PwC Comments on Proposed SSARS, The Applicability of Statements on Standards for Accounting and Review Services

PwC supports the proposed revision of paragraph .01 of AR 90, Review of Financial Statements, such that the SSARS would not apply to a review of interim financial information when the accountant audited the entity’s latest annual financial statements and the appointment of an auditor to audit the current year financial statements is not effective prior to the beginning of the period covered by the review.

Comment letter

October 28, 2010

Mr. Michael Glynn
Audit and Attest Standards
American Institute of Certified Public Accountants
1211 Avenue of the Americas
New York, N. 10036-8775

Re: Proposed Statement on Standards for Accounting and Review Services, The Applicability of Statements on Standards for Accounting and Review Services

Dear Mr. Glynn:

PricewaterhouseCoopers LLP appreciates the opportunity to comment on the proposed Statement on Standards for Accounting and Review Services (SSARS), The Applicability of Statements on Standards for Accounting and Review Services.

We support the proposed revision of paragraph .01 of AR 90, Review of Financial Statements, such that the SSARS would not apply to a review of interim financial information when the accountant audited the entity’s latest annual financial statements and the appointment of an auditor to audit the current year financial statements is not effective prior to the beginning of the period covered by the review.

We appreciate the opportunity to express our views and would be pleased to discuss our comments or answer any questions you may have. Please contact Brian Richson (973-236-5615) regarding our submission.

Sincerely,