Understanding SSARS 21 to 24 (CFPE)

Customer Rating

Rated 5 out of 5

Field of Study
Auditing

Level
Basic

Credits
4

Qualifies For
CPE

Price: $ 39.99

Be the go-to person on financial statement compilation and preparation engagements. Specifically designed for those performing preparation and compilation engagements, this course will provide you with a hands-on application for performing preparation and compilation engagements under AR-C Section 70 and 80, respectively. You will learn the ins and outs of relevant sections of the SSARS related to preparation and compilation engagements with a focus on how recently issued updates to SSARS No. 21 impact these engagements. More importantly, you will be provided practical examples and illustrations to help you effectively and efficiently perform those engagements, including a detailed discussion of the reporting requirements under AR-C 80 related to compilation engagement. Lastly, the course will review recent peer review feedback on these types of engagements, highlighting areas where you can improve engagement quality.

Additional information

year	2023
version	01
Credits	4
Company Code	Self Study
Format	On Demand
Yellow Book Approved	0
CFP Approved	0
IRS Approved	0
CTEC Approved	0
Field of Study Credits	Auditing (4)
Field of Study Department	Auditing
Course Version	2023-01
CPE Approved	1

Pre-requistes:

Experience in performing and managing preparation and compilation engagements

Knowledge Level:

Basic

Major Topics:

Proposed changes to the SSARS guidance
Complete illustrations of relevant engagement letters, reporting and other required communications for preparation and compilation engagements
SSARS No. 21 implementation issues and peer review feedback
Comprehensive sample engagement work programs for preparation and compilation engagements
Relevant sections of SSARS No. 21, Clarification and Recodification
Prescribed form, specified line item, pro forma, and other engagement variations
Updates to SSARS No. 21 guidance due to issuance of SSARS Nos. 22, 23 and 24

Learning Objectives:

The concepts that provide a basic framework for performing and reporting on financial statement preparation, compilation, and review engagements;
The changes implemented with Statements on Standards for Accounting and Review Services No. 21, Statements on Standards for Accounting and Review Services: Clarification and Recodification, as well as changes brought by SSARS No. 22, Compilation of Pro Forma Financial Information (AR-C section 120), and SSARS No. 23, Omnibus Statement on Standards for Accounting and Review Services – 2016 and SSARS No. 24, Omnibus Statement on Standards for Accounting and Review Services –2018;
Changes to the SSARS guidance with the recent issuance of SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions; and
SSARS No. 26, Quality Management for an Engagement Conducted in Accordance with Statements on Standards for Accounting and Review Services.

Designed For:

Accounting practitioners and their staff performing and managing preparation and compilation engagement services