Understanding and Applying SSFS No. 1
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Understanding and Applying SSFS No. 1

1 year ago · 1 hour 3 min watch

SECTION

EXCLUSIVE

The Statement on Standards for Forensic Services No. 1 was effective for engagements providing forensic services accepted on or after January 1, 2020. SSFS No. 1 defines forensic services and reasserts many of the general standards of the profession. It also provides authoritative guidance on the allowability of agreed-upon procedures, contingent fee arrangements, and conclusions on fraud. During the past year, questions have been raised regarding the standard and implication of such to forensic engagements.

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