Plain-Paper Debate: Ins and Outs of new SSARS No. 8
Statement on Standards for Accounting and Review Services (SSARS) No. 8, which went into effect for financial statements issued after Dec. 31, 2000, allows firms to issue "management-use only" financial statements to their clients.
However, certain conditions must exist; specifically, the financial statements must be shown only to management and not to any third parties.