This course addresses recent changes to the Statement on Standards for Accounting and Review Services (SSARS) codified through SSARS 21, SSARS 22, and SSARS 23. SSARS 21 resulted in the most significant revisions to the compilation and review standards in over 35 years and introduced a new lower-level service referred to as a preparation engagement. We present the SSARS 21 changes using a comparative analysis format highlighting the differences between the current standards and those previously mandated by SSARS 19. Further, we introduce the new Pro Forma and Prospective Financial Information standards (SSARS 22 and SSARS 23) emphasizing their application from the perspective of small and medium-sized entities.
Upon completion of this two-hour course, you will identify the:
- Get a 115-page PDF manual
- Substantive compilation and review engagement changes mandated by SSARS 21,
including new engagement letters, completely revised management representation
letters, and dramatically different accountant’s reports;
- New requirements for preparation engagements;
- Differences between review, compilation, and preparation engagements, and the
level of service best suited for your clients;
- Significant changes to the Pro Forma and Prospective Financial Information
- Most common SSARS related peer review findings;
- Board of Accountancy’s SSARS related regulatory changes; and
- Updated reporting requirements for financial statements prepared in accordance
with special purpose financial reporting frameworks.
Course level: Basic
No advanced preparation is required.
This self-study is part of Spidell's Premier Accounting Webinars series.
Attendees of the live or on-demand SSARS Update webinar are not eligible for this course.
Want to order by phone? Call us at: (714) 776-7850
Spidell Publishing, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 2 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Accounting. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.
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