SSARS 25 (1) contains an explicit requirement related to determining materiality, (2)
allows for the expression of an adverse review conclusion when financial statements
are materially and pervasively misstated, and (3) requires a statement regarding
independence in the accountant’s review report. In addition, the SSARS converges
AR-C Section 90, “Review of Financial Statements,” with International Standard for
Review Engagements 2400 (revised), Engagements to Review Historical Financial
For more information, see the At a glance overview on the AICPA’s Web site.