A person whose spouse has died within the tax year and who may file a joint tax return for that year. Additionally, the surviving spouse can file joint returns for the next two years if they remain unmarried and maintain a household as the principal residence for a dependent child.
SAS
[S-A-S]
What is the definition of SAS?
Statements issued by the Accounting Standards Board of the American Institute of Certified Public Accountants (AICPA), which provide guidelines and rules for conducting audits and other financial reporting activities.
Using SAS in an Example
The SAS guidelines help ensure that audits are conducted in a consistent and thorough manner, providing reliable financial information to stakeholders.
Using SAS in a sentence
During the audit meeting, the lead auditor referenced several SAS provisions to justify the audit techniques being proposed.
Related Terms
Swap
A financial contract in which two parties agree to exchange streams of payments over a specified period, based on different indices such as interest rates, foreign exchange rates, or equity indices, applied to a notional amount. Swaps typically do not involve the exchange of principal.
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