Preparation, Compilation & Review Services 26-27

Overview

SSARS 21 significantly changed the way CPA services are being offered. There is still confusion about CPA responsibilities and procedures. The course will discuss differences between bookkeeping, preparation and compilation engagements and how they differ. It will also discuss financial statement frameworks and how they influence the engagement as well as analytical procedures in review engagements.

Highlights

• All recently issued SSARS standards
• Financial reporting frameworks
• Distinguishing special purpose frameworks from GAAP
• CPAs reporting on financial statements
• Financial statement disclosures
• Recently issued ethics standards
• Peer Review Deficiencies 

Prerequisites

None.

Designed For

CPAs and other financial professionals wanting to enhance their knowledge of the topic.

Objectives

Recognize management's responsibilities in preparing financial statements. Identify the practitioner's responsibilities when performing SSARS services. Determine the new Quality Management Standards. Distinguish and compare GAAP and special purpose frameworks. Recognize the need for engagement letters in clearly differentiating the services offered.

Preparation

None.

Notice

This is a pre-recorded broadcast. The Instructor will be available via the live chat feature.