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