Compilation and Review Update - New Formats, SSARS21

This training program leads to an understanding of the recently effective SSARS 21 which supersedes SSARS 19. It will provide insight for accountants in public practice and accountants in industry who will be engaged in compilation and review services with year ends after December 15, 2015.

Why Should You Attend:

What has the AICPA’s Accounting and Review Services Committee been up to lately? What kind of changes are ahead for preparation, compilation, and review engagements? The Committee has rewritten guidance in regard to these engagements.

This webinar will analyze which preparation engagements now require SSARS 21 guidance as well as what has happened to the “management use only” compilation engagement. The course will also review numerous examples of the new format for compilation and review engagements.

Learning Objectives:

• Understand general requirements for SSARS engagements
• Learn details of new financial statement preparation engagement requirements
• Review compilation and review engagement requirements
• Discuss the elimination of “management use only” compilations
• Understand new formats for compilation and reviewing reports
• Compare and contrast preparation, compilation and review engagements

Areas Covered in the Webinar:

• General requirements for all preparation, compilation and review engagements
• Requirements for engagement letters
• Requirements for understanding of the client, industry and environment
• When SSARS does and does not apply to preparation engagements
• Attest versus non attest engagements
• Reporting requirements
• Disclosure requirements

Who Will Benefit:

• Accountants in Public Practice
• Business Owners
• Chief Financial Officers
• Compliance Managers & Officers
• Risk Managers and Officers
• Controllers
• Retail Businesses Owners
• Lenders and Investors