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OnDemand Course

SSARS 24 and 25: Compilation and Review Standards Update

Learn to identify and respond to requirements for reporting and how comply with expanded professional standard responsibilities.

The Statements on Standards for Accounting and Review Services continue to expand the responsibilities of the accountant. Compliance with these evolving standards is essential for all CPAs to maintain the quality of their practice in the face of today's complex accounting environment. The challenges of keeping current with financial statement presentation and attestation reporting while continuing to provide timely client service require the CPA to maximize their learning in an efficient manner. This topic will focus on critical new requirements in the most recent pronouncements by the AICPA's Accounting and Review Services Committee in order to communicate a comprehensive understanding what is required by professional standards is fundamental to planning and conducting SSARS engagements today.

100 minutes
Certificate of Completion
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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

Statement on Standards for Accounting and Review Services No. 24

  • New AR-C Section: Special Considerations - International Reporting Issues
  • Changes in AR-C Section 60 - Adding to and Amending the Definitions of Financial Reporting Framework and Clarifying Impact on Independence of Accountant Involvement With the Design, Implementation, and Maintenance of Internal Control Systems
  • Review Amendments to AR-C Section 90 Which Expand the Accountant's Responsibility to Perform Procedures for Evaluating and Disclosing the Entity's Ability to Continue as a Going Concern

Standards for Accounting and Review Services No. 25

  • Primary Focus on the Significant Amendments to AR-C Section 90
  • Changes to the Accountant's Responsibilities in Review Engagements Relative to Financial Statement Revisions Resulting From Material Misstatements, Subsequent Events and Going Concern Issues
  • Important Changes in the Form of the Review Report, Including the Introduction of an Adverse Report and Corrections of Prior Year Material Misstatements
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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.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on July 23, 2020.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • NH MCLE 1.7
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 99 Minutes.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 2.0
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 2.0 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 6 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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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

James A. Smith, CPA, CGMA

James A. Smith, CPA, CGMA

Smith, Jackson, Boyer & Bovard, PLLC

  • Managing director of Smith, Jackson, Boyer & Bovard, P.L.L.C.
  • Responsible for financial reporting and attestation as well as entrepreneurial business tax practice
  • Conducts regular seminars and workshops on numerous on accounting and review services and business taxation
  • Member of AICPA, Texas Society and Dallas Chapter of CPAs; and past chair of the Texas Society of CPAs; former member of AICPA Accounting and Review Services Committee and current member of Texas Society of CPAs Professional Standards Committee
  • B.B.A. degree in accounting and economics
  • Can be contacted at 214-276-5001or [email protected]
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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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


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Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407385
Published 2020
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