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Live Webinar

100-minute live streaming program
  • July 23
  • 1:00 - 2:40 pm EST

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OnDemand Webinar

SSARS 24 and 25: Compilation and Review Standards Update

July 23

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.

Learning Objectives

  • You will be able to identify and respond to the requirements for reporting in the international environment.
  • You will be able to explain how to properly plan the engagement to fully comply with the expanded professional standard responsibilities.
  • You will be able to discuss how to comply with the standards for evaluating and reporting on going concern questions.
  • You will be able to recognize the alternative reporting options available to address financial statement issues encountered.

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Why Lorman?

Over 33 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 33 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 Webinar

This course was last revised on November 20, 2015.

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

No Credit Available

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

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  • 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 State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. 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.
     
  • 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.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • NH MCLE 1.6
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 95 Minutes.
     
  • NJ CLE 2.0
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.0 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • 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 program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 2.0
     
  • This program has been approved by the Board of Bar Examiners for 2.0 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 2.0
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
     
  • 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.
     
  • Lorman Business Center, LLC. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of .
     

Who should attend?

This live webinar is designed for accountants, CPAs, attorneys, CEOs, presidents, vice presidents, CFOs, controllers, business owners and managers and enrolled agents.

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More Program Information

Why Lorman?

Over 33 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, P.L.L.C.

  • 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 33 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: 407385
Published 2015, 2020
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