial statement of the company that is not selling its share on the market). This statement is issued by Accounting and Review Services Committee.