2024 Statements on Standards for Accounting and Review Services (SSARS) for CPAs: Spring Update (Currently Unavailable)
Author: Pat Patterson
| CPE Credit: |
2 hours for CPAs |
This course is about preparation, compilation, and reviews professional standards, which represent significant changes in authoritative professional standards like SSARS 21, SSARS 22, SSARS 23, SSARS 24, SSARS 25 and SSARS 26. Engagement Letters, Reports (or lack thereof), Disclosures, Documentation, and Ethical considerations from the newly Revised AICPA Code of Professional Conduct are explained, discussed, and examples are given for illustrations. Selected attest vs nonattest issues are dealt with. Selected Independence and Ethics 1.295 concepts are discussed.
Publication Date: May 2024
Designed For
Professionals in public practice, industry, government, and education who deal with nonpublic entities and need a course in preparation, compilation, review engagements, and procedures.
Topics Covered
- Selected Issues in SSARS Standards
- Update of Preparation, Compilation, Review Standards
- Selected Issues about Engagement Letters, Report, Disclosures, Documentation, and Ethics (NOCLAR)
- Other matters considered important and timely
Learning Objectives
- Identify the changes in preparation, compilation, and review standards for SSARS 21, 22, 23, 24. 25, and 26
- Identify the current issues about Preparation of Financial Statements, Compilations, and Reviews
- Identify the issues in Preparation, Compilation, and Review engagement letters and review representation letters specified in SSARS 26 and earlier SSARSs
- Explain documentation standards which will be reviewed for changes required by new preparation, compilation, and review standards plus documentation outside of SSARS 21 - 26 for all engagements
- Identify the provisions of Ethics 1.295 for revisions and updates in attest/nonattest applications specifically dealing with preparation, compilation, and review issues
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
General understanding of SSARS requirements
Advance Preparation
None
