AccSEC Definition

AccSEC is Accounting Standards Executive Committee.

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COMPILATION is the presentation of financial statement information by the entity without the accountant's assurance as to conformity with Generally Accepted Accounting Principles (GAAP). In performing this accounting service, the accountant must conform to the AICPA Statements on Standards for Accounting and Review Services (SSARS).

FINANCIAL BUDGET is focused on capital expenditures and on a business's budgeted cash position:

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