SSARS 25 - Updated Rules for Reviews & Compilations
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
In February 2020 the Statement on Standards for Accounting and Review Services (SSARS) NO. 25 Materiality in a Review of Financial Statements and Adverse Conclusions was issued. This course reviews the new standards for compilations and reviews of financial statements for nonpublic companies and businesses. This includes a discussion on materiality, going concern issues, and adverse conditions. We will discuss the application of the new standard.
Publication Date: June 2024
Topics Covered
Learning Objectives
- Identify new compilation and review requirements
- Identify new requirements in SSARS 25
- Identify the organization that is proposing new rules on fees for attest engagements
- Identify the organization that is considering updating guidance for the management discussion and analysis
- Identify the year SSARS No. 1 was issued
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
