Receive an update to some of the key issues involved in performing preparation, compilation, and review engagements in accordance with SSARS, including the areas cited most frequently as creating problems for practitioners.
Review all of the changes to SSARS within the last couple of years as well as changes to the AICPA Code of Professional Conduct (Code) and the Quality Control Standards.
Many practitioners have not incorporated all of the changes that resulted from SSARS #21 and the changes to the code that were directly related. In particular, changes were made in respect to independence when performing nonattest services for attest clients. Additionally, even though independence is not required for a preparation engagement, many practitioners overlook the implications of performing a preparation engagement on other engagements that may be performed for the same client.
Review recent changes to SSARS and their effects on the performance of services.
Determining when independence is required and how to make certain it is not impaired.
Identifying when the practitioner should perform a compilation, a preparation engagement, or a bookkeeping engagement when submitting financial statements to a client.
Improving the efficiency and effectiveness of engagements related to unaudited financial statements.
SSARS #21, 22 and 23
Relevant changes to the AICPA Code of Professional Conduct and the Quality Control Standards
Performing efficient and effective engagements in accordance with SSARS
Designed For: CPAs, auditors and financial professionals.
Instructor: Mark E. Dauberman, CPA
CPE Credits: 4
Area of Study: AccountingPrerequisite: Familiarity with SSARS and the performance of SSARS engagements.