Courses

Surgent's Successfully Navigating the Impacts of SSARS No. 21-23 (SSAR)

Registration Closed

Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Jul 23, 2019, 1:00pm–3:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Basic

Statements of Standards for Accounting and Review Services (SSARS) recently underwent a complete revision through the issuance of SSARS No. 21, Statements of Standards for Accounting and Review Services: Clarification and Recodification. The most monumental change is the creation of a brand new non-attest service entitled "Preparation of Financial Statements." This course will focus on clear and practical guidelines for successfully navigating the changed professional requirements of SSARS No. 21, and subsequent SSARS No. 22 - 24, compared to current practice.

Objective

Describe the difference in the accountantâ€™s responsibilities for services related to preparation of financial statements, compilations and reviews under SSARS No. 21-23
Understand the minimum documentation requirements for each level of service
Identify the required elements of the appropriate accountantâ€™s report

Highlights

Satisfying the completely clarified and revised professional standards related to preparation of financial statements, compilations and reviews, highlighting requirements of SSARS No, 21-23
Differentiating when it is appropriate to perform a preparation of financial statements non-attest service instead of a compilation engagement requiring a report to be issued
Highlighting the major reporting changes for compilations and reviews

Designed For

Practicing CPAs who prepare, compile or review financial statements for clients

Prerequisite

None

Advanced Preparation

None