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100-minute live streaming program
  • May 3
  • 1:00 - 2:40 pm EST

General Principles for Engagement Performed in Accordance With SSARS

May 3

Understand the requirements and principles related to SSARS engagements and avoid common pitfalls.

In addition to introducing the preparation engagement and re-writing SSARS to codify and clarify the standards, SSARS 21 instituted many changes that affect the way practitioners evaluate, perform, and document engagements. Services that were previously considered part of a SSARS engagement have been separated and, unless new requirements are complied with, may impair the accountant’s independence and increase potential engagement-related liability.

This topic will provide an overview of the general requirements and principles related to SSARS engagements with an emphasis on common pitfalls and means of avoiding them. It will assist the practitioner in determining which engagement, bookkeeping, preparation, or compilation, is most appropriate under different circumstances and will provide practical tips on how to save time in performing SSARS engagements and developing systems that will prove useful for current and future engagements.

Learning Objectives

  • You will be able to review recent pronouncements.
  • You will be able to discuss engagements related to unaudited financial statements.
  • You will be able to define general performance principles.
  • You will be able to describe how to improve efficiency and effectiveness of SSARS engagements.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Recent Pronouncements
  • SSARS 21 – Statement on Standards for Accounting and Review Services: Clarification and Recodification
  • SSARS 22 – Compilation of Pro Forma Financial Information
  • SSARS 23 – Omnibus Statement on Standards for Accounting and Review Services – 2016
  • SSARS 24 – Omnibus Statement on Standards for Accounting and Review Services – 2018
  • SSARS 25 – Materiality in a Review of Financial Statements and Adverse Conclusions
Understanding Engagements Related to Unaudited Financial Statements
  • Choosing the Appropriate Engagement
  • SSARS Preparation Engagements Versus Bookkeeping Engagements
  • Compilation and Review Engagements
General Performance Principles
  • Interpreting the Requirements of Standards
  • Requirements Related to Acceptance
  • Requirements Related to Performance
  • Requirements Related to Reporting
  • Requirements Related to Documentation
Significant Issues Affecting Liability
  • Engagements Involving Preparation and Compilation or Review
  • Bookkeeping Adjustments Versus Findings
  • Changes to Independence Requirements
Improving Efficiency and Effectiveness of SSARS Engagements
  • Preparing Financial Statements and Disclosures
  • Opportunities to Improve Efficiency by Eliminating Duplicative Procedures
  • Applying Alternatives to Checklists to Improve Efficiency and Effectiveness of Engagements
  • Using SSARS Engagements as Practice Builders
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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • CPE 2.0 including Accounting 2
     
  • Lorman Education Services 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 final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Accounting for 2.0 hours. Prerequisite: basic knowledge of general accounting. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CPAs, controllers, CFOs, tax managers, tax preparers, finance directors, accounts payable professionals, and bookkeepers.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mark E. Dauberman, CPA, EMBA

Mark E. Dauberman, CPA, EMBA

Mark Dauberman

  • A consultant to CPA firms specializing in engagements for nonpublic entities and compliance with professional standards
  • Has written and taught CPE courses related to financial accounting and SSARS engagements since the inception of SSARS in 1978
  • Has written and taught courses for the California Society of CPAs, California State University and Los Angeles, and other organizations and teaches courses for the AICPA
  • Until recently, he was the author of CCH’s authored “Knowledge Based Preparation, Compilation, and Review Engagements” and updated their checklists for SSARS engagements
  • Also serves as an expert witness in the defense of accountants on matters related to compliance with standards, ethics, and engagement performance
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407337
Published 2021
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