Cover the basic requirements for performing preparation, compilation, and review engagements under Statements on Standards for Accounting and Review Services (SSARS), including the new SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
DESIGNED FOR
CPAs in public accounting
BENEFITS
After completing this course, you will be able to:
- Recognize the foundational principles of SSARS.
- Identify the new requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
- Indicate processes to achieve high-quality SSARS engagements.
HIGHLIGHTS
The major topics covered in this class include:
- Basic requirements included in AR-C Section 60, General Principles; AR-C Section 70, Preparation of Financial Statements; AR-C Section 80, Compilation Engagements; and AR-C Section 90, Review of Financial Statements
- New requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions
- Common peer review findings
- Practice tips for high-quality engagements
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None