SSARS Practice Issues and Standards Update 2024

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  • Date/Time
    • Nov 25, 2024
    • Sign In: 8:30am (MT)
    • Program: 9:00am - 12:30pm (MT)
    • Add to Calendar
  • Location
    • Your Computer
      Your Space
      ISCPA / CalCPE Webinar, ID 00000
  • Credits
    • 4.00
  • Credit Type(s)
    • Accounting (4.00)
  • Prerequisites
    • None

  • Vendor
    • California CPA Education Foundation
  • Level
    • Basic
  • Fields of Study
    • Accounting

Description

SSARS #21 codified and clarified all previous SSARS standards and was effective for financial statements ending on or after December 15, 2015. It revised existing standards, upgraded service requirements, and introduced a new level of service - the "Preparation Engagement." SSARS #21 requires numerous practice issues for the various service levels, including confirming the services to be provided to the client, attest vs. non-attest services, required procedures to be performed and documentation of them, and reporting requirements for each level of service. SSARS #21 also addresses specific issues overlooked in the original standard. Updates to SAS #21 are also provided and discussed.

  • Presenters - Eugene J. Ristaino
  • Designed For

    Designed For: CPAs currently providing preparation, compilation and review services.
  • Role Level - Manager/Senior Manager; Director; Sole Practitioner
  • Objectives

    • Recognize relevant features of each level of service under the SSARS standards
    • Determine which practice issues have the most significant impact on practitioners providing services under the SSARS standards, including maintaining independence when providing various non-attest services
    • Identify best practices for providing both attest and non-attest services

    Highlights

    • Review of applicable SSARS standards, including standards updates
    • Review of AICPA professional ethics requirements
    • In-depth discussion of non-attest services
    • Review of independence issues for SSARS services
    • Overview of SSARS #21-performance, documentation and other requirements
    • Detailed analysis of preparation vs. compilation engagements
    • Detailed analysis of review engagements

    Advanced Prep

    None

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    Leaders

    CALCPE Panel

    No Biography Available

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